Public or private ownership has no relevance to profitability. If a VC can invest in a “losing” company, how is that any different than allowing public markets

Public or private ownership has no relevance to profitability. If a VC can invest in a “losing” company, how is that any different than allowing public markets to do the same? The loss is priced into the stock and with a “losing” stock there is opportunity for upside just as much as a “winning” stock — the public ought to be allowed to be allowed to have a piece of that opportunity just as readily as private markets.