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.
> 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.
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.