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Peter Thiel and His Associates Are Creating Their Own Bank (And Yes, It Features a Tolkien-Inspired Name)
Silicon Valley Bank’s collapse in 2023 left a hole in the tech industry. For years, the bank poured money into the Bay Area’s riskier startups, allowing those companies to pursue their various “disruptive” aims. Eventually, mismanagement led that business model to collapse. Now, billionaire Palantir founder Peter Thiel and several of his pals want...
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