[shruubi]

I'll be honest, all these asides feel like there is some kind of explanation or big reveal that never comes. I can understand a bank identifying a large-sum account and wanting to look after them, being annoyed by that account moving banks as well as a local branch having to take precautions on such large withdrawals. But otherwise, I feel like I'm missing something here that isn't spelled out.

[jmillikin]

The author is used to thinking of their bank account as an anonymous number, with operations handled impassively by whoever happens to be staffing the bank's reception desk that day. They probably never considered 35 million dollars to be an amount worth fussing over ("this is not a lot of money to a big bank, they'll barely notice").

The bank thinks of multi-million dollar business accounts as a deeply personal relationship between the CEO and account manager, where the AM takes the CEO to fancy dinners and golf outings and remembers the names of the CEO's children. HashiCorp's account might have been the largest that had ever been opened at that particular branch.

This article is an amusing(?) story about those two worldviews making contact.

[WWLink]

I admit I was laughing at the part where he transferred out the $35mil and Alex called him.

Honestly I'm sure a lot of people on HN have experienced the "hey I just wanted to see how you were doing" call from their bank. Once you have >$100k in your chase accounts they'll start doing that.

But why would anyone have that much money in their Chase accounts? I keep a nominal amount of money in my chase account and send the bulk of my money to fidelity to throw into whatever investment vehicle I like. Sadly, I think you need to have $1mil at fidelity to get the same red carpet treatment chase will give you for $100k.

[jacooper]

Now I understand what's wrong, so he missed on a lot of cool stuff by just not engaging with Alex.

Doesn't seem like that a big of deal, but a bummer for sure!

[brabel]

The only thing I was amused about was the fact that a 22 year old without any sort of work experience got 1 Million dollars just like that (and much more later on).

[benjaminwootton]

He turned it into a company that changed the industry and went public, so somebody made a good call.

[hartator]

Yes, it seems very business as usual.

I am more surprised about the founder lack of interest for bank and finance. It’s fully in his duty to know where his investor money is. And he seems to be careless about it.

[Aeolun]

Knowing it is all in a specific Chase account seems like a very simple way to always know exactly where your money is?

[re-thc]

It makes sense considering he's gone from founder / CEO -> founder / CTO -> individual contributor i.e. probably never focused on these things and just wanted to build the product as an engineer.