In the last few years, many startups with big markets and growth as primary enablers have gotten funded. Currently, many such companies have shut. Mass layoffs are happening for cost-cutting, or unwanted mergers are taking place.
We have come this far because money was cheap, and FOMO was in its prime. The business fundamentals were missing. It was just go fast, kill competitors, raise as much you could.
Nobody cared about solving the pain.