The biggest problem is the so called cloud native stuff which is both more expensive and more complex. There are contexts where it makes sense but for startups they are doing more harm than good.
Still, my most benevolent interpretation of current reality is, rather than saying "that cloud native stuff is crap", accepting that there are cases where it may make sense.
For instance, large companies might have trouble hiring a good ops team because they have in general trouble hiring and retaining talent (another conversation topic).
Ops people are a scarce good because univs do not train people for that and most people prefer coding. I am leaving the work devops out because the market completely perverted its meaning.
(my take on the devops funeral: https://logical.li/blog/devops/ )
https://survey.stackoverflow.co/2022/#developer-profile-deve...
Only around 11% of the whole devs identify as devops specialist or cloud infrastructure engineer.
This is why I am saying ops people are a scarce good (unfortunately) from a data driven perspective. Of course my daily life confirms it.
The connection of this to the replies above it: I am not sure if this kind of junior people would be easy to retain in a large corporate environment. We certainly can do that in niche consulting.
While the VMs that run some parts of the system have been rock solid giving zero issues... Should have just thrown the stuff on one of them or added third one. Cost would have been same.
If you use it as IaaS, it's a lot quicker to get prototypes working than if you use anything else, including VPS's from other providers.
Google Cloud in particular has very few vectors for lock-in, and follows more principle of least surprise.
But once you have prototyped, you should ask the question about rebuilding it somewhere that is cheaper.
Near infinite scalability of disk drives is nice, and snapshotting, and cloud in general can allow you to extend your prototype into taking production load and allowing you to measure what you will need; but leaning in to "cloud magick" (cloud run, lambdas, etc) will consume almost as much time to learn and debug as just doing it the old school way anyway. In my lived experience.