Tag: Jacob Hirshman

Erebor Bank: Crypto’s New Fortress or Next SVB?

Investor Briefing tamir - July 17, 2025

Tech-weapons tycoons Palmer Luckey and Joe Lonsdale are funding Erebor Bank, a charter-in-progress that promises full-stack banking for crypto, AI, and defense startups—right when mainstream lenders still slam the door. We unpack the political tailwinds, regulatory minefields, and the hard numbers that could make—or break—this $2 billion moonshot.

Erebor—The New Digital Bank for Startups and Crypto, Backed by Peter Thiel and Partners

Financial Institutions tamir - July 4, 2025

A consortium of prominent tech billionaires, including Peter Thiel (PayPal co-founder, Palantir co-founder, and Founders Fund principal), Palmer Luckey (founder of Anduril and Oculus), and Joe Lonsdale (co-founder of Palantir and founder of 8VC), is launching a new digital bank named Erebor. This initiative is a direct response to the collapse of Silicon Valley Bank (SVB) in March 2023, which left a significant gap in banking services for startups.

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