"With most of them being VC or high-count angel investors, they can combined push whatever product is being built here into 200+ companies independent of whether it is good or not"
Ah, I see you have figured it out the thing that has always been the case.
I don't doubt that, but that phenomenon seems to be reaching egregious levels.
You are commenting that on a website where this is part of the value proposition since the early days, so I wouldn't say that's a new phenomenon.