Can you give any model to explain cause and effect, how what you say effects startup? IMHO, If anything, then abundance of free capital should stimulates startu

Can you give any model to explain cause and effect, how what you say effects startup? IMHO, If anything, then abundance of free capital should stimulates startups through avaliable capital investment, easy money. So I'd tribute the change in startups due to information technology becoming more mature and having less opportunities.