Peter Thiel and His Goons Are Launching Their Own Bank (Yes, It has a Tolkien-Inspired Name)

In 2023, the collapse of the Silicon Valley Bank left a hole in the technology industry. Bank for many years pour Risk startups that allow risky beginnings of the Bay region, to follow various “violators” goals of these companies. Finally, the management caused the collapse. Now the billionaire Palantire Palant is a Peter Thiel and several pals want to fill in the space that SVB has left in the industry.

Once They reported The new bank will be called Erbor, called JRR Tolkien’s “Lonely Mountain” Hobbit. Recall that lonely mountain SMAAG lives in large and terrible dragons. The main literary analysis tells us that SMAAG (like most dragons) is a symbolic embodiment of the Avarick and greed.

In any case, before the EAZEBOR, before the SVB, the starting economy of the technology industry, in the financial time report. A document related to the bank will support the work of “unique institutions to unique enterprises” by calling themselves “to the unique enterprises, especially in the absence of” the fact that they do not reach the credit. ” It is reported to be included in cryptocurrency companies. Although many likely serves many California companies, the bank itself will be located in Columbus, Ohio, FT writes.

Thiel is just one arch. The founder of the package of the package is said to be Palmer Luckey Sensor (Another company stealing his name from Tolkien MTHOS) and VR firm Oculus (buying Facebook in 2014). Other supporters include Palander and co-founder Joe Lonsdale of Thiel’s enterprise’s capital company and co-founder Joe Lonsdale.

In a clear participant, it is a gang of well-debit luminaries dominated in Thiel, Luckey and the more technological industry. The next generation’s starting generation can be converted to the next Facebook or Google in ten years in ten years. He said that this enterprise also has the opportunity to SVB-SVBbe quite inferior and collapse in piles of retreated savings.

The real Takeaway is very needed to end Tolkien’s inheritance to finish Tiolien’s inheritance The owner of the rings. Seriously, how much can a dead author take? At the moment, it is almost like Tiel and makes his kronies mock Tolkieni. What’s next? A drone company named after Nazgûl? I would not have passed on them.