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if you’re an influential figure your words alone can trigger a bank run that wouldn’t have happened if you said nothing Imo the question isn’t whether Thiel pr
by tempsy 4y ago
if you’re an influential figure your words alone can trigger a bank run that wouldn’t have happened if you said nothing
Imo the question isn’t whether Thiel privately emailed founders advising them to pull money but whether they made a decision to leak their advice to the press to incite broader panic (eg how did Thiel’s advice make it into the headlines to begin with? who tipped off reporters?)
There is plenty of evidence that Founders Fund wanted to fan the flames: a Founders Fund partner literally published a “some VCs are saying to pull money out” the night before. Not sure how anyone can read this and think there was no intent to broadcast panic.
https://www.piratewires.com/p/some-vcs-advising-founders-to-take https://www.piratewires.com/p/some-vcs-advising-founders-to-...