doesn't really seem like a healthy/fair market if the winner is picked by incumbent capitalists also you forgot a key part of the equation, which was to ignore

doesn't really seem like a healthy/fair market if the winner is picked by incumbent capitalists also you forgot a key part of the equation, which was to ignore pesky regulatory requirements I would hope startups aren't encouraged to follow this model but I hear "Uber for X" way too often so I know it already doesn't matter if Uber ever makes (non-VC) money, as the pyramid scheme is already seen as a wild success.