A part that rubs people wrong is that they have no choice and competition doesnt exist outside the vc ecosystem. VC can subsidize a non profitable model for a decade often with an ipo that isnt profitable for another decade of net zero value creation. It isnt capitalism.
It is a pay to play game where if you are not in the club, you have little chance of playing let alone winning.
The cherry on top is the culture of cheating, lying, stealing, and all kinds of other “disruptive” tactics is actively encouraged and cheered on. This is while claiming to be altruistic too.
The public is growing a strong deep hatred of sv, whose only response seems to be calling everyone poor and laughing. It is sad, because I still think technology is a force for good.