Whilst most VCs aren't doing anything anywhere near as patently unethical as funding a Clickfraud-as-a-Service app, if they're "disrupting" competition through little more than willingness to make negative profit margins on each sale, that competition ends up just as screwed if their pockets aren't as deep. Either if way they're spending money on making you poorer rather than themselves richer in the short term it's not unreasonable to point fingers.

Admittedly, incumbent monopolists are usually far more cynical in this regard, but they're also more likely to get slapped by regulators for this kind of behaviour.