Totally, but this is the story VCs tell themselves about any early-stage technology. Survivorship bias means everyone talks about the internet and not about any of the multitude of purposeless technologies that didn't command 100x returns on early investment. And even then, consider that, if you extend the metaphor, no one (to my knowledge) got angry when the early commercial internet didn't do exactly the thing they wanted it to do. It was hard to say it "failed" in the same way that people claim LLM chatbots "fail" because expectations were much more properly calibrated.