So businesses won’t invest time and money to create a browser. But companies will invest literally billions of dollars collectively to develop other software?
The Mozilla cooperation mostly survives because of Google funding it to be the default search engine. Even Microsoft decided it didn’t make sense to keep developing its own browser engine. How is a company going to make money creating browser? No company has successful made a profit from people paying for a browser - ever.
Yes, I was around and into computers when the first browsers came out. I was actually writing extensions to a custom Mac Gopher server before the web became popular.