Which why the clever entrepreneur sell tools for the gold-diggers.
This explains so many start-ups. Especially the ones with .io domains.
One of the Lectures encouraged new startups to come up with something that other startups would find useful. Indeed, it seems like a good 60-70% of startups fall into this "startup tools" category.
I compare it to the Klondike gold rush: most of the people who got rich did so by taking money from suckers.