https://techcrunch.com/2023/03/10/with-svb-locked-up-how-are-startups-going-to-pay-for-stuff/

TechCrunch is currently busy reporting the hell out of the SVB crisis, but as we sort out the competitive landscape and learn more about how founders and their VC partners are reacting, I have a question: How are startups going to pay for stuff while the mess is sorted out?

According to the government, “insured depositors” at SVB “will have full access to their insured deposits no later than Monday morning.” That’s good, as it appears some capital will be available to some of SVB’s customers in short order. The issue is that the FDIC insures a maximum of only $250,000 for every account.