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Comment by KidComputer | Hacker News Reader

It's when they get their money that matters, it may takes months. Can't pay employees, cloud bills, vendors, etc until then. The most they get out on Monday is $250k, how long it takes the government to make good on the receivership certificate is unknown. Startups will likely have to take an additional line of credit from somewhere fast.

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> The most they get out on Monday is $250k, how long it takes the government to make good on the receivership certificate is unknown

This isn’t quite accurate. The FDIC statement said they would make an advance payment on uninsured deposits within the next week.

So, there’s a guarantee that there is some money beyond 250k coming in less than a week. My guess is the other commenter’s analysis is close. The FDIC will determine the absolute floor of the value of assets that SVB had, and that will be the basis of the advance payments.

That will be the foundation of liquidity that companies will have while they wait for the rest of the process to conclude.

it will definitely take longer than even months to fully resolve, but the regulators are well aware of the risk of a slow resolution spreading panic beyond the true magnitude, causing a self-fulfilling prophecy. A delay of a few days in getting paid causing mass financial hardship should be a damning indictment of our collective lifestyle more than anything.

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