It seems like these VC cycles are akin to a natural selection process for startups. Those with legitimate market fit and pricing schemes will have the highest f

It seems like these VC cycles are akin to a natural selection process for startups. Those with legitimate market fit and pricing schemes will have the highest fitness and thus survive; new startups will (hopefully although historically not so much) attempt to copy a similarly sustainable architecture. So in essence these cycles are beneficial to startup market health