Funds flowing to proven creators, successful entrepreneurs and shrewd investors is a good thing because those are exactly the people who know how to deploy those assets productively.
Having said all that, I've no idea specifically about Carmack.
How to link investors up with startups and growth opportunities in businesses is an old problem that ideally needs multiple solutions available.
[rant]I think the success of capitalism has partially been the reward mechanism, but it's also been that it allows and encourages multiple mechanisms for capital to link up with investment opportunities. The alternatives have all offered grand ideal, theoretically perfect mechanisms for the distribution and allocation of assets. It's not that those mechanisms are necessarily all useless, I do think a degree of state capitalism and central planning for really big, long term or essential projects have their place, but they can't be the only solution. At it's core capitalism is about individual freedom, and that includes the freedom to own your own small business, or to aggregate together into large group enterprises like banks and corporations, or to vote for governments that fund essential services. These are not natural opposites IMHO, and ideologies on the left or the right that force them into opposition do so only because they themselves are flawed.[/rant]