SVB Collapse: Billionaire Peter Thiel Had Millions Blocked in Failed Bank

Founders Fund, founded by the investor Peter Thiel, is accused of having accelerated the depositor run that brought down Silicon Valley Bank.

Before regulators decided to close Silicon Valley Bank  (SIVB) - Get Free Report on March 10, numerous press reports indicated that Founders Fund, the venture capital firm founded by the billionaire Peter Thiel, had asked the companies in which he had invested to quickly withdraw their money from the bank. 



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