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What incentive does someone like Thiel have to induce a run at SVB?
by stanleydrew 4y ago
What incentive does someone like Thiel have to induce a run at SVB?
- toast0 4y agoPrimarily, his portfolio companies have an incentive to have access to their deposits. He probably gains reputation by advising people to get out of a bank that fails. Although he probably advised them to use it in the first place.
- Spooky23 4y agoIt’s not an incentive thing. It’s a major player creating a panic.