# Erebor Dossier Front door for the [[Erebor]] document collection. Erebor is the first **finance-sector** company on the Tier 1 super-watch list. The canonical company record stays at [[Erebor]] in `/Companies/`; this folder (`/Companies/Docs/Erebor/`) holds the deeper material. **Why Tier 1:** Erebor is the one institution where two of [[Peter Thiel]]'s most important protégés, [[Palmer Luckey]] and [[Joe Lonsdale]], co-founded the same company. Each of them otherwise anchors his own corner of the [[Thiel Network]]: Luckey has [[Anduril]], and Lonsdale has [[Palantir]] and [[8VC]]. Erebor is also the network's **money layer**. It holds deposits for, and increasingly lends to, the same defense, AI and crypto companies that [[Founders Fund]], 8VC and [[Lux Capital]] fund. And it is a federally chartered, FDIC-insured bank, so its failure would be a public problem in a way a failed defense startup would not be. **Boundary rule:** documents internal to the company live here: its people, its cap table, its loan book and its regulatory filings. Records that cut across companies keep their own canonical homes and are **linked** from here: funding rounds and loans go in `/Deals/`, discrete events in `/Events/`. One fact, one home. **Lane rule:** what Erebor *did* as a company goes in the [[Erebor Watch Log]]. What Luckey or Lonsdale *said, funded or was investigated for* personally stays in the [[Palmer Luckey News Log]] and the [[Joe Lonsdale News Log]]. > **Bank-specific note:** Erebor is private, so it files no proxy or earnings report. But as a national bank it must file a **quarterly call report** with federal regulators, which makes its balance sheet more visible than almost any private company's. That filing is the backbone of this dossier: [[Erebor Call Reports]]. ## Roster & ownership - [[Erebor Leadership]] — founders, executives, the known board; the Anduril / Palantir / Circle lineage - [[Erebor Investors]] — funding rounds, valuation trajectory, investor overlap with its own borrowers ## Monitoring - [[Erebor Watch Log]] — the running OSINT feed of what changed (looking back) - [[Erebor Calendar]] — known and predicted upcoming beats (looking ahead) - [[Erebor Events]] — index of discrete events and regulatory actions; links to `/Events/` and `/Deals/`, and flags gaps - [[Erebor Call Reports]] — the quarterly balance-sheet ledger from regulatory filings, plus the capital arithmetic - [[Erebor Loan Book]] — the lending ledger: what the bank has lent, to whom, and against what (this takes the place of the Contracts page in the defense dossiers) Cross-company view: [[Companies Watchlist Hub]]. ## Related records elsewhere (linked, not duplicated) - Borrowers → [[Valar Atomics]] - Networks → [[Thiel Network]], [[Palantir Mafia]], [[Founding and Funding Map]], [[Musk-Thiel Funding Map]], [[Crypto-Political Machine]] - People → [[Palmer Luckey]], [[Joe Lonsdale]], [[Peter Thiel]], [[Owen Rapaport]], [[Jacob Hirshman]], [[Mike Hagedorn]] - Regulators → [[OCC]], [[FDIC]], [[Jonathan Gould]], [[Elizabeth Warren]], [[OCC Charter Wave]] - Context → [[Silicon Valley Bank]], [[Signature Bank]], [[Circle]], [[Stablecoin]], [[GENIUS Act]], [[Venezuela]], [[Arsenal-1]] - Sectors → [[Fintech Sector]], [[Cryptocurrency Sector]] ## Document backlog — what to collect next - The **Q3 2026 call report** (as of Sept 30). It is the first that covers a full quarter after the Valar facility, and the first test of whether the bank lends at scale. - A digest of the 2026 funding round once it closes, with the lead, final valuation and new board seats. - The full text of Erebor's **OCC conditional-approval letter** and conditions. The public release lists none; the 12% leverage condition is known only through FT reporting. - Erebor's replies to [[Elizabeth Warren]]'s February and April 2026 letters, if they ever become public. - A borrower list: any Anduril supplier, 8VC or Founders Fund portfolio company, or crypto market-maker that turns up as a borrower. - The status of the Venezuela correspondent-banking talks. ## See Also - [[Erebor]] — canonical company page - [[Companies Watchlist Hub]] — all super-watch companies - [[Anduril Dossier]] — the sister dossier for Luckey's other company - [[Palantir Dossier]] — the reference implementation - [[Fintech Sector]] · [[Companies Hub]]