[smt88]

I agree with you and see your point, but many businesses (especially B2C and high-tech) can't get to profitability without millions in venture capital.

Venture capital is high-risk and high-reward, and investors won't gamble millions without a chance for a massive return.

Massive returns usually happen at large scale.

If you want more companies like yours and fewer like, say, Twitter, then venture capital would need to be a charity.

[ganeshkrishnan]

Why also explains why "World Changing" investors are investing in "meme chats" and "gif keyboards".

Gavin Belson is not a fictitious character; he is literally the snapshot of a typical investor.