- Thiel has been widely accused of adding momentum to the bank run that triggered Silicon Valley Bank's implosion: one day before the bank's failure, Thiel's venture firm, advised all clients to pull their deposits out.
- Despite advising clients to pull their cash from Silicon Valley Bank last week, billionaire tech mogul Peter Thiel said he had a large sum of his own money tied up in the doomed bank when it collapsed on Friday.
