Earlier quoted context omitted.
> it could be that Ammon was given a choice: triple profits by end of year or sell his share That seems unbelievably unlikely.
Pardon my ignorance, but what insight or experience leads you to this conclusion? Venture capital is quite the opposite of passive investing. I guess everyone on here is well aware investors are not doing it for fun but first and foremost for protecting and, ideally, multiplying their assets.
VCs also like to be able to attract the best founders by being 'founder-friendly' and replacing a founder hurts that image. Starting a company is hard enough - you don't really want investors who add to the pressure.
From what I've heard, COVID seems to have stopped new investments (outside of companies that have gotten a boost from COVID) so that VCs can focus on their existing portfolios.