4. Redirect any future cash receipts / revenue into non SVB accounts. Don’t throw fresh money on the fire.
5. If SVB is your only current bank. Open accounts with 2 other AA or A rated banks.
If you are the CEO or CFO at a business who banks with SVB; here are some things you CAN do over the weekend
1. Build a 4 week rolling daily receipts and payments style cashflow forecast.
2. Gear up finance team to actualize & reforecast every AM by 10am
4. Redirect any future cash receipts / revenue into non SVB accounts. Don’t throw fresh money on the fire.
5. If SVB is your only current bank. Open accounts with 2 other AA or A rated banks.
a - showstoppers
b - pay if you can
c - don’t pay
You want as few a’s as possible, ideally none.
7. Find out how to get your $250k FDIC cash.
9. Communicate a salary deferral plan with your top team. CEO takes the most pain $ and %. Important signal.
11. Make a list of ‘survival headcount’. The bare minimum on which the business can operate.
You may need this to prioritize payroll later.
Build a simple “who, what, when, how much” list of actions and stick it on the wall.
14. Follow up the memo with a 121 call to each investor. Ask them to club into an emergency bridge.
Tough ask, but nothing to lose
Hopefully that’s wrong, but that’s your start point.
I’ll add anything else that might be useful.
Good luck.
Re: SVB crisis. Solid tactical list for CEOs and finance teams impacted. Additional items:
— Rebecca Skvorc (@rebeccaskvorc) March 11, 2023
1. Consider factoring receivables
2. Consider asking customers to prepay for a discount
3. Put dates on key decision points
4. Confirm the date payroll is pulled (not paid to EEs) https://t.co/SqWoTpIzES
Here\u2019s a quick breakdown the SVB situation if you\u2019re still not sure what\u2019s goin on
— Toby (@tobydoyhowell) March 11, 2023
pic.twitter.com/WdsWlTFjw5
Thank you to @RobertMSterling for an unbelievably generous offer.
Not only this, he’ll do it wearing Jordan 1s. The full package.
DM him direct. https://t.co/8pxugXRGYE
SERIOUS POST:
— Robert Sterling (@RobertMSterling) March 11, 2023
If you\u2019re a founder/CEO who banks at SVB and you don\u2019t have a CFO & a cash-flow forecast for the next 13 weeks, I\u2019ll work with you to build one ASAP. 100% pro bono.
I\u2019m an investor and SaaS CFO who has built countless of these. DMs open. Or [email protected].
More from All
MASTER THREAD on Short Strangles.
Curated the best tweets from the best traders who are exceptional at managing strangles.
• Positional Strangles
• Intraday Strangles
• Position Sizing
• How to do Adjustments
• Plenty of Examples
• When to avoid
• Exit Criteria
How to sell Strangles in weekly expiry as explained by boss himself. @Mitesh_Engr
• When to sell
• How to do Adjustments
• Exit
Beautiful explanation on positional option selling by @Mitesh_Engr
Sir on how to sell low premium strangles yourself without paying anyone. This is a free mini course in
1st Live example of managing a strangle by Mitesh Sir. @Mitesh_Engr
• Sold Strangles 20% cap used
• Added 20% cap more when in profit
• Booked profitable leg and rolled up
• Kept rolling up profitable leg
• Booked loss in calls
• Sold only
2nd example by @Mitesh_Engr Sir on converting a directional trade into strangles. Option Sellers can use this for consistent profit.
• Identified a reversal and sold puts
• Puts decayed a lot
• When achieved 2% profit through puts then sold
Curated the best tweets from the best traders who are exceptional at managing strangles.
• Positional Strangles
• Intraday Strangles
• Position Sizing
• How to do Adjustments
• Plenty of Examples
• When to avoid
• Exit Criteria
How to sell Strangles in weekly expiry as explained by boss himself. @Mitesh_Engr
• When to sell
• How to do Adjustments
• Exit
1. Let's start option selling learning.
— Mitesh Patel (@Mitesh_Engr) February 10, 2019
Strangle selling. ( I am doing mostly in weekly Bank Nifty)
When to sell? When VIX is below 15
Assume spot is at 27500
Sell 27100 PE & 27900 CE
say premium for both 50-50
If bank nifty will move in narrow range u will get profit from both.
Beautiful explanation on positional option selling by @Mitesh_Engr
Sir on how to sell low premium strangles yourself without paying anyone. This is a free mini course in
Few are selling 20-25 Rs positional option selling course.
— Mitesh Patel (@Mitesh_Engr) November 3, 2019
Nothing big deal in that.
For selling weekly option just identify last week low and high.
Now from that low and high keep 1-1.5% distance from strike.
And sell option on both side.
1/n
1st Live example of managing a strangle by Mitesh Sir. @Mitesh_Engr
• Sold Strangles 20% cap used
• Added 20% cap more when in profit
• Booked profitable leg and rolled up
• Kept rolling up profitable leg
• Booked loss in calls
• Sold only
Sold 29200 put and 30500 call
— Mitesh Patel (@Mitesh_Engr) April 12, 2019
Used 20% capital@44 each
2nd example by @Mitesh_Engr Sir on converting a directional trade into strangles. Option Sellers can use this for consistent profit.
• Identified a reversal and sold puts
• Puts decayed a lot
• When achieved 2% profit through puts then sold
Already giving more than 2% return in a week. Now I will prefer to sell 32500 call at 74 to make it strangle in equal ratio.
— Mitesh Patel (@Mitesh_Engr) February 7, 2020
To all. This is free learning for you. How to play option to make consistent return.
Stay tuned and learn it here free of cost. https://t.co/7J7LC86oW0
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i wonder if you can make a thread bout witchcraft in malaysia.. or list of our own local gods/deites..
— r a y a \U0001f319 (@lcvelylilith) February 20, 2020
Before I begin, it might be worth explaining the Malay conception of the spirit world. At its deepest level, Malay religious belief is animist. All living beings and even certain objects are said to have a soul. Natural phenomena are either controlled by or personified as spirits
Although these beings had to be respected, not all of them were powerful enough to be considered gods. Offerings would be made to the spirits that had greater influence on human life. Spells and incantations would invoke their
Animist ceremonies of a religious or magical nature were normally held for the purpose of divination or making a request. This would either be done at a keramat or at a shrine similar to the Thai spirit houses or Chinese roadside shrines pic.twitter.com/I1hliyi0x3
— \u2745\u1710\u170b\u1713\u170e (@uglyluhan) June 16, 2019
Two known examples of such elemental spirits that had god-like status are Raja Angin (king of the wind) and Mambang Tali Arus (spirit of river currents). There were undoubtedly many more which have been lost to time
Contact with ancient India brought the influence of Hinduism and Buddhism to SEA. What we now call Hinduism similarly developed in India out of native animism and the more formal Vedic tradition. This can be seen in the multitude of sacred animals and location-specific Hindu gods
