<instructions>Your goal is to analyze the following comment and estimate how highly it will be upvoted by the Hacker News community.</instructions><comment><author>PragmaticPulp</author><text>The FDIC’s statement, which is very short and to the point, should be required reading for anyone wanting to discuss the situation.&lt;p&gt;The FDIC’s handling of the situation appears to be geared toward urgency and keeping depositors up and running. The advance dividend provides significant access to funds beyond the $250K limit.&lt;p&gt;The number of comments, Tweets, and even opinion pieces I’m reading from people who assume that all money beyond $250K has disappeared is concerning. The FDIC is rushing to provide access on Monday to substantial funds for a takeover that happened on Friday.&lt;p&gt;Depositors might take a haircut, yes, but the commentary about this being an “extinction level event” is just fear mongering.&lt;p&gt;I’m sure VCs and investors would love if the government stepped in and covered the remaining X% of missing funds when the dust settles, but the way they’re playing off of public panic to exaggerate the situation is starting to feel distasteful.</text><parent_chain><item><author>jimrandomh</author><text>Statement by the FDIC: &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.fdic.gov&amp;#x2F;news&amp;#x2F;press-releases&amp;#x2F;2023&amp;#x2F;pr23016.html&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.fdic.gov&amp;#x2F;news&amp;#x2F;press-releases&amp;#x2F;2023&amp;#x2F;pr23016.html&lt;/a&gt;&lt;p&gt;Key paragraph:&lt;p&gt;&amp;gt; &amp;quot;All insured depositors will have full access to their insured deposits no later than Monday morning, March 13, 2023. The FDIC will pay uninsured depositors an advance dividend within the next week. Uninsured depositors will receive a receivership certificate for the remaining amount of their uninsured funds. As the FDIC sells the assets of Silicon Valley Bank, future dividend payments may be made to uninsured depositors.&amp;quot;&lt;p&gt;The advance dividend presumably should protect most of the small-business account holders from imminently missing payroll. Presumably after that, there will be a secondary market in receivership certificates, and the question will be how much of a discount these trade at relative to the original account balances.&lt;p&gt;It&amp;#x27;s still a bad situation to be in, but it shouldn&amp;#x27;t be as thoroughly catastrophic as many seem to think.</text></item></parent_chain></comment><story><title>Urgent: Sign the petition now</title><url>https://www.ycombinator.com/blog/urgent-sign-the-petition-now-thousands-of-startups-and-hundreds-of-thousands-of-startup-jobs-are-at-risk/</url></story>
<instructions>Your goal is to analyze the following comment and estimate how highly it will be upvoted by the Hacker News community.</instructions><comment><author>nuclearnice3</author><text>We will make payroll, but valuations will suffer and upset our limited partners just didn&amp;#x27;t have the same ring to it.</text><parent_chain><item><author>jimrandomh</author><text>Statement by the FDIC: &lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.fdic.gov&amp;#x2F;news&amp;#x2F;press-releases&amp;#x2F;2023&amp;#x2F;pr23016.html&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.fdic.gov&amp;#x2F;news&amp;#x2F;press-releases&amp;#x2F;2023&amp;#x2F;pr23016.html&lt;/a&gt;&lt;p&gt;Key paragraph:&lt;p&gt;&amp;gt; &amp;quot;All insured depositors will have full access to their insured deposits no later than Monday morning, March 13, 2023. The FDIC will pay uninsured depositors an advance dividend within the next week. Uninsured depositors will receive a receivership certificate for the remaining amount of their uninsured funds. As the FDIC sells the assets of Silicon Valley Bank, future dividend payments may be made to uninsured depositors.&amp;quot;&lt;p&gt;The advance dividend presumably should protect most of the small-business account holders from imminently missing payroll. Presumably after that, there will be a secondary market in receivership certificates, and the question will be how much of a discount these trade at relative to the original account balances.&lt;p&gt;It&amp;#x27;s still a bad situation to be in, but it shouldn&amp;#x27;t be as thoroughly catastrophic as many seem to think.</text></item></parent_chain></comment><story><title>Urgent: Sign the petition now</title><url>https://www.ycombinator.com/blog/urgent-sign-the-petition-now-thousands-of-startups-and-hundreds-of-thousands-of-startup-jobs-are-at-risk/</url></story>