The people you talk about, those who will eventually fail more than succeed because of hardcore vast competition, should instead look for the rest of the world

The people you talk about, those who will eventually fail more than succeed because of hardcore vast competition, should instead look for the rest of the world first and only then to Silicon Valley. Silicon Valley might seem over supplied as you say, but the rest of the world is just waiting for great ideas, nice solutions etc with its wallet full of foreign money. So no, I don't think there's an over supply of tech products and services. What we currently have, in my opinion, is an over supply of few-years-old-companies-trying-to-hit-a-homerun in a crowded business place (the US).