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Okay, Computer: Move Slow & Don’t Break The Bank w/ Deirdre Bosa, Rick Heitzmann and Jeff Richards

RiskReversal Pod

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Is There a CFA in the Early Stage Companies?

When I first started around the same time as Jeff, it was actually in the term sheet that you deposit the financing in Silicon Valley bank. That was a contractual thing because we didn't want you depositing in some bank we never heard of or in a maybe a money center bank where we couldn't have a relationship. The relationship that we had with Silicon Valley bank and the terms we knew existed made it the best place to put that capital. And I think, you know, in term sheets probably starting tomorrow, you're going to deposit this thing,. You know, the $10 million I give you for the Series A in compliance with the first mark risk credit and treasury methodology which will be

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