{"id":9317,"date":"2023-03-16T22:37:14","date_gmt":"2023-03-16T21:37:14","guid":{"rendered":"http:\/\/costops.com\/index.php\/2023\/03\/16\/billionaire-peter-thiel-claims-he-has-50m-of-his-own-money-stuck-in-svb-fall\/"},"modified":"2023-03-16T22:37:14","modified_gmt":"2023-03-16T21:37:14","slug":"billionaire-peter-thiel-claims-he-has-50m-of-his-own-money-stuck-in-svb-fall","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2023\/03\/16\/billionaire-peter-thiel-claims-he-has-50m-of-his-own-money-stuck-in-svb-fall\/","title":{"rendered":"Billionaire Peter Thiel claims he has $50m of his own money stuck in SVB fall"},"content":{"rendered":"<p>In the wake of the bank\u2019s crisis, venture capitalists have been trading accusations over who is responsible for the collapse<\/p>\n<p>Facing heat for his investment fund\u2019s role in triggering the run on the Silicon Valley Bank last week, billionaire Peter Thiel told the Financial Times that he had $50m of his own money \u201cstuck\u201d in the bank when it collapsed.<\/p>\n<p>Even as Thiel\u2019s Founders Fund was advising companies to move their money from the bank, a decision that has been widely blamed for precipitating its failure, Thiel said that he kept a portion of his own $4bn personal fortune in the bank.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/business\/2023\/mar\/16\/peter-thiel-silicon-valley-bank-collapse-blame-founders-fund\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/faea06f497a91ccf19caf936731292bef63e5aae\/0_397_6048_3627\/master\/6048.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=1b9e91c4c7c5fc199d864344632f92ad\" title=\"Billionaire Peter Thiel claims he has $50m of his own money stuck in SVB fall\" \/>In the wake of the bank\u2019s crisis, venture capitalists have been trading accusations over who is responsible for the collapse<br \/>\nFacing heat for his investment fund\u2019s role in triggering the run on the Silicon Valley Bank last week, billionaire Peter Thiel told the Financial Times that he had $50m of his own money \u201cstuck\u201d in the bank when it collapsed.<br \/>\nEven as Thiel\u2019s Founders Fund was advising companies to move their money from the bank, a decision that has been widely blamed for precipitating its failure, Thiel said that he kept a portion of his own $4bn personal fortune in the bank. Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the wake of the bank\u2019s crisis, venture capitalists have been trading accusations over who is responsible for the collapse Facing heat for his investment fund\u2019s role in triggering the run on the Silicon Valley Bank last week, billionaire Peter Thiel told the Financial Times that he had $50m of his own money \u201cstuck\u201d in &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2023\/03\/16\/billionaire-peter-thiel-claims-he-has-50m-of-his-own-money-stuck-in-svb-fall\/\"> <span class=\"screen-reader-text\">Billionaire Peter Thiel claims he has $50m of his own money stuck in SVB fall<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":9318,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/9317"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=9317"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/9317\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/9318"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=9317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=9317"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=9317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}