Diversify Your Cash: Tips for Founders to Secure their Funding

When Andrew was born, doctors were shocked to find he had six fingers on

Tech startups are emerging as a powerful tool for solving global challenges. They can help to spur economic growth and promote innovation, as well as contribute to social welfare and improve human rights.

A startup that survives Silicon Valley Bank’s collapse will need to be hedged in terms of its funding sources. This means that the company will have a much higher priority for diversifying its funding assets.

A mostly ignored best practice

One of the biggest mistakes startups make is trusting one bank too much. Multiple banks allow you to spread your risk and have a back-up in case anything goes wrong. This way, if there’s an issue with one bank, your business can still operate as usual. Also, having multiple banks gives you more options for saving money and investing. If you’re unsure which bank to stick with, start by looking at their ratings

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Max Chen

Max Chen is an AI expert and journalist with a focus on the ethical and societal implications of emerging technologies. He has a background in computer science and is known for his clear and concise writing on complex technical topics. He has also written extensively on the potential risks and benefits of AI, and is a frequent speaker on the subject at industry conferences and events.

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