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

4 points by stickyNotes188 3 years ago | 6 comments

mutant 3 years ago |

Apparently we just switched to Mercury AND Brex. I guess we're diversifying. Brex is offering bridge financing. https://www.brex.com/svb-emergency-line

simonblack 3 years ago |

"oh ..... a bit late on that one, Charlie. I'll bet that smarts."

mateo- 3 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

mateo- 3 years ago | |

oh Brex just announced $2.25M FDIC insurance.

downrightmike 3 years ago |

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

mateo- 3 years ago | |

"A real bank" like SVB?