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That's why crowdfunding is a much better alternative than VC, true you don't have all the support and advise, still, when you have a small interest group in your side then the "startup" wins, as you said, because tech adoption expand and interested people grow.
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My point is that it's not the way to get returns on startups. Today's massive companies, once startups, were not originally targeted at "the masses." The largest companies more frequently started by incubating in an interest group that was itself incubating and either:
These VC's would've told google to not focus on internet users because 99% of the world is offline.