Millions of developers are shooting for the moon, while of course only few succeed, but VCs are laughing all the way to the bank because they spread their risks.

Again: So? I think people focus too much on the "VCs are getting rich" part while overlooking "the world is creating thousands of things that wouldn't otherwise exist" part.

If you imagine what the world would be like without any incentive to create, it would be a very different place.

There's nothing wrong with it per se, except the image of "becoming wealthy like a king" isn't realistic, and the ones profiting from this image are the VCs.