This sounds like a huge amount of money and I can't imagine YC has that much cash lying around.

> This sounds like a huge amount of money and I can't imagine YC has that much cash lying around.

And even if it had had the cash, the cash might have been at SVB.

Suddenly, "Hey, why isn't HN loading?".

I'm sure that's prepaid. More seriously though, surprised there isn't a startup to organize your startup's finances across FDIC insured accounts.

Capital call to their investor base?

It's probably a lot more money than one can put together on such short notice.

This seems like a great opportunity for investors to signal to founders what type of partners they are in times of need.

Zach Coelius nailed it:

> I am telling all my companies that even in the worst case scenario and there is no buyer (highly unlikely), they will still get the vast majority of their money back and this just becomes a short term issue.

> I, for one, certainly plan to fund my companies through this.

https://twitter.com/zachcoelius/status/1634272357132165121

sure, but they made it seem like they really just need a round of payroll for their companies and stuff can get sorted out after, or did I miss something?

The most immediate problem is payroll, perhaps as immediate as Monday.

But there's still no concrete end in sight for if and when non-FDIC insured amounts will be available.

How many companies have spare funds for event of bank going tits up ?

If so hopefully it’s not in SVB