I already said that. VC's decided that they weren't going to fund anything hardware related this time.
You can keep the shell game going infinitely with social crap built by 20-somethings to flog to the FAANG's because you can keep skimming until you hit your 100x.
Now that the unicorns are finally busted, we'll see what the landscape actually looks like.
2020-2008 is 12 years. Your second piece of evidence contradicts your main claim. Try again