Why did traditional venture capital ruin the development of innovative enterprises?

A few venture capital institutions monopolize the opportunity to invest in excellent innovative enterprises, and ordinary investors have no chance to change the world while gaining rapid growth in wealth. It leads to unfair distribution of social wealth, resulting in a lot of idle funds and waste of liquidity. On the other hand, technological iteration and market changes have shortened the growth cycle of innovative enterprises, leading to more urgent and larger financing needs of innovative enterprises today. However, financial industry, securities industry and venture capital are generally inefficient in supporting innovative enterprises. Commercial banks prefer to provide loans to large commercial institutions rather than emerging enterprises. The traditional investment bank financing scheme is inefficient and cumbersome, and it does not provide services for early enterprises. The scale and endurance of venture capital institutions are limited, which cannot meet the rapid, changeable, long-term and low-cost financing needs of innovative enterprises at present. The financing needs of innovative enterprises have not been met.