On the contrary, I see the VC influence on American tech has been incredibly destructive. No one builds companies or products or services to last. Everyone is only in it for the quick buck. Basically every service provided by big tech has turned into a chase to cover it with ads and seek as much rent as possible while never actually improving anything. The state of software has gone downhill precipitously in the past decade and it’s only getting worse as VCs gain more and more control over the entire economy from housing to education to financial services to insurance.
"... seek as much rent as possible ..." I think this is sorely understated in the context of understanding Europe's regulatory environment vis-à-vis American big tech companies or targeted advertising-supported (read: personal data mining) software startups.
We need to remember that Europe is the continent that gave us extractive colonialism. A player always knows their own game.
