I agree with the overall point, but as a pedantic aside, it's private equity rather than venture capital.
Venture capital tries to grow startups and small companies hoping for a breakout success (think shark tank)
Private equity buys and guts companies, then tries to sell them for a profit
QuantumCat
The reason the game industry keeps laying people off and canceling games despite consumer appetite is because the game industry doesn’t exist any more. It’s been subsumed into the black hole of venture capital, which deliberately believes there is value in treating every industry the same.
