Calcanis About SVB Crisis
by Brian Wang from NextBigFuture.com on (#69P5G)
EMERGENCY POD: Jason Calcanis on SVB (Silicon Valley Bank) implosion and what impacted founders should do. FDIC has taken control of SVB. Uninsured depositors will only get IOU which gets money after liquidation. Insured depositors only get covered up to $250,000. A funded startup would usually have over $1 million of funding. It is generally ...