# Is Aquagga exposed to the SVB Bank run? | Aquagga, Inc.

- Canonical URL: https://wefunder.com/feed/162097
- Entity ID: wefunder:feed_item:162097
- Published at: 2023-03-13 19:09:11 UTC
- Updated at: 2025-07-09 03:23:04 UTC

## Author
Nigel Sharp

## Subject
Aquagga, Inc.

## Content
Dear followers and investors, just getting ahead of this question. Aquagga Inc. is highly fortunate that we have little exposure to the Silicon Valley Bank (SVB) collapse / run on the bank, that occurred over this past week. We may use some smaller software cloud services that may have had exposure but none of these are critical to our daily operations and currently we've not had to adjust any operations.Aquagga, Inc. is very fortunate to be primarily funded by multiple Federal agencies and sitting on a healthy/profitable balance sheet, our day to day operational funds are stored in an FDIC insured institution (which we generally keep close or around the insured limits) and with our government contracts we make monthly draws on from larger contracted pools of money to top up our cash balances. Dollars already invested into this campaign have largely already been transferred to our company and are secure. That being said the overall impact of the SVB collapse and the Venture Capital market is still TBD, and our hearts go out to many other founders who are sitting in much more uncertain times. There may be even greater need in the coming months for startups to also leverage 'community rounds' on platforms like WeFunder to make up for runway shortfalls and disruptions, driving even more opportunity for impact to folks with any level of net worth as startups can all benefit from having larger pools of diversified investors. If you do have any questions or concerns, do feel free to reach out. Else the campaign continues, and we're staying hard at work on our mission to End PFAS.