That's a cute viewpoint, but the mere mortals get screwed, same as always.
Let's say a VC invests $2.4 million dollars in a company. Let's assume the company does well and sells out to Facebook for $2.3 billion. The VC, being wise in the ways of finance, profits handsomely from that $2.3 billion.
What if, instead of a VC investing $2.4 million dollars, it was a large collection of mortals each investing a small sum, say $300.
The collection of mortals would simply give the company $2.4 million, and after selling out to Facebook, the company... screws over the puny mortals and simply pockets it all.
Sure, the company gets to keep out the eeeeevil VC and bankers, but the little guy sees no return on their $300.
Yay?
Wait, no, we all got a shiny Oculus Rift out of the deal to play with.
Let's say a VC invests $2.4 million dollars in a company. Let's assume the company does well and sells out to Facebook for $2.3 billion. The VC, being wise in the ways of finance, profits handsomely from that $2.3 billion.
What if, instead of a VC investing $2.4 million dollars, it was a large collection of mortals each investing a small sum, say $300.
The collection of mortals would simply give the company $2.4 million, and after selling out to Facebook, the company... screws over the puny mortals and simply pockets it all.
Sure, the company gets to keep out the eeeeevil VC and bankers, but the little guy sees no return on their $300.
Yay?
Wait, no, we all got a shiny Oculus Rift out of the deal to play with.