There is a sickness in the startup model in the west that others are emulating. It is the venture capitalists that are funding ventures that can be sold or made public so they can get a big cash out. They don’t want real innovation, they pay lip service to the word. It is inconsequential.
Get users, grow employees and size, make a grandiose pitch. Try to sell the company after a few years to a sucker. The whole thing has become a giant parody of what it once was back in the golden years of Silicon Valley.
Writers like Michael O’Church have written extensively on this topic. He calls out the Paul Grahams of the world and makes the call for technologists to take the industry back from the wannabe capitalists with an idea and no tangible skills.