Palmer Luckey Launches Erebor Digital Bank with Backing from Peter Thiel
Entrepreneur Palmer Luckey teams up with venture capitalist Peter Thiel to introduce Erebor, expanding Thiel’s portfolio of 'Lord of the Rings'-inspired ventures.
Summary
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Terms & Concepts
Digital Bank: An online-only financial institution that offers banking services without physical branches.
Venture Capitalist: An investor who provides capital to startups or small businesses with high growth potential in exchange for equity.
Palantir: A technology company co-founded by Peter Thiel, specializing in big data analytics.