Luma Partners' Lumascape charts include an estimated 1,500 venture-funded companies. As the charts clearly demonstrate, there is excessive overlap and redundancy in almost every category. In just the past six months, multiple VC-funded companies have shuttered, scaled back operations, merged or required additional funding in hopes of making progress toward a viable exit. In the next 12 to 18 months, even as the IPO market heats up, many companies will need to make tough decisions about their futures, and others will have their decisions made for them by impatient VCs. Although digital revenues are growing exponentially, there are too many competitors in every digital growth category.