This would kill our company immediately

Episode notes

Jon's back from his first real vacation in years. In this episode, we discuss how we've been removing inactive accounts on Transistor, SVB, Section 174, Revin is shutting down their Merchant of Record service, SaaS sales tax compliance: (00:37) - Jon in vacation mode (02:30) - Kicking off inactive accounts (04:30) - Silicon Valley Bank (06:06) - What is Mercury bank? (13:16) - Section 174 in the USA (19:05) - Sales tax compliance update (25:56) - What could we do? (32:13) - Patreon integration update (34:57) - MyPodStudios (36:33) - Patreon Thanks Links: Matt Levin's excellent summary of the Silicon Valley Bank run Ian Landsman : "This is why I don't use startup-friendly banks (Mercury, etc)" Section 174: join ssballiance.org Revin has shut down its Merchant of Record service Flurly (another Merchant of Record) was shut down by Stripe From the Revin email: “The most relevant reason [we are closing] is that the Merchant of Record model is too risky for both sellers and the MOR operator.