Kyle Tut pfp
Kyle Tut
@kyletut
Still think everyone involved with the SVB fiasco should have lost their money beyond the FDIC limit
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↑langchain pfp
↑langchain
@langchain
many were seemingly just bystanders but learned the value of diversification of cash holdings
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Kyle Tut pfp
Kyle Tut
@kyletut
As a founder that raised from SV and specifically chose not to put my funding in SVB, what do I get from that decision? There were many upsides sold to me *to* put the funding in SVB. By saving SVB, my decision was invalidated and we are deciding winners and losers in a way that is not congruent with the law. We did not do that during the farming crisis in the 1980s which had a direct impact on me. Either the FDIC limit is the limit or it's not. If it's not, make it the law. Can't pick and chose winners.
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