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sanitized link: https://nitter.fdn.fr/garrytan/status/1634286688922132481

i wonder where garry is getting this 30% number or if he just made it up

YC sent out a survey this morning to all companies asking if effected

Founders lie on those surveys. I bet its closer to 50% who can't make payroll for a month if they only have access to 250k

At the median Silicon Valley engineering wage, $250k would be enough to pay about 100 engineers for one week, or 25 engineers for a month.

Yeah, $250K isn't going to go very far.

most california companies issue paychecks every two weeks

Okay, then. 50 engineers for two weeks. I'm not sure why that matters?

enormously more companies have 50 employees or more than have 100 employees or more

thanks, did it ask specifically if they couldn't make payroll, or just whether they were affected?

It asked specifically if they couldn't make payroll for the next 30 days

Also -- it's 30% of those who responded to the survey. So lots of startups could be banking with SVB and have not bothered to fill it out. Maybe those less likely to make payroll would be more likely to fill out the survey

thank you very much

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