Peter Thil and its safety is called their own bank (yes, it has a name inspired by Tolkin)

The collapse of Silicon Valley in 2023 left a hole in the technology industry. For years, the bank Pour In the most dangerous startups in the Gulf region, allowing these companies to follow up their various “sabotage” goals. In the end, mismanagement led to the collapse of the business model. Now, the founder of the billionaire Balnter Peter Thy and many of his friends want to fill the void that SVB has left by launching his banking bank to support the most dangerous bets in this industry.

Multiple ports I mentioned The new bank is called EREBOR, called “Mountain Lonly” from JRR Tolkien’s Hobit. If you’ll remember, Lonly is the place where Smaug lives, the great and terrible dragon. The basic literary analysis tells us that SMAG (like most dragon) is a symbolic embodiment of greed and greed.

However, EREBOR – like SVB before that – will transfer money to the economy starting economy, and Financial Times Reports. The bank -related deposit states that it “distinguishes itself” by helping companies that “do not serve well by traditional or sabotage financial institutions, especially with regard to insufficient access to credit.” This will include encrypted currency companies. Although it is likely to serve many California companies, the bank itself will be based in Columbus, Ohio, writes FT.

Thil is just one supporter. It is said that the leader of the package is Palmer Loki, a founder founder Andol (Another company whose name was stolen from Mythos Tolkien) and VR Oculus (which it bought Facebook in 2014). Among the other supporters are Joe Lonsaled, the co -founder of the Baltayr Fund and a founder, the Investment Capital Company in Thil.

One of the clear ready -made meals is that this is another big play by Thiel and Lucey and a prominent star gang that appears to be increasingly dominating the technology industry. Their position can be given as a financial channel in the next generation of startups to influence companies that may, within ten years, to Facebook or Google Next. However, there is also an opportunity for this project – like SVB –The mismanagement is significant And the collapse in a pile of pulled deposits.

The real ready -made meals is that Thil strongly needs to stop Tolkin’s heritage by naming all his nefarious projects after things Lord of the rings. Seriously, how much a dead author can take? At this stage, Thiel is almost similar, and they make fun of Tolkin. What next? A drone called the name of the breeze? Frankly, I will not put it in the past.