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Silicon Valley Bank: An ‘It’s a Wonderful Life’ bank run for the digital age
- toss1 4y agoFrom 2nd paragraph: >>The run began on Thursday, when a powerful Silicon Valley VC—Peter Thiel’s Founders Fund—began advising its portfolio companies to withdraw their money from SVB. Other VCs soon caught wind of the advisory and began advising their own portfolio companies to withdraw funds from SVB.