Should I be moving startup capital from SVB to Mercury or Brex?

Question

mutant · Accepted Answer

Apparently we just switched to Mercury AND Brex. I guess we're diversifying. Brex is offering bridge financing. https://www.brex.com/svb-emergency-line

simonblack · Answer

"oh ..... a bit late on that one, Charlie. I'll bet that smarts."- 'Please Mr Custer' - https://www.youtube.com/watch?v=fe0q8Lq3L2Q

mateo- · Answer

their sweep accounts are FDIC insured up to $1m. So like mutant said, if you open an account with both, you're possibly insured up to $2m

downrightmike · Answer

Get a real bank and stop worrying. There are other things to think about, don't waste cycles.