I would argue that Silicon Valley Bank isn't just like any other bank because they catered to relatively few customers (compared to other banks their size) who had large deposits. Look at how small a percentage of their deposits were insured compared to other banks:
That makes a run on it much more likely, and is also why they should have been more conservative in maintaining liquidity.
And while maintaining confidence in the banking sector is important, it's also not the government's job to protect a bank and venture capitalists from the fallout of their own terrible and risky decisions. The federal government lifted regulations at the behest of banks like this, and now taxpayers are supposed to pay for their mismanagement by funding the uninsured deposits?
Luckily in this case, it doesn't seem like the bank is anywhere near insolvent, they just won't be able to come up with the funds until they sell off their T-Bills. But depositors should get the vast majority of their funds back eventually.