Isn't that the problem? SV has too much cash going around so lots of bullshit is funded or companies run for decades on VC with the single mission to drive out

Isn't that the problem? SV has too much cash going around so lots of bullshit is funded or companies run for decades on VC with the single mission to drive out all competitors and then hike prices. SV has given the world a lot but what actually usually innovation has come from there in the past 10 years (not companies that moved there for easy money, but rather actual innovation creation)?