Why every logo needs a one-color version
Sooner or later something will refuse to print your colors. A rubber stamp, an embroidered shirt, an engraved sign, a fax to a supplier, a single-color newspaper advert, a transparent vinyl decal.
When that happens, somebody has to produce a one-color version, and if it is produced in a hurry by whoever is nearest the deadline, it tends to be produced badly. Having it ready means it is made deliberately instead.
The other reason is that a mark which works in one color is usually a stronger mark. Color can hide a weak shape; take it away and the shape has to carry everything.