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mattkrisiloff | 3 years ago

YC sent out a survey this morning to all companies asking if effected

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DWqRdped|3 years ago

Founders lie on those surveys. I bet its closer to 50% who can't make payroll for a month if they only have access to 250k

Turing_Machine|3 years ago

At the median Silicon Valley engineering wage, $250k would be enough to pay about 100 engineers for one week, or 25 engineers for a month.

Yeah, $250K isn't going to go very far.

kragen|3 years ago

thanks, did it ask specifically if they couldn't make payroll, or just whether they were affected?

cedricd|3 years ago

It asked specifically if they couldn't make payroll for the next 30 days

Also -- it's 30% of those who responded to the survey. So lots of startups could be banking with SVB and have not bothered to fill it out. Maybe those less likely to make payroll would be more likely to fill out the survey