I think VC is great, but the way it's mostly done is worse than cancer to a company. You need to have VC that is rotating, and brings connections to the game and consulting. It should be rather international and every single investor should be a minor holder.
Once again it's all about decentralization. That's why I hate the idea of ETH being so big, VC or not, they have some major stakeholders and that can fire back in a horrific way.
That is true about ETH especially how it is structured. The consensus mechanism of PoS is going to make those large stake holders even more powerful.
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That is an interesting way to say, it'll be broken at work but still very functional for now.