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Ask HN: Should I be moving startup capital from SVB to Mercury or Brex?
4 points
by
stickyNotes188
on March 10, 2023
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6 comments
mutant
on March 10, 2023
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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
on March 11, 2023
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"oh ..... a bit late on that one, Charlie. I'll bet that smarts."
- 'Please Mr Custer' -
https://www.youtube.com/watch?v=fe0q8Lq3L2Q
mateo-
on March 12, 2023
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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-
on March 12, 2023
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oh Brex just announced $2.25M FDIC insurance.
downrightmike
on March 10, 2023
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Get a real bank and stop worrying. There are other things to think about, don't waste cycles.
mateo-
on March 12, 2023
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"A real bank" like SVB?
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