Steem is already too expensive then at higher market capitalization than those funding rounds.
But I agree with that the central banks flooded the world with money that can't find a good ROI.
So why shouldn't I compete with Steem and go get some of that ?? Especially the UI and social networking part is precisely what I like to code on. Give me one good reason. You think I will earn $200k on Steemit cashed out. I doubt it. Creating even a half-assed clone of Steem would probably net me way more than $200k.
(If my health was perfect, I wouldn't even be contemplating it anymore, I'd already be coding it. I'm a bit more cautious/less confident because of my health debacle.)