Investors (and the team) were looking at the wrong numbers. In apps, it's basically all down to having meteoric growth week over week. It can't be based on spikes as this was.

Taking money off the table in a B makes sense for the founders, and I can't blame them for leveraging their situation.

Ultimately this falls on the investors for biting on hype, and not having a deeper understanding of the product (and it's potential)or the founders (and their potential).

edited for clarity.