I won't call what we're in a "bubble", but the culture seems to be going in the direction of mass producing startups, and this is the result. I see many startups popping up that seem to be creating a product just for the sake of creating a product, with no real long term goals.
Some VCs seem to be encouraging it, throwing millions at redundant social network apps that do things like "Gamify brushing your teeth!".
The tech industry has an immense ability to "make the world suck less" as Alexis Ohanian puts it, and it's important that we focus on that.