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by stanleydrew 1195 days ago
What incentive does someone like Thiel have to induce a run at SVB?
2 comments

Primarily, his portfolio companies have an incentive to have access to their deposits.

He probably gains reputation by advising people to get out of a bank that fails. Although he probably advised them to use it in the first place.

It’s not an incentive thing. It’s a major player creating a panic.