You mean competition by more VC subsidized startups?
The competition (or sometimes faux-competition) lasts until investors get bored, then the unsustainable startups slowly go away (often extracting more money from the public on their way out, by means of an IPO), leaving a broken market that needs to be rebuilt, if it's possible at all.
The competition (or sometimes faux-competition) lasts until investors get bored, then the unsustainable startups slowly go away (often extracting more money from the public on their way out, by means of an IPO), leaving a broken market that needs to be rebuilt, if it's possible at all.