News for hackers. Stuff that matters.

A comment on Peter Thiel's Founders Fund pulled cash from SVB before collapse: Report. Parent comment

Re:Peter Thiel's Founders Fund pulled cash from SVB before c... by ayewo on Sunday March 12, 2023 @12:13PM (#35121910)
Do you have any links handy?
[ Parent | on HN ]
Re:Peter Thiel's Founders Fund pulled cash from SVB before c... by mannerheim on Sunday March 12, 2023 @12:29PM (#35122151)
https://twitter.com/itsurboyevan/status/1634603869752766471
[ Parent | on HN ]
Re:Peter Thiel's Founders Fund pulled cash from SVB before c... by jboggan on Sunday March 12, 2023 @12:41PM (#35122360)
Here, buried in the bottom of the comments, is the most useful piece of information in the entire section.

My question is what else has this fellow identified and what have Thiel et al. read and internalized?

[ Parent | on HN ]
Re:Peter Thiel's Founders Fund pulled cash from SVB before c... by dopeboy on Sunday March 12, 2023 @01:09PM (#35122822)
Agreed. The headline and article are classic click bait. Folks should read the tweet above for the full details.
[ Parent | on HN ]
Re:Peter Thiel's Founders Fund pulled cash from SVB before c... by reducesuffering on Sunday March 12, 2023 @01:20PM (#35122985)
SIVB's issues were outlined far before that Twitter analysis https://seekingalpha.com/article/4565388-svb-financial-blow-...

Dec. 2022:

"Unfortunately, the flipside of the tech bubble is fairly ugly for the company with added pressure coming from higher operating costs, higher costs of deposits, and unrealized losses in its htm (hold to maturity) fixed income portfolio. Both these htm losses and potential losses from the loan portfolio could wipe out book equity value."

[ Parent | on HN ]