Tim Draper fordert Unternehmen auf, in den SVB-Nachwirkungen mit Bitcoin zu diversifizieren, zu dezentralisieren und abzusichern

Tim Draper fordert Unternehmen auf, in den SVB-Nachwirkungen mit Bitcoin zu diversifizieren, zu dezentralisieren und abzusichern

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Billionaire venture capitalist Tim Draper has offered some tips for business cash management in the aftermath of the failure of Silicon Valley Bank (SVB) and the continued micromanagement by the government and over-regulation of banks.

  • Draper recommends that founders consider a more diversified cash management approach to deal with the uncertainty created by the failure of the bank and the increasing likelihood of bank failures in the future due to the government’s printing of money and whipsawing interest rates to counteract inflation.
  • To avoid desperate measures or even total collapse in the future, Draper suggests that businesses keep it simple and diversify risk by keeping short-term cash in each of two banks, one local and one global, and at least two payrolls worth of cash in Bitcoin or other crypto currencies.
  • “For the first time in many years, governments are taking over banks and governments themselves are at risk of becoming insolvent. Bitcoin is a hedge against a “domino” run on the banks and on poor over-controlling governance,” Draper mentioned.
  • He also recommends that businesses focus on yield and capital appreciation, become aware of fraud, vulnerabilities of customers and suppliers, and verify anomalies and process changes. Finally, he suggests that businesses decentralize to move more quickly in the face of uncertainty.
  • Draper's Tipps are particularly relevant in the wake of the second-largest bank failure in United States history and the largest since the 2007–2008 financial crisis.

Many startups came to Draper for emergency relief when Silicon Valley Bank and other banks shut down, highlighting the importance of having a sound strategy and contingency plans in the face of cash uncertainty. By following Draper’s advice, businesses can better prepare themselves for future crises and avoid the need for emergency relief.

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