Hacker News Reader

Comment by ohdannyboy | Hacker News Reader

The company I work for only said our next payroll is safe. The rest of the statement was wordy without saying much which is a pretty big red flag to me. Here's hoping we didn't lose the entire extension round we just raised.

View on HN

Does anyone know if there's an estimate of what % of Y-combinator companies used SVB?

>=30%, which is the proportion of Y-combinator companies who cannot make payroll thanks to SVB's failure.

Source: https://twitter.com/garrytan/status/1634286688922132481

No, 30% is the percent of yc companies who reported having money trapped in SVB that can’t make payroll.

The question you’re responding to is asking what percent used svb. That is unknown.

That's what I said. Did you even read my comment?

Used SVB and cant make payroll does not equal used SVB and can make payroll (because e.g. they have cash stored in more than one bank).

You're familiar with what >= means, right?

The OP was saying it was at least 30%

Why are you all so mean to each other?

I can see where the confusion comes from. 2% of YC companies could use SVB and 30% of that 2% can't make payroll. Or 90% of YC companies could use SVB and 30% of those can't make payroll. That's a big difference.

> Why are you all so mean to each other?

The "No, " at the beginning of my response probably triggered them. I was simply trying to make it clear to others that their information was misleading.

I would characterize my response as flippant, not mean :)

You are mis-quoting the tweet. It’s not >=30% of YC companies. That 30% is the percentage of YC companies _that have exposure to SVB_. So that could be 30% of 5% of YC companies or 30% of 80% of YC companies.

Reply on news.ycombinator.com