Right now there is too much money chasing too few startups. Some startups literally operate with a "we have a bottomless pit of money and it doesn't matter if w

Right now there is too much money chasing too few startups. Some startups literally operate with a "we have a bottomless pit of money and it doesn't matter if we never show a dollar of profit, we just need to keep on raising more from investors who think they'll miss the train". Uber and Cruise kind of feel like that. I'm sure Waymo has a bottomless pit from Google too. I guess that's the reality of moonshot projects. A lot of them are going to burn billions of dollars throwing lavish office parties and off sites, but one of them will be huge. That's essentially what SoftBank's 100B vision fund is kind of doing. A lot of investors operate with a "fear of missing out" syndrome and that's probably why Uber gets more funding than 99% of all US startups combined.