When you blow out the candles for a celebration the smoke tends to stick around for a while. In lieu of the announcement of their recently launched self-branded smart tv’s Roku’s stock suffered an unhealthy bite when they reported that over 1/4th or 487 million dollars of cash is held up in the Silicon Valley Bank (SVB) debacle.

In a press release Roku announced, “At this time, Roku does not know to what extent the Company will be able to recover its cash on deposit at SVB.”

Roku still expects to operate and meet their capital and contractual obligations for the next 12 months and moving forward.

With close to a half billion dollars being held up can Roku afford to launch their own line of smart tv’s? Any company’s first product is usually the experimental phase so some form of failure is expected. The FDIC only insures up to $250,000 which is a small percentage of Roku’s deposit, also keep in mind that tech companies are really struggling right now and the icing on the cake is that SVB was a bank that supported tech companies and start-ups.