In the early internet days, there were many companies trying to get into the train which ended up disappearing because their value proposition was just a "me too" model.
Exactly. "We have a website" : VC values it at 100M.
Then wonder why the bubble bursts.
most importantly, as it is a horizontal tech like the internet, it can disrupt just about any industry.
Yes! Infrastructure technology that makes everything above it better in a number of ways.