Ask HN: Should I be moving startup capital from SVB to Mercury or Brex? 4 points by stickyNotes188 3y ago ↗ HN
[–] downrightmike 3y ago ↗ Get a real bank and stop worrying. There are other things to think about, don't waste cycles. [–] mateo- 3y ago ↗ "A real bank" like SVB?
[–] mutant 3y ago ↗ Apparently we just switched to Mercury AND Brex. I guess we're diversifying. Brex is offering bridge financing. https://www.brex.com/svb-emergency-line
[–] simonblack 3y ago ↗ "oh ..... a bit late on that one, Charlie. I'll bet that smarts."- 'Please Mr Custer' - https://www.youtube.com/watch?v=fe0q8Lq3L2Q
[–] mateo- 3y ago ↗ their sweep accounts are FDIC insured up to $1m. So like mutant said, if you open an account with both, you're possibly insured up to $2m [–] mateo- 3y ago ↗ oh Brex just announced $2.25M FDIC insurance.
6 comments
[ 1.9 ms ] story [ 26.9 ms ] thread- 'Please Mr Custer' - https://www.youtube.com/watch?v=fe0q8Lq3L2Q