If you can clearly articulate a path to profitability in the current economy, there's no shortage of investors willing to place 100K-1M bets on startups right now, contrary to the narrative perpetuated here. Ask how I know :)
I think the problem we have is a generation of people in the industry have been convinced hifalutin money making schemes are sustainable business ideas. I'm glad that nonsense has finally past.
The realignment is good for humanity.