It's almost impossible to make money in new tech IPO with skyrocketing valuations

Hey everyone, I've been following the stock market for a while now, especially the tech sector, and I gotta say – it's getting ridiculous with these new tech IPOs. Remember when IPOs were a chance for retail investors like us to get in early and actually make some decent returns? Yeah, those days feel long gone. Take a look at recent examples: Companies like Rivian, Roblox, or even Snowflake back in the day (and I'm not even mentioning the big 3 that will get this year: OpenAI, SpaceX and Anthropic) They come out with insane valuations right from the jump – we're talking billions upon billions before they've even proven long-term profitability. VCs and big institutions pump them up pre-IPO, so by the time it hits the public market, the stock is already priced to perfection (or beyond). Then, what happens? It pops on day one for the insiders, but for the average Joe buying in, it's a slow bleed as reality sets in and the hype fades. Do you feel the same?