This article seems rather vacuous, and I&#x27;m not sure why it has so many points or comments.<p>Ignoring the way the article is presented, its point could be explained in a single sentence: startups are spending a lot on advertising, which is causing an investor-funded bubble in startups dependent on advertising.<p>Whether this is really true depends on the relative quantities of the money being spent on advertising by startups. A quick google says over $100 Billion is a reasonable estimate for online advertising annual spend, as a ballpark figure. Startups are raising say $20 billion [1] a year.<p>Even assuming a large percentage of funding is going to online advertising, we&#x27;re only talking about say a percentage point increase in the size of the ad market. So I think this article is probably incorrect.<p>[1] <a href="https:&#x2F;&#x2F;www.cbinsights.com&#x2F;blog&#x2F;internet-startups-vc-2014&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.cbinsights.com&#x2F;blog&#x2F;internet-startups-vc-2014&#x2F;</a>