[arockwell]

SVB has billions of dollars in client funds. Once you start having cash in the millions it isn’t practical to have all of it FDIC insured.

[grensley]

Maybe it's just because I haven't managed that kind of money on behalf of an organization, but it seems like you would get super paranoid about that aspect of things: spread your money between multiple banks, hold low risk assets with capital you don't immediately need, possibly even hold some in a straight up vault.