I see SpaceX and Tesla as different. They are engineering/manufacturing companies and have a legitimate need for venture capital to help meet the very heavy cap

I see SpaceX and Tesla as different. They are engineering/manufacturing companies and have a legitimate need for venture capital to help meet the very heavy capex demands on such companies in their first 10 or so years. (I also wouldn't include Cloudflare). What I don't like and would describe as unhealthy is the use of venture capital to massively scale software companies, usually in a 'free-service' model, until they have grown to monopolise the market and can then be 'monetised'. I think that is a very toxic model. And no, I didn't mean to push buttons. I was only objecting to the assumption made in the original comment to which I replied. My viewpoint is far from unique, however much it may come as a surprise to you.