Why did life take so long to become multicellular?

This question was asked 14½ years ago in a thread titled “Multicellular evolution – the 2BY gap.”

The conclusion was that oxygen, manufactured by one-celled creatures, was a prerequisite for higher life, and it took a long while to get sufficient oxygen. Dopers seemed satisfied … but 12 years later someone bumped that thread to ask if there were any other ideas. Being a narcissist, I’ll repeat my answer to the bump: