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> 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. ht
by 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?