Must be nice to have access to the kind of info where you can act before others.
>> But the firm learned that its limited partners were encountering issues using SVB services as they tried to transfer the funds — they weren’t immediately going through as expected, the person said. Quickly, Founders Fund asked its investors to transfer the money to other banks instead. The fund acted to ensure that startup funding deals that were slated to close in the coming days were not delayed, the person said.
Having issues with SVB services seems like a legitimate source of info.
This though was not in Thursday.