[Depurator]

In the emergence of new sectors backed by technology focused venture capital this scenario is to be expected though.

Often these bubbles are depicted as hype cycles, where you have inflated expectations of a particular technology, which show disappointing real world performance leading to a dip in confidence where ultimately a long term productive solution emerges.

Another way to think about this process is to take an evolutionary approach to technolgy development. Initially there's a lot variation of various firms trying to solve a particular problem, each with their own solution based on more or less novel technology. The issue is the selection phase where the technolgy competes in the real world and compete not only against other technological solutions but in a sociotechnical system including e.g. regional institutions such as local culture, regulations, politics, markets that are often aligned with the existing industry. Ultimately one or a few solutions are retained and integrated into our collective infrastructure and provide a consistant solution to the original problem, and in a capitalistic model - profitable returns.