GoKawiilEssay argues a small clique of billionaires has hijacked venture capital into 'Cancer Capital'
A former startup CEO who has raised tens of millions in VC funding argues that traditional venture capital, once about backing founders to build companies, has been co-opted by a small group of extremely wealthy investors. He says this cohort now operates with little accountability to markets, regulators, or voters, using the VC label to pursue a broader ideological agenda rather than genuine innovation.