[opportune]

I have many reasons to dislike Thiel but being first in line for a bank run is not one of them.

SVB would likely have had a run eventually given that the increased withdrawal/desposit ratios of a cooling VC market would have eventually forced them to lower interest on customer deposits very low compared to other banks (because they had a lot of underperforming assets in their books in their HTM portfolio), at which point a lot of deposits would have been moved elsewhere naturally, forcing the sale of non-HTM securities and probably eventually forcing the sale of HTM securities at a loss (triggering insolvency).