SVB Fallout: 3 Ways to Mitigate Your Banking Risk (#3 Will SHOCK You)

When you have money in the bank, you expect it to be there for your use. But the collapse of Silicon Valley Bank and others that followed have highlighted uncertainties in the system. What happened? And what can you do to mitigate your risk? Our new CFO Nikki Galloway and CIO Tim Hanson sit down with David Cover to share three ways you can mitigate your banking risk.   LINKS & MENTIONS FROM THIS EPISODE Read Nikki’s 3 Ways to Mitigate Banking Risk at https://www.permanentequity.com/ Subscribe to Tim’s daily newsletter, Unqualified Opinions https://www.permanentequity.com/unqualified-opinions   Connect with Nikki on LinkedIn https://www.linkedin.com/in/nicolergalloway/ Connect with Nikki on twitter https://twitter.com/nicolergalloway Connect with Tim on LinkedIn https://www.linkedin.com/in/timothybhanson/ Connect with Tim on twitter https://twitter.com/timhanso Connect with David on twitter https://twitter.com/DavidACover Connect with David on LinkedIn https://www.linkedin.com/in/david-cover-318752230/  Sign up for our weekly newsletter for operators, Permanent Playbook: https://www.permanentequity.com/newsletter   TIMESTAMPS 0:00 1:12 Who’s Fault Is It? 2:14 Nikki the New Girl 7:18 Explaining Tim’s Jokes 8:58 What Happened with SVB? 17:29 What’s Happening Now? 20:29 The Wives of Permanent Equity Love Tim’s Newsletter 22:18 Nikki’s 3 Ways to Mitigate Your Banking Risk 27:48 #3 Will Shock You ;)  31:01 David Gets Sidetracked by Sirens & Sports 35:12 Nikki & Tim Try to Get David Back On Topic 36:28 Visit permanentequity.com for More 37:28 Legal Disclaimer    EPISODE CREDITS Produced by David Cover Intro music by Andrew Camp, David Cover, Scott Johnson, Andrew Luley, & Dave Wilton Outro music by Ghost Beatz   WE STEWARD COMPANIES THAT CARE WHAT HAPPENS NEXT  Visit https://www.permanentequity.com/ for more Sign up for our weekly newsletter for operators, Permanent Playbook: https://www.permanentequity.com/newsletter  Sign up for a new daily newsletter from our very own Tim Hanson, Unqualified Opinions: https://www.permanentequity.com/unqualified-opinions  Check out our other podcast episodes here: hhttps://pod.link/1480383949    LEGAL DISCLAIMER This podcast is made available solely for educational purposes, and the information presented here does not constitute investment, legal, tax or other professional advice, and should not be construed as an offering of advisory services, or as a solicitation to buy, an offer to sell, or a recommendation of any securities or other financial instruments. The thoughts and opinions expressed by or through this podcast are those of the individual guests and speakers and do not necessarily reflect the views of Permanent Equity. The discussion on this podcast of any entity, product or service does not imply an endorsement thereof, and the guests may have a financial interest, whether through investment or otherwise, in one or more of any such entities, products or services. This podcast is presented by Permanent Equity and may not be copied, reproduced, republished or posted, in any form, without its express written consent.  

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Small businesses don't stay small on purpose. And the marketplace for small to midsize businesses is messy. Listen in on conversations happening around the Permanent Equity house about private equity, investing, buying, selling, managing, & operating small businesses, and more. The first 40 episodes are the Messy Marketplace audiobook. Having peeked behind the curtain at over 10,000 companies, this expanded audiobook-podcast aims to demystify the buyers, the process, and the inevitable emotional journey that is selling a company.