Last updated Nov 29, 2025
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By Monday or Tuesday following this March 11, 2023 recording (i.e., March 13–14, 2023), most affected portfolio companies and employees will be on the other side of the immediate SVB crisis with relatively limited damage.
hopefully everybody ends up on the other side of this by Monday or Tuesday with not a lot of damage.View on YouTube
Explanation

Chamath’s prediction was that by Monday or Tuesday after the March 11, 2023 recording, affected companies and employees would be “on the other side” of the SVB crisis with “not a lot of damage.” This quote and its timing are confirmed in the episode transcript, where he expresses hope that founders and employees will be through the immediate crisis by Monday or Tuesday. (podscripts.co)

What actually happened aligns closely with that forecast:

  1. All deposits were guaranteed and made available starting Monday, March 13. On March 12, the U.S. Treasury, Federal Reserve, and FDIC issued a joint statement saying all Silicon Valley Bank depositors would be “fully protected” and that “Depositors will have access to all of their money starting Monday, March 13.” (theguardian.com)
  2. A bridge bank was created so normal banking could resume immediately. The FDIC converted the receivership structure into Silicon Valley Bridge Bank, N.A., transferring all deposits (insured and uninsured) and reopening branches with normal hours and services on Monday, March 13, giving customers full access via ATMs, debit cards, checks, and online banking. (hunton.com)
  3. Most startups regained access to funds on March 13 and resumed operations. Contemporary reporting and later summaries note that many technology entrepreneurs and startup founders regained access to their deposits on March 13 and immediately began wiring funds to new banks and payroll processors so they could meet payroll and operating expenses. (en.wikipedia.org)
  4. The feared “extinction event” for startups did not materialize. While the collapse caused a weekend of intense stress and some short-term operational disruptions (e.g., delayed payroll runs, scrambling to re-paper banking relationships), the combination of full depositor protection and the bridge bank structure meant that startups and their employees generally did not suffer permanent loss of deposits or mass closures attributable directly to frozen SVB funds. The real losses fell on SVB’s shareholders and certain creditors, and the broader banking system bore costs via special assessments, not on depositors or employees of portfolio companies. (financialhorse.com)

Given that by Monday–Tuesday (March 13–14, 2023) most affected startups had regained access to their money and were able to continue operations, and the worst-case scenario of widespread company failures and unpaid employees was largely averted, Chamath’s prediction that the immediate crisis would be mostly past for companies and employees with “not a lot of damage” is broadly right (acknowledging there was short-term stress and some localized disruption, but not the systemic wipeout that had been feared).