Is there a word for this type of business model? Offering a service for free until they become the de-facto standard, and then start squeezing people?
The goal of which is to seek monopoly or at worst stable oligopoly.
Anyway, GP was asking what you call it when you saturate/dominate a market, become the standard and then raise prices on your captured audience. This is definitional monopoly. VC-backed capitalism is a predictable symptom emerging from the possbility of such outcomes.