So many startups these days seem to only have other startups as their customers, and they're almost always due to connections between their investors. Just trading VC money back and forth.
This is why I especially like B2B2C companies. (Companies that sell to other companies a product that customer company somehow packages or delivers to the end user) In this model, there is, at the very least, a “C” somewhere down the chain where value is transferred from a consumer.
This is basically a lot of fintech.
I briefly worked at one such company. The vibe was from some sort of alternate reality, it was truly bizarre. I couldn't deal with it and quit after about a month.
It bubble thing I bet these kinda startups disappear like next 10 years.
With so many VC money flowing, is it that bad of an idea?