Founders, don’t put all your cash in one basket
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It’s too early to fully anticipate all of the consequences of Silicon Valley Bank’s collapse. But there is one prediction I am ready to make: Bank diversification is going to be a much higher priority for startups from now on. — Anna
A mostly ignored best practice
Whether you are an individual or a company, it makes sense to have more than one bank. Yet, many startups don’t.
W
elcome to the TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by the daily TechCrunch+ column where it gets its name. Want it in your inbox every Saturday? Sign up here.
It’s too early to fully anticipate all of the consequences of Silicon Valley Bank’s collapse. But there is one prediction I am ready to make: Bank diversification is going to be a much higher priority for startups from now on. — Anna
A mostly ignored best practice
Whether you are an individual or a company, it makes sense to have more than one bank. Yet, many startups don’t.
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