Ok but pick any category of human endeavor and 80% of it is garbage in the beginning. There were 3000 car companies in the 1920s, and most of them sucked, and so they died. The market over time will sort out who survives and who does not.

It will take a few years for investors to figure this out, but in the meantime, everyone is spreading their bets around like peanut butter in order to be in the game.