Peter Thiel Reveals $50M Investment in Collapsed Silicon Valley Bank
TL;DR Summary
Billionaire Peter Thiel has revealed that he had $50m of his own money "stuck" in Silicon Valley Bank when it collapsed last week. Thiel's Founders Fund was advising companies to move their money from the bank, a decision that has been widely blamed for precipitating its failure. Thiel said he believed the bank would not fail. The US government quickly moved to guarantee that all of Silicon Valley Bank's depositors would get their money, including Thiel.
- Billionaire Peter Thiel claims he has $50m of his own money stuck in SVB fall The Guardian
- Peter Thiel said he had $50M in SVB when it collapsed: report Business Insider
- Peter Thiel's role in SVB collapse under scrutiny CNN
- SVB's collapse exposes the huge carry trade problem Financial Times
- Peter Thiel says he had $50M in Silicon Valley Bank when it shut down Fox Business
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