I've worked in the space for a few years and can say it's been the opposite experience for me. Had the chance of working on a Haskell project with the original creators of Haskell, being taught QuickCheck by the creator of QuickCheck, testing economic ideas created by professors of Economics at top universities, and sponsored entire compilers and languages to help ensure the software was as solid as possible. One of my favourite tutorials was when we had Leslie Lamport come in to give us a talk on TLA+. There is so much money in the space you can have absolutely insane teams.
The existence of some “absolutely insane” highly-skilled, well-trained, well-funded teams in the field doesn’t mean that there aren’t also lots of poorly-qualified teams without the up-front funding for development trying to cash in on all the money sloshing around the field.
True, I'm just saying as someone who's been in the space for several years I've not come across too many of these. I think it's a stereotype that doesn't match with reality - at least from my experience.
This was with IOHK (iohk.io) on Cardano however due to relocating and work visas etc I'm currently working on my own projects in the Eth/Cardano ecosystems