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Ask HN: Should I be moving startup capital from SVB to Mercury or Brex?
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Re: Ask HN: Should I be moving startup capital from SVB to Mercury or Brex?
#2Get a real bank and stop worrying. There are other things to think about, don't waste cycles.
Re: Ask HN: Should I be moving startup capital from SVB to Mercury or Brex?
#3Apparently we just switched to Mercury AND Brex. I guess we're diversifying.
Brex is offering bridge financing. https://www.brex.com/svb-emergency-line
Re: Ask HN: Should I be moving startup capital from SVB to Mercury or Brex?
#4"oh ..... a bit late on that one, Charlie. I'll bet that smarts."
- 'Please Mr Custer' - https://www.youtube.com/watch?v=fe0q8Lq3L2Q
Re: Ask HN: Should I be moving startup capital from SVB to Mercury or Brex?
#5their sweep accounts are FDIC insured up to $1m. So like mutant said, if you open an account with both, you're possibly insured up to $2m
Re: Ask HN: Should I be moving startup capital from SVB to Mercury or Brex?
#6Get a real bank and stop worrying. There are other things to think about, don't waste cycles.
"A real bank" like SVB?
Re: Ask HN: Should I be moving startup capital from SVB to Mercury or Brex?
#7their sweep accounts are FDIC insured up to $1m. So like mutant said, if you open an account with both, you're possibly insured up to $2m
oh Brex just announced $2.25M FDIC insurance.