Everyone here seems pretty negative about the petition based on the title that says "YC Is Asking for a Bailout", when actually the content of the post is quite different:

> Small business depositors at Silicon Valley Bank should be made whole. Regulators need to conduct a backstop of depositors. We are not asking for a bank bailout.

With emphasis on that "We are not asking for a bank bailout". They are also asking for more regulation.

Taking rapid action to make sure this does not cause a domino effect seems like a pretty good idea if you ask me.