A comic book series old enough that Yoichi Shigaraki and All For One read it as boys, Captain Hero pits a costumed champion against a Demon Lord. Two brothers took opposite lessons from the same pages, and the whole tragedy of their lives grew out of which character each one loved.
Captain Hero is a long-running comic series that follows its namesake through a war with the Demon Lord. The villain does succeed in seizing the world at one point in the story, and the hero has to fight through considerable pain before he finally puts his enemy down and rescues everyone. Its existence can be traced back at least to the childhood of Yoichi Shigaraki and his older brother, All For One, who read the issues side by side.
The comic works less as an object than as a blueprint for two opposing worldviews. Yoichi rooted for the title character; his older brother preferred the Demon Lord. Yoichi read the run to its conclusion and watched the villain lose. All For One quit after Volume 3, put off by what he saw as a tired, predictable resolution to the whole hero and villain business.
Those choices hardened into ideology. All For One came to want the Demon Lord's role for himself and a world shaped to match the comic's darkest chapters, while Yoichi took up the hero's cause and spent his life trying to stop his brother. All For One also had contempt for the series' filler antagonists, dismissing them as jobber characters written only to make the Demon Lord look strong.

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Captain Hero is not a real-world franchise. It is a fictional, long-running comic book series that exists within the world of My Hero Academia, following its hero through a war with the Demon Lord.
No, Captain Hero is the heroic protagonist of the in-universe comic. He wars against the villainous Demon Lord and ultimately defeats him after fighting through considerable pain.
The Captain Hero comic follows its title character through a war with the Demon Lord, who succeeds in seizing the world at one point before the hero fights through great pain to defeat him and rescue everyone.
As boys, All For One and Yoichi Shigaraki read Captain Hero together, but each rooted for a different side. Yoichi favored the hero and finished the series, while All For One preferred the Demon Lord and quit reading after Volume 3, and those opposing loyalties hardened into the ideologies that drove their lifelong conflict.
Captain Hero first appears in chapter 193 of the manga and episode 90 of the anime, with further references in chapter 333, episode 140, chapter 354, and episode 147.
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