Any impact to fly with failure of SVB?

Hi. Not a technical question. The collapse of Silicon Valley Bank yesterday has impacted a large number of startups in the US. 90% of the cash at SVB was uninsured and each account was only insured for $250K. There is news several startups will have difficulty making payroll. Was Fly caught up in this at all? If so, will there be any fallout for the organization or for customers?

No impact on Fly, no. We moved our money out of SVB almost a year ago.

As a relief measure: we’ll credit Fly accounts of startups affected by this unfortunate event, when requested.


It’s great to hear Fly was not impacted. Your gesture towards helping those impacted is a very human response to the crisis. It should certainly inspire more to work with such a decent organization.


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