The message that is emerging loudly from the SV VC community is that they believe this model is one that should be pursued, aggressively. Let's be clear that in terms of labor and risk management, this is not innovation, it is a return to the status quo of a century ago - one that we as a society fought hard to change.
I fear that the plan is to just fight the legal and PR battles, and hope that the robots arrive fast enough and make the situation moot (aka the Foxconn gambit).