>The fact that VCs exist and thrive proves that they are following what is right for them.

Correlation does not imply causation. I can imagine a world where VC's invest in research and teams instead of ideas and goals.

What if there was a 500hackers where 500 competent hackers from different fields under one roof get paid well enough to work on a variety of ideas? If I were a VC, I would definitely want a part of the action. Sort of like a modern day Bell Labs.