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martythemaniak
on March 10, 2023
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FDIC Takes over Silicon Valley Bank
Yeah, it seems companies should be mostly fine. Like you had 10 million in cash yesterday, but now you get 10m in 10y TBills, which you have to sell for $9m to get your cash back. It sucks but it shouldn't change the trajectory of your startup.
Consider applying for YC's Winter 2026 batch! Applications are open till Nov 10
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