
So something like from that show Silicon Valley? You stocks went from millions to nothing?
Worse. Our bank account had millions of dollars in cash in it which we use to pay rent, employees, etc. All of that money has been frozen now that the bank has collapsed and the FDIC has stepped in. We can’t access it, use it, or transfer it to another bank.
This has happened to countless companies. Hundreds of companies missed payroll on Friday or will miss payroll over the next few days.
[Read more…] about Confessions of a Tech CEO Who Had Millions Tied Up In Silicon Valley Bank






