Teal's Role Scrutinizes Spark of Back Run on SVB

Tech mogul and Republican campaign donor Peter Teal is being accused of sparking the run on the bank that forced regulars to close down the bank. His venture capital firm Founders Fund had pulled all of its funding from SVB as of Thursday morning, according to Bloomberg. The company advised its portfolio companies to withdraw their money from the bank saying there was no downside of moving their money out of the bank.