Big markets draw in entrepreneurs and VCs, overconfident that they can conquer these markets, which leads to a collective overpricing and an inevitable correction. We look at examples (e-commerce, online advertising, and cannabis) and implications.
![Bridge over ocean](/-/media/images/hero/rpc-theme-heros/bridge-default.jpg?w=2560&hash=C67CE44B69F875C23628FEF2E3F26808)
Big markets draw in entrepreneurs and VCs, overconfident that they can conquer these markets, which leads to a collective overpricing and an inevitable correction. We look at examples (e-commerce, online advertising, and cannabis) and implications.