Multiple contemporaneous reports from March 11–12, 2023 describe exactly the situation Chamath outlined: distressed and hedge-fund buyers approaching SVB depositors and offering to buy their uninsured deposit claims at steep discounts, with the low end around 60 cents on the dollar.

• Semafor, cited by Reuters and others, reported that hedge funds were offering to buy startup deposits stranded at SVB "for as little as 60 cents on the dollar," with bids generally in the 60–80 cents range for uninsured deposits in the immediate aftermath of the failure. (investing.com)
• Further coverage identified firms such as HPS Investment Partners and Oaktree Capital Management offering to buy SVB deposit claims at discounts between 60 and 75 cents on the dollar, again within the first couple of days after the bank was seized. (economictimes.indiatimes.com)
• Additional summaries of the episode similarly note that some buyers were offering to purchase SVB client deposits at 60–75 cents on the dollar. (costar.com)

Chamath’s statement that, immediately after SVB’s collapse, a company with large deposits at SVB was offered about 60 cents on the dollar for its claim is therefore consistent with independent reporting on actual bid levels in that time window. While regulators ultimately guaranteed all deposits at par, his claim about the immediate distressed-debt pricing was accurate.