I wonder how many of the petition signers are vehemently against the government's student loan forgiveness plan.
Urgent: Sign the petition now
21–30 of 864 posts
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#22Re: Urgent: Sign the petition now
#23Bailout these companies because YC entrusted all their eggs into a single basket?
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#24Pathetic to be honest.
Yes it’s bad. Yes it’ll get worse if no buyer at 100 cents to the dollar is found by Monday morning. And yet, literally everyone involved signed up for it! It isn’t like there aren’t other banks? The thing had a circus for its risk management office. The big mighty all-knowing VC firms shouldn’t go around crying like babies and signing petitions but be organizing bridge loans until FDIC, the most brutally efficient government organization known to man fixes this, which will be soon and for most, soon enough.
Please don’t make VCs look worse than they are and socialize their losses. You’re in the risk business, do your job.
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#25What is the provenance of the title, is this editorializing in the submission?
10 minutes earlier it was posted with the blog post title https://news.ycombinator.com/item?id=35113681 but users came to the same conclusion: despite the blog title it's asking for a bailout.
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#26Genuinely asking: for startups who were not banking with SVB, is the recent event a good thing from a competitive standpoint?
Imagine half of your vendors/customers are insolvent. Is this good?
So if you're B2C (not B2B) and you only have 1 or 2 non-vital vendors that are likely to be impacted?
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#27Re: Urgent: Sign the petition now
#28I would say it's risky to keep such large deposits with a small bank. We use Wells Fargo for a reason; they make conservative investments and are very unlikely to be shutting down.
Wells Fargo needs to be shut down. Hard to think of a more corrupt Western banking institution
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#29Where was YC when SVB lobbied against stronger regulation so they could take more risk? Crickets.
Edit: Sources in my other comment https://news.ycombinator.com/item?id=35114110
Re: Urgent: Sign the petition now
#30Genuinely asking: for startups who were not banking with SVB, is the recent event a good thing from a competitive standpoint?
Imagine half of your vendors/customers are insolvent. Is this good?
Do all start-ups only sell stuff to other start-ups? If yes, that's their problem right there.