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Some context: "According to @FastCompany, it was Republican billionaire Peter Thiel who started the #SVB withdrawal frenzy, with little basis. Then it snowball
by marvel_boy 4y ago
Some context: "According to @FastCompany, it was Republican billionaire Peter Thiel who started the #SVB withdrawal frenzy, with little basis. Then it snowballed."
Meanwhile Sacks was crying for an "intervention". Pathetic.
- ElijahLynn 4y ago> That same day, Peter Thiel’s Founder Fund advised companies in its portfolio to pull money from the bank, and a host of other venture funds followed suit. https://www.fastcompany.com/90864027/why-svb-failed-silicon-valley-bank-collapse https://www.fastcompany.com/90864027/why-svb-failed-silicon-...
- nawgz 4y agoYes, the Fund which had had issues using the Bank recommended the Fund's Companies stop using the services of the struggling Bank. Seems to me like this is how business would be conducted, I'm not sure where I would look deeper to understand how this is nefarious?
- brightball 4y agoI read earlier today that Thiel and many other people actually took action after reading a reputable newsletter called The Diff.
- brightball 4y agoFound the reference. https://twitter.com/byrnehobart/status/1628779894183272452?s=46&t=alZCBpHQmrOiijvY9w8DwA https://twitter.com/byrnehobart/status/1628779894183272452?s...
- gooseus 4y ago[flagged]
- deleted 4y ago[deleted]