I agree with you, but it's a better argument to say Intel, Facebook, etc. created huge consumer surpluses, so the real beneficiaries of VC investment were the consumers of the products which were created due to VC investments in companies, more so than employees and founders.
Hundreds of millions of people have benefitted from Intel CPUs; far more than have every worked for Intel or owned Intel stock.
I agree that hundreds of millions of people have benefited from Intel CPUs, McDonald's burgers and everything else by those companies.
But I was talking in strictly financial terms. The founders, employees and early shareholders benefited the most from those companies in financial terms. The economy did benefit significantly, indirectly, no doubt....just trying to bring it back to his argument about 'bankers milking the fractional reserve system for their profit'.
Hundreds of millions of people have benefitted from Intel CPUs; far more than have every worked for Intel or owned Intel stock.