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It'll be a haircut (my uninformed bet is ~10% loss), but definitely not zero.

How do you pay staff with no money?

I do wonder how many left 100% of funds in there?

Its a risk many did not consider. Garry Tan says 30% of YC companies.

This is what boggles my mind. How did they not consider and hedge against this risk? Why did their advisors not raise an alarm about this?

Someone wasn't doing their job

Is this is the source of that 30% number?

> 30% of YC companies exposed through SVB can’t make payroll in the next 30 days.