[afiodorov]

I think the "more capital than ideas" problem is highly contextual and largely a Silicon Valley-centric view.

There is immense, unmet demand for good software in developing countries—for example, robust applications that work well on underpowered phones and low-bandwidth networks across Africa or Southeast Asia. These are real problems waiting for well-executed ideas.

The issue isn't a lack of good ideas, but a VC ecosystem that throws capital at ideas of dubious utility for saturated markets, while overlooking tangible, global needs because they don't fit a specific hyper-growth model.

[aleph_minus_one]

> while overlooking tangible, global needs because they don't fit a specific hyper-growth model.

I do believe that these also fit the hyper-growth model. It's rather that these investors have a very US-centric knowledge of markets and market demands, and thus can simply barely judge ideas that target very different markets.

[nitwit005]

Investors generally don't care about the actual utility of what gets built. They want a high return on investment.