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6 Articles
Peter Thiel is backing Palmer Luckey's Erebor digital bank, but that name has a dark history
Palmer Luckey is launching a new digital bank with backing from Peter Thiel. Erebor takes its name from The Lord of the Rings. It’s the latest in several businesses associated with the two that pay homage to the fantasy books. Peter Thiel has signed on to back Palmer Luckey’s latest startup, a digital bank for startups and cryptocurrency companies named Erebor. Thiel’s Founders Fund has reportedly invested in the bank in an ongoing round. 8VC, t…
Can Peter Thiel’s Fellowship of Billionaires Replace Silicon Valley Bank?
Billionaire investor Peter Thiel is back with another Tolkien-inspired venture: Erebor. The bank, named after the mountain where the dragon Smaug hoards his treasure, plans to serve tech startups and crypto companies. Thiel is part of a group of investors led by Palmer Lucky, the cofounder of Anduril — which, yes, is a reference to “The Lord of the Rings.” Jon Lonsdale, the cofounder of defense tech company Palantir, is also part of the group, …
Peter Thiel is backing Palmer Luckey's Lord of the Rings-inspired digital bank, but the name has a dark history
Palmer Luckey is launching a new digital bank with backing from Peter Thiel. Erebor takes its name from The Lord of the Rings. It’s the latest in several businesses associated with the two that pay homage to the fantasy books. Peter Thiel has signed on to back Palmer Luckey’s latest startup, a digital bank for startups and cryptocurrency companies named Erebor. Thiel’s Founders Fund has reportedly invested in the bank in an ongoing round. 8VC, …
Peter Thiel Says AI Is Like the Internet in the Late '90s — 'More Than a Nothing Burger' But 'Less Than a Total Transformation'
If you've been waiting for A.I. to launch us into a Jetsons-style utopia where Martian real estate is booming, Peter Thiel's here to lower your expectations — with his usual dry bite. Last week, The New York Times published an edited transcript of its "Interesting Times" podcast episode titled…
Thiel Seeks to Coronate in New Bank! In the dizzying financial world, Peter Thiel is taking a bold step with his plans to launch Erebor, a new bank designed to replace Silicon Valley Bank. With a focus on startups and cryptocurrencies, Thiel seeks to transform the financial ecosystem and offer new opportunities to the technology sector. A Necessary Turn in the Banking World The collapse of Silicon Valley Bank left a huge vacuum in the industry, …
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