On Wednesday, Silicon Valley Bank was a well-capitalized institution seeking to raise some capital. Within 48 hours, a panic induced by the very venture capital community such as Peter Thiel that SVB had served and nurtured ended the bank’s 40-year-run. Silicon Valley Bank was shut down on Friday morning by California regulators and was put in control of the U.S. Federal Deposit Insurance Corporation. Prior to being shut down by regulators, shares of SVB were halted Friday morning after falling more than 60% in premarket trading following a 60% declinedRead More