Not VC, more like hedge funds and institutional investors. But yes, all public companies work primarily for higher share prices, and then everything else. I've experienced a public US company paying more than a million USD to save 300k just so they can put out good articles about themselves that they kept promises to shareholders.
If I have to deal with Blockchain cloud computing IoT bullshit as a software engineer, I want everyone else to feel my buzzword pain in the tech they use.