You might not be familiar with this key component of the SVB collapse story: https://www.msn.com/en-us/money/other/svb-collaps-peter-thie...
It does seem that VCs are not just a convenient scapegoat, but a big part of the story.
It does seem that VCs are not just a convenient scapegoat, but a big part of the story.
What was Thiel supposed to do, keep quiet about the problems at the bank and hope nobody else noticed? Then some other guy can be first to withdraw and take the blame, while Thiel gets soaked? Or maybe nothing happens, and the bank takes on even more deposits and fails even more spectacularly a year from now, and then people blame Thiel because he knew back in 2023 and didn't tell anyone?