It's true that VCs have moved a lot of eventually worthless equity but they've also moved a lot of really valuable equity. Google, Amazon, Genentech, Oracle, et

It's true that VCs have moved a lot of eventually worthless equity but they've also moved a lot of really valuable equity. Google, Amazon, Genentech, Oracle, etc. are companies with real, fundamental long-term value which could not have existed without some kind of investor (whether you call it a "VC" is largely semantic).