I switched because I lost all trust in LastPass.
Managing credentials and sensitive information is all about trust. The second I lose trust in that kind of service, I don't just stop using it, I will most likely never even consider coming back as a customer and I will warn people against them. I don't give second chances to services that are trust based.
I'm pretty happy with Bitwarden so far. But if they betray my trust I'll be out of there in a day, never to return. I switched from LastPass to Bitwarden in a day. LastPass never gets a second chance.
What the VCs have to understand is that if their greed makes them push Bitwarden to engage in silly tactics, they risk driving away their customer base.