Your money's not here, it's in Jim's startup and Nancy's hedge fund
Unease is spreading across the financial world as concerns about the stability of Silicon Valley Bank prompt prominent venture capitalists including Peter Thiel’s Founders Fund to advise startups to withdraw their money.
SVB Races to Prevent Bank Run as Funds Advise Pulling Cash
Unease is spreading across the financial world as concerns about the stability of Silicon Valley Bank prompt prominent venture capitalists including Peter Thiel’s Founders Fund to advise startups to withdraw their money.
Katie Roof
Katie Roof, Hannah Miller, Gillian Tan and Priya Anand writing for Bloomberg:
Unease is spreading across the financial world as concerns about the stability of Silicon Valley Bank prompt prominent venture capitalists including Peter Thiel’s Founders Fund to advise startups to withdraw their money.
You have to imagine that on the streets of Palo Alto this morning, it feels a bit like Bedford Falls. The only question is, will Silicon Valley’s modern day Mr. Potter try to buy up more of the town?