I think what he means is getting funded is commoditized.
But that will not continue indefinitely. And that is because eventually someone will want to know how the company plans to make money. When the company cannot tell them, they stop investing. And it spreads back up the chain. The whole thing collapses.
But that will not continue indefinitely. And that is because eventually someone will want to know how the company plans to make money. When the company cannot tell them, they stop investing. And it spreads back up the chain. The whole thing collapses.
It's like a pyramid scheme.