The VC part isn't 100% negative but it generally comes with the strings attached that highly incentivizes fast growth. Fast growth kills any company culture you have and converts you into yet another company that views all employees as cost-centers. IE. it destroys companies as good places to work. If you could get VCs to fund companies to grow slowly into stable, small to mid-sized companies I would have no problem with them.
A side aspect of this is that they also destroy any motivation for developing free software other than as a marketing tool, a way to drive growth. While that is perfectly fine for companies to do this, it has long term consequences that lead to bad behavior that mean you should be extra wary of relying on them.
A side aspect of this is that they also destroy any motivation for developing free software other than as a marketing tool, a way to drive growth. While that is perfectly fine for companies to do this, it has long term consequences that lead to bad behavior that mean you should be extra wary of relying on them.