VCs are not the root cause. You're not looking hard enough for counterexamples.
Examples of software companies that didn't take VC money that many consider to be "user hostile" are:
- Intuit -- see 1-star reviews on Amazon of annual Quicken releases and forced upgrades of buggy software that nobody wants
- Autodesk -- expensive licensing and stagnant features and bug fixes in Revit, 3ds Max, etc
- Microsoft -- list of various user complaints over decades are well known [pedantic alert: MS took a little bit of VC money from David F. Marquardt but they didn't need it because they were already profitable with cash in the bank; they just wanted DFM as an advisor for their upcoming IPO]
The real root cause of "user hostility" is that companies are run by humans and humans are self-serving and want to make more money. E.g. Look at COVID causing some colleges/universities cancelling in-person classes and refuse to refund tuition fees claiming that "video instruction" is same quality of education. The money came from students and not VCs. You can't blame VCs for that.
>VC is ripe for disruption.
The issue is the company founders, not the VCs.