CFO's here, let's say I raise a round like that. What do you do with $1B in cash to manage it in the short and near term though? Is it just stuck in the money market or t-bills or what? Even if the growth of the company is the main bet, that cash has to exist as something with a better return than cash.
I assume that service is what SV bank provided before it tanked, but someone has to manage that cash for the few years it takes to burn through it. What kind of service do you park that in.