Startups are risky enough as is without having to create and manage 50 different banks with 250k in each. Those mass layoffs were the result of poor decisions and execution by the companies, and they should face the consequences.
We want startups to focus on innovation, and where they store (not invest) their cash should ideally be trivial
We want startups to focus on innovation, and where they store (not invest) their cash should ideally be trivial