There's a long runway from "early market" to "total domination" to make money for investors. Nobody is shutting down the ability of limited or emerging markets to extract value, but once you reach Apple's size it's an entirely different story.
The runway is less than one human generation, or less than a home mortgage period. Some of these ventures are unprofitable for a decade. If an investor isn't thinking domination early on, they're thinking of getting it to the point where another investor would think that.
