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re: Can someone who understands venture-capital explain to me why the uproar?

Posted on 3/10/23 at 9:26 pm to
Posted by TackySweater
Member since Dec 2020
12154 posts
Posted on 3/10/23 at 9:26 pm to
quote:

90% was not FDIC insured


And those companies know this going in?
Posted by Big Scrub TX
Member since Dec 2013
33599 posts
Posted on 3/10/23 at 9:28 pm to
quote:

And those companies know this going in?
Of course. The FDIC only insures up to $250K per account. It was put in place after the Great Depression to guarantee that "retail" (i.e. joe sixpack) was never wiped out again by bank runs.
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