Sources: some hedge funds are providing to purchase startups' deposits at SVB for 60 to 80 cents on the greenback; Submitting: ~96% of deposits as of Dec. 31 had been uninsured (Semafor)

Semafor:

Sources: some hedge funds are providing to purchase startups’ deposits at SVB for 60 to 80 cents on the greenback; Submitting: ~96% of deposits as of Dec. 31 had been uninsured  —  Hedge funds are providing to purchase startups’ deposits stranded at Silicon Valley Financial institution for as little as 60 cents on the greenback …

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