You're exactly right. Outside of deep deep tech (e.g. self-driving cars), you'd have to really, REALLY dig deep to find one or two startups that failed because

You're exactly right. Outside of deep deep tech (e.g. self-driving cars), you'd have to really, REALLY dig deep to find one or two startups that failed because of lack of technical talent. Now consider how many startups failed because of lack of customer demand - nearly all of them. This isn't just an indicator of an oversupply of talent, it also suggests an oversupply of capital. Cheap money lets you find talent, but it doesn't guarantee a path to a profitable business.