Your statements aren't even accurate in this post.
First of all there have been tons of successful private and public tech companies in the 100M+ range since Facebook which received venture funding. You can find a whole list of them just in this very website, from YC alone. Many of them profitable, not just focusing on growth and future profitablity. I also don't see a reason to limit things arbitrarily to "since Facebook".
Secondly I only fact checked your claim about Apple, but they received much more than $20k of funding. But whether or not those companies were venture funded really doesn't affect my argument. There are tons of successful companies that received venture funding. That you would double down on your claim that it's just a giant Ponzi scheme beggars belief.
First of all there have been tons of successful private and public tech companies in the 100M+ range since Facebook which received venture funding. You can find a whole list of them just in this very website, from YC alone. Many of them profitable, not just focusing on growth and future profitablity. I also don't see a reason to limit things arbitrarily to "since Facebook".
Secondly I only fact checked your claim about Apple, but they received much more than $20k of funding. But whether or not those companies were venture funded really doesn't affect my argument. There are tons of successful companies that received venture funding. That you would double down on your claim that it's just a giant Ponzi scheme beggars belief.