The story behind Founders Fund and the run on Silicon Valley Bank

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The story behind Founders Fund and the run on Silicon Valley Bank
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One VC firm, founded by Peter Thiel, has found itself at the center of the SVB storm.

to a number of bigger banks. Firm founder Peter Thiel was not part of the conversation.

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 moving money out of SVB.

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