> They need to get liquid

Benchmark or Uber's employees who hold illiquid common stock?

Benchmark.

At least that's according to this throwaway but highly upvoted comment [0] from some days ago.

[0] https://news.ycombinator.com/item?id=14983957

The urgency is never quite explained. If Benchmark needs to wind down a fund, they can just distribute shares directly to LPs.

Why?