Tech Billionaires Back Erebor in the Wake of Silicon Valley Bank Collapse

Palmer Luckey Joe Lonsdale Starting Bank Business


“What I imagine is going on here is that should this become a new chartered bank … the bank would be providing this ‘cash in, obfuscated crypto out’ type of a product that would allow these agencies to be able to make payments,” he says.

Anduril also knows how to sell to the US government, and Erebor can use some parts of Anduril’s growth strategy, says Rory McDonald, a business school professor at the University of Virginia who has studied Anduril. In Anduril’s case, Palmer Luckey and his cofounders started by targeting the US…



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