There's good margins in any software that people want to use. There's money in Nextcloud hosting, Matomo services, or Bitcoin. All of which are open source projects that attempt(or attempted to) put power back in hands of users. There are many more examples.
VC will gladly fund a business model with solid margins. They often prefer those that might get a monopoly, grow exponential etc. sure. But it's certainly not the only mode.
There's good margins in any software that people want to use. There's money in Nextcloud hosting, Matomo services, or Bitcoin. All of which are open source projects that attempt(or attempted to) put power back in hands of users. There are many more examples.
VC will gladly fund a business model with solid margins. They often prefer those that might get a monopoly, grow exponential etc. sure. But it's certainly not the only mode.