I would argue that VC investing is actually a renaissance in providing bountiful cheap funding for startups to get off the ground. It is only going to expand. And if you know anything about the process, there are ample lawyers and legal contracts to set out terms and equity. Investing is less about insiders and more about innovation than it has ever been. If you are waiting for its collapse, you are going to be sitting in your gaming chair for quite a long time.