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Our (my) favorite villain for one: > Peter Thiel’s Founders Fund, Coatue Management, Union Square Ventures and Founder Collective all advised their startups t
by consumer451 4y ago
Our (my) favorite villain for one:
> Peter Thiel’s Founders Fund, Coatue Management, Union Square Ventures and Founder Collective all advised their startups to pull their cash from the bank, people familiar with the matter said.
https://fortune.com/2023/03/11/silicon-valley-bank-run-42-billion-attempted-withdrawals-in-one-day/ https://fortune.com/2023/03/11/silicon-valley-bank-run-42-bi...
- bcrosby95 4y agoIt's funny that the very same people that caused a run on the bank are likely lobbying the government to make the companies they invested in whole.
- AlchemistCamp 4y agoThat’s not how bank runs work. The people who run first get their money out. It’s the ones who didn’t start the bank run that lose their money.
- deleted 4y ago[deleted]
- FireBeyond 4y agoYeah, I'm sure Thiel has some friends at the executive/C-level of SVB, if not the board, given all the business he pushes their way...