In this special edition, our host and Summit’s Director + VCFO, Jamie Nau, Adam Hale, Partner at Anders CPAs + Advisors, and Paul Rhea, Director + Strategic Growth at Anders CPAs + Advisors, debrief a hot topic issue about banking activity in the news, Silicon Valley Bank (SVB). They discuss the importance for businesses to remember the value of safety and diversification and the importance of diversifying funds and understanding the risk versus return.
Episode Notes:
“Any business, whether it's startup, tech, any business across the board, should really have a strategy of diversification of the funds that they don't particularly need on a 90-day basis to a six-month basis. If they've got that cash flow, let's start to diversify the rest of those funds.” –Paul Rhea
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