Venture capital used to be about placing small, diverse bets on a lot promising startups - everybody in the process was trying to make the world a better place

Since about 2018, VC game changed - now it's about brazenly placing massive bets on a small set of startups of increasingly questionable utility, using the funds and clout to ram their way through into monopoly positions. Not a speck of morality involved anymore - and nobody is even trying to pretend otherwise

Public image hasn't yet caught up with this reality