Yep,it has ,it used to be an underground platform and now it's gone mainstream.
The same can be said for a lot of things,especially YC
Earlier,it was hackers who made a product in their free time and then turned it into scalable,profitable products/companies,and now its MBA grads trying to get into YC by building ubers of somethings
Would be happier if the contracts of these WITCH companies are terminated citing how poorly they treat their employees
don't think they will,that's how capitalism works
These 'backers' are usually penny pinching, non-risk taking, backers of only where monetization is clearly visible (essentially traders); are far cry from YCombinator types. 'YCombinator types' of backers are very easy to talk to when you have big ideas and/or fundamentally good, without having much clue about monetization. Trader type of backers will snuff you out or would ask you to circle back when you have millions of downloads and have $hundred thousands of ARR.