Despite advising clients to pull their cash from Silicon Valley Bank last week, Peter Thiel, a billionaire tech mogul, said that he had a large sum of his own money tied up in the doomed bank when it collapsed on Friday. Axios, Neil Ruthven, the CFO of Founders Fund, said that on "Thursday morning it was clear we were in the middle of a bank run, and we reacted in line with our fiduciary duties. Axios, Neil Ruthven, the CFO of Founders Fund, said that on "Thursday morning it was clear we were in the middle of a bank run, and we reacted in line with our fiduciary duties