That's a lot of money. 200k per year. Enough to pay for two or three employees in most developed countries. 2 or 3 people is really all you need to build a meaningful startup.

It seems that investors in the US have gotten so used to paying high economic rents and financial middlemen that they have lost track of the real value of money. 2 million is an enormous amount of money.

I could build an entire reddit from scratch for 100k. Scaling to millions of users is not difficult these days. I could even build an entire cloud platform from scratch for less than 200k on top of Kubernetes.