Again, @molly0xfff nails it:
"Faced with the choice between the more communal, cooperative choice and the self-serving, every-man-for-himself choice destined to end in a bank run, it should be no surprise which option [the venture capitalists] picked. As the Titanic sank, they were the ones pushing people out of the lifeboats."
https://newsletter.mollywhite.net/p/the-venture-capitalists-dilemma