
Erebor Bank: Luckey & Thiel’s SVB Successor
The collapse of Silicon Valley Bank (SVB) in March 2023 sent shockwaves through the tech world, leaving a gaping hole in the financial ecosystem that catered to startups, crypto firms, and the innovation economy. Now, a consortium of tech heavyweights, led by Palmer Luckey, the co-founder of defense contractor Anduril, and backed by Peter Thiel…