Peter Thiel's Founders Fund got its cash out of Silicon Valley Bank before it was shut down, report says

• Peter Thiel's Founders Fund withdrew all its funds from Silicon Valley Bank, Bloomberg reported. 
• His VC fund took action after encountering problems with transfers, per the report.
• The fund had no cash in with SVB by Thursday morning, Bloomberg reported.

Peter Thiel's Founders Fund had no cash left in Silicon Valley Bank by Thursday as it began to unravel, Bloomberg reported.