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Next story will be much more interesting about how he shorted SVB before he started a bank run.
by iakh 4y ago
Next story will be much more interesting about how he shorted SVB before he started a bank run.
- cloudking 4y agohttps://www.bloomberg.com/news/articles/2023-03-09/founders-fund-advises-companies-to-withdraw-money-from-svb https://www.bloomberg.com/news/articles/2023-03-09/founders-... Advised his companies to withdraw on Thursday, bank shutdown on Friday
- SkyPuncher 4y agoTo be clear, most VCs advised the same. This was a massively-multiplay prisoners dilemma - with withdrawing your being the safest option. Same thing happened at the start of the pandemic. Even if you thought the panic buying was overblown, you couldn't afford to be left with empty shelves if things got bad.
- collegeburner 4y agoman just did another double on his roth IRA