Skip to Main Content

Peter Thiel: I Had $50 Million Stuck During Silicon Valley Bank Run

CASH IN LIMBO

Thiel’s venture capital firm reportedly accelerated the bank run by telling its portfolio companies to withdraw their cash.

Noah Kirsch

Wealth and Power Reporter

Published Mar. 16 2023 2:20PM EDT

2016-07-22T120000Z_943539905_HT1EC7M048AAP_RTRMADP_3_USA-ELECTION-REPUBLICANS_r1uvgc — REUTERS/Mike Segar

Noah Kirsch

Noah Kirsch

Wealth and Power Reporter

Got a tip? Send it to The Daily Beast here.