Airbnb's business was to sneak in some cracks in legal codes around the world, widen the cracks and hopefully establish new regulation that would favor it as the first mover, and then rake in money with this moat.

Uber had/has the same model.

Some of these VC companies are basically nothing but wealth transfer machines, they're not actually offering that much added value.

Heck, they're part of the productivity paradox: https://cs.stanford.edu/people/eroberts/cs201/projects/produ...

A lot of motion, not much action to actually improve the lives of the average person.