Its true. The startup ecosystem is moving towards being fake and half of the way is already covered. Startups are having millions of dollars but are not able to turn profits!
If you are having a startup operating for 3 to 4 years with this much money and then also you're not able to turn profits, then Entrepreneurship isn't for you!
This totally means that either you are having a bad business model or you are not devoting enough on your company or you just want to fool the investors and take away their money.
The solution is to find yourself before you jump into the ecosystem and make it worse. Entrepreneurship is providing value to people in return for money. Investors invest in startups because they believe that this can give higher returns than any other asset class and if you fail to do so even after running for a long time, you should change.