Sounds to me that the VC funders think that they're not going to get an exit via IPO so the only exit where they can possibly get a 10 fold ROI is to sell it.

Sounds to me that the VC funders think that they're not going to get an exit via IPO so the only exit where they can possibly get a 10 fold ROI is to sell it. And the only way to demand a higher price at sale is users. Lots of locked in users.