It joined other venture funds that took dramatic steps to limit exposure to the now-failed financial institution. Founders Fund also advised its portfolio companies that there was no downside to moving their money away from SVB, even if the risk was low.

For more than a decade, the CIA has run its own venture capital fund called In-Q-Tel, which has become one of the most unusual tech investors in Silicon Valley.

The bank revealed last Wednesday it would have to delay filing its annual 10-K report due to questions from its auditors.