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The current strategy of venture capital is not success, but sabotage
It's not good enough for you to be doing well, you have to strangle the competition and introduce yourself as an unremovable bottleneck
For example, becoming the intermediary between concerts and concert goers. The fees charged and the trouble caused is worse than if they hadn't been there.
Amazon makes examples out of any business that dare challenge it's dead zone around it.
VC money is meant to crush the competition and lock in the consumer to charge rent.
Why would they ever want worker control, or unions?
Why would the private healthcare industry ever stop lobbying against socialized healthcare? Why would a capitalist success ever lead to the political change necessary for it when the doctrine of capitalism is privatization
Why would any commercial real estate firm allow affordable housing to exist when they can scalp it on investment properties and leave them empty? Why build affordable housing when the margins are small?
Capitalism isn't a savior, it's just locally optimal to the people with capital.
This is not anything close to correct lol. VCs specifically do not invest in mature companies or they aren't VCs.
All housing built helps other housing come affordable because it increases supply. You are correct that there is little purpose intentionally building less valuable housing