Ask HN: Should I be moving startup capital from SVB to Mercury or Brex?

4 pointsby stickyNotes188about 2 years ago

4 comments

mutantabout 2 years ago

Apparently we just switched to Mercury AND Brex. I guess we're diversifying. Brex is offering bridge financing. <a href="https://www.brex.com/svb-emergency-line" rel="nofollow">https://www.brex.com/svb-emergency-line</a>

simonblackabout 2 years ago

"oh ..... a bit late on that one, Charlie. I'll bet that smarts."<p>- 'Please Mr Custer' - <a href="https://www.youtube.com/watch?v=fe0q8Lq3L2Q">https://www.youtube.com/watch?v=fe0q8Lq3L2Q</a>

mateo-about 2 years 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

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downrightmikeabout 2 years ago

Get a real bank and stop worrying. There are other things to think about, don't waste cycles.

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