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[return to "Y Combinator will let founders receive funds in stablecoins"]
1. Animat+Aj[view] [source] 2026-02-03 19:48:03
>>shscs9+(OP)
YC's previous recommendation was to use Silicon Valley Bank. That ended well.
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2. n2d4+qk[view] [source] 2026-02-03 19:51:49
>>Animat+Aj
What's the context here? When, where and for what did they recommend SVB?

(FWIW, it did end well, as going with a relatively large federally insured bank meant that no one lost any money during the crash)

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3. wmf+so[view] [source] 2026-02-03 20:08:15
>>n2d4+qk
SVB was considered the "standard" bank for all startups for decades so it's not surprising that YC would give the same advice. If you run a startup out of a normal bank sometimes you get weird glitches: https://mitchellh.com/writing/my-startup-banking-story

Of course today startups are probably using Mercury/Ramp/whatever.

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