re: Can someone who understands venture-capital explain to me why the uproar?

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At least $42B was successfully withdrawn yesterday. That alone negates your claim of "basically disappeared". On top of that, the securities/treasuries portfolio that caused the run in the first place is still largely intact. They paid like $27B for treasuries that were marked down to $25B or something. The $2B in writedown was enough to start triggering capital ratio events, but as you can clearly see - 93% of the value of those securities was still intact. And presumably you understand those assets will be liquidated to pay off depositors. etc. etc.

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This is correct, the money is not lost or gone, but it’s going to take a long time to unwind if folks want their money right now.