This CEO halved her personal savings to meet payroll after SVB collapse: 'I don't really know yet what the repercussions will be'

TL;DR

On Saturday, Lauren Schulte Wang and her husband, Panpan, got in the car with their 7-month-old and 2-year-old children and drove to the bank. A plan to navigate the aftershocksWang doesn't regret keeping all her company's cash in one account: Her accounting department is only two people, and it would be a "logistical nightmare" to divide incoming and outgoing cashflow between multiple banks, she says. And when venture capitalists tighten their purse strings, women founders and founders of color are often the first to get left in the cold, Wang says

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