Of course there&#x27;s a bubble, and of course it has to burst at some point. There are frankly a plethora of poorly conceived and poorly executed startups on the scene right now, with no hope of ever achieving financial sanity. Just as we saw in the late &#x27;90s with any crazy idea being given a ton of VC funding, regardless of whether they had a sane business plan, only to implode when things got tight.<p>Unfortunately, this time around the successes of the previous rounds actually made things worse, because they succeeded too much. VC funding is now, intentionally, a casino. The RoI you can get from growing a winner fast enough to dominate some new market so outclasses what you can earn back from helping a sensible startup grow at a reasonable level that most VCs concentrate their funding to match. It&#x27;s all about disrupting and breakthroughs and growing fast. This ends up bringing a lot of &quot;unicorns&quot; into existence even if only a few of them are ultimately viable. It also leaves a lot of smaller, more sensible startup ideas in the dust. Silicon Valley is all about stuff that&#x27;s &quot;cool&quot;, not stuff that&#x27;s challenging or valuable. Sadly, even this round of the bubble bursting is unlikely to change that.