Viewing profile — tomato_123

I wish the e/acc guys would work on this instead of boring b2b productivity services lol

I’m all for colonizing mars or whatever but whenever you drill into an e/acc Twitter guy’s background he’s always running/investing in the most banal corporate business imaginable.…

I heard it has a simp infestation

It’s a pretty good site!

Luckily, barely any startups actually have revenue.

Bailing out the depositors is bailing out the VCs who own the depositors.

All of these companies could have sold their uninsured deposits at a discount, made payroll, and let their equity holders take the loss. This is what equity holders are supposed to…

They went around begging for bailouts when they could have just had the companies sell the uninsured deposit claims at a discount, paid their workers, and, as equity, eaten the los…

What innocent? They could have sold the uninsured deposits at a discount, made payroll, and let the equity eat the loss. Instead they went on an embarrassing bailout begging extrav…

"If the bank collapses then many startups shut down." No, the equity gets wiped out, and if it's a good idea/good business it persists and gets funding elsewhere. "You say it's a b…

There was plenty of private capital ready to step in and buy these deposits, at a discount of course, making it possible to make payrolls. You and your ilk just didn't like that th…

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This is incorrect. Payroll pierces the corporate veil.

It's an impossible standard to hold founders to know that deposits are insured up to $250,000? This isn't exactly fine print. Just be minimally competent and not a clown.

"Equity is when you take risks, except for the risks you didn't anticipate" Absurd take.

Empathy is completely irrelevant. You agreed to a particular financial contract, one that ended up being a mistake ex-post. Now you want to wind back the clock and pretend you agre…

There are a zillion ways to deal with this. Split up your cash. Buy private insurance. Whatever. They agreed to a particular contract---deposits insured up to $250,000, and then ex…

Not bailing out some VCs who hold equity in these depositor-companies would not fuck up the economy. Completely absurd and outrageous.

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Calm down. No it won't. We have financial markets. Good startups/innovations will get funding elsewhere. This is already happening. The current equity holders will lose a bit. No b…

He is (likely self-interestedly) angling for a system-wide guarantee on uninsured deposits. He's pretending something like this is true: SVB's failing will have a contagion effect …

Yes, thank you. I feel like people are throwing around "MBS" because it's vaguely menacing and reminds people of 2008. 2023 MBS are a completely different animal; any comparison to…

Long-duration fixed income assets go down in value when interest rates rise. This is true whether they're long-dated treasuries or agency MBS. Banks that finance with short term li…

This is not a contagion event, this is a "lots of banks were exposed to the same macro economic risk" event. It'll play out how it plays out, but a bailout of SVB's depositors (wha…

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