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Peter Thiel told the Financial Times that SVB held $50 million of his own money when it collapsed. Some have blamed Thiel for the bank run on SVB after he told Founders Fund clients to pull...
Mar 11, 2023 · Peter Thiel's Founders Fund withdrew all its funds from Silicon Valley Bank, Bloomberg reported. His VC fund took action after encountering problems with transfers, per the report.
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What happened to Peter Thiel's Founders Fund?
Mar 14, 2023 · Firm founder Peter Thiel was not part of the conversation. One source says that the assumption was that they'd return the money to SVB after the crisis had ended. Discussions began later that morning with some members of Founders Fund's investment team who, once alerted to possible solvency issues, began speaking with portfolio companies about ...
- Dan Primack
Mar 17, 2023 · One possible answer is the involvement of Peter Thiel’s Founders Fund in the bank run. Thiel is one of the biggest donors to the Republican Party . A mysterious anonymous someone told Axios...
Mar 9, 2023 · Founders Fund, the venture capital fund co-founded by Peter Thiel, has advised companies to pull money from Silicon Valley Bank amid concerns about its financial stability, according to people...
- 3 min
- Katie Roof,Gillian Tan
Mar 11, 2023 · Peter Thiel ’s Founders Fund had no money with Silicon Valley Bank as of Thursday morning as the bank descended into chaos, according to a person familiar with the matter. Founders Fund withdrew...
Mar 16, 2023 · Peter Thiel said he had $50mn in Silicon Valley Bank when it went under, even after his venture fund warned portfolio companies that the tech-focused lender was at risk.
