i wonder how much of that VC money ended up in coders' hands who turned around and bought bitcoin with it ??
Yep.. agreed.
There is some rippling effect from investments, and I am glad that some of the early investors in bitcoin saw fit to invest in bitcoin and to develop the space.. In the end, we need the VCs and the VCs need the speculators, and possibly somewhere down the line some of the VCs are going to make some decent profits from their BTC venture investments even though measuring each investment individually, it may not seem to be a very good investment... also, successful business will also tend to learn from some of the failed businesses to take some of their successful components and maybe to avoid some of the unsuccessful components to the extent that they can identify those aspects.
Didya ever wonder how businesses succeeded without "Vulture Capital"? How many open source projects can you name that were created by VC investment? Bitcoin is a bunch of code and a community of people that seem to like technology and dislike the global debt-based financial system. Institutional investors only came around late in the game to speculate and profit. This is not real growth, and they create no utility.
You seem to worship the parasitic financial elites, and regard their system as normal and/or effective.
Not worshiping anyone. We were only discussing a situation in which it appears that on an individual level various venture capitalists would have probably made much more money to buy bitcoins directly rather than investing in a bitcoin business. Yeah, sure I understand the situation is much more complicated in that, so it doesn't really seem necessary to read more into what I was saying and/or to attempt to parse further regarding my fairly superficial comment.