[leot]

If you've been privy at all to the conversations founders etc. have been having for the last 48 hours, I don't think they're going to come away from this feeling like "don't worry". There was never a guarantee that the fed would step in, and there won't be a guarantee going forward. Treasury management will be a thing that all VCs worth their salt will insist on going forward.

[kortilla]

But the message in this announcement is pretty clear, the put is there and none of that turned out to be necessary and won’t be going forward. It will be financially worse for you to put your money into less liquid things.