I disagree with the broad characterization of VC as an enemy of innovation. There are plenty of VC-backed companies that don't innovate. There are also plenty of non VC-backed companies that don't innovate either.

To name 4: Google, Docker, Tesla, Apple. I'm happy that they were able to raise enough VC that they've innovated and created stuff that I happily use. (Well, I don't own a Tesla. But I've driven one.)