I don't know, it really depends on the product. If we were all still paying for proprietary UNIX in the current year, then it's likely that these startups would never exist in the first place. Sometimes a SAAS has to admit that it's not providing real value before actual innovation becomes the status quo. I don't weep many tears for dying businesses because nobody lives forever.
Also, competition in itself not bad. It does mess people's livelihoods when competition is sudden and massive - he/she mentioned 5x increase in competition in 6 months. That is too much, too fast, it is not easy navigating/surviving it
A flood of fly by night products with low effort mess is going to lower the trust in genuine indie development products and could drive users towards established names in the industry.
In some way it's like the new PR flood on github. On the surface more PRs looks like a positive thing but it had unintended consequences.
More shots at the big names is not going to entrench them, even if most of those shots don't go anywhere.
The big names also need to stay competitive against internally developed solutions inside what would have been their bread-and-butter enterprise customers, so they have to compete on features and quality like indies.
Come on now, you can’t be mad that people acquired the skills.
Realize that whatever your frustration is, those people who acquired the skills are probably not the root cause of whatever is currently going on, in the bigger picture sense.
Maybe a lot of them can now put food on their table.
I sincerely hope things work out for you.
It's a fucking miserable future for us software people.
Architecting and "good taste" won't be good enough to put food on the table next year...