You can build upon the most recent node, or you can suggest an alternative by attaching your story blob to an upstream node. Over time, people can vote on the story blobs they like the best, and these will in turn "harden" and become the canonical branch.
Juney retweeted
This is a hard day for the startup community. I’ve got a ton of respect for SVB and deeply understand how stressful this situation is for their customers and employees.
We’ve been hard at work at Mercury to quickly onboard hundreds of customers and provide as much peace of mind as possible. I’ve gotten some questions today about Mercury and our partner banks that I want to address.
Mercury is profitable and growing. We work with partner banks who operate sweep networks to spread deposits across other large, trusted banks (e.g. Goldman, Wells Fargo). This allows us to offer $1M in FDIC insurance, and reduces the risk of any single point of failure.
Customers can also put money into Mercury Treasury to buy mutual funds, including US Gov-backed T-bills (accounts are SIPC-insured up to $500K). This is a great way to diversify where your excess funds are held.
Our partner banks are diversified across multiple industries, not just startups. They've stayed disciplined on investing throughout the low-rate environment & have kept their bond portfolio with short durations, meaning there’s no big mark-to-market risk.
We’re committed to giving all our customers, new and existing, an unparalleled banking experience that you can read more about here: mercury.com/how-mercury-work…
DM/comment me if you have any questions or feedback.
Awesome. Congratulations @NFX on five years.
nfx.com/post/nfx-5-years-in-…
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This is it — brutal honesty and zero contempt. Superbly written. Thanks @saranormous for your words.
(Max pain indeed. 🤕)
Max pain across tech right now, no end in sight. I wrote about how not to drive your startup off a cliff
sarahguo.com/blog/hardreset
Day 2 of #NYCSummit: three luminaries in the studio/incubator space: @alley_corp @JoinAtomic @humanvc — wow, just crazy expertise and experience concentrated on the stage. Thanks @HeatherHartnett @jackabraham @kevinryan for your insights.
@jackabraham: “meta-innovation, or innovating on the process of innovation, might be the most important problem in the world to solve right now.”
Day 1 of Primary’s #NYCSummit: @MarcLore and @bksun on operational excellence, high-caliber teams, and a bit of Marc’s story.
As an aside, props to the entire @PrimaryVC team: raising an already high bar (from previous PVP summits) even higher this year!
Enormous milestone for you @bksun — congratulations on the recognition for both you and @PrimaryVC! 🚀
Wonderful but weird to be on #ForbesMidas. Having been a founder, I got into investing to stay involved in early-stage building. It's a lot easier on this side!
40 companies, 12 years, 8 unicorns, and 1 decacorn later, I have some lessons and predictions:
