Precisely.
Also let's not discount that the economy is what is.
In the late 90s it was much easier to find financial backing, if nothing else because
the user base was growing by 50-80 per year worldwide
.
Growth was impressive in the US as well:
https://www.statista.com/statistics...ith-computer-in-the-united-states-since-1984/
You'd just put together a PowerPoint with concept art and stuff, tell investors something about "blah blah the future blah blah computers blah blah growth" and you got your studio funded for a couple years and be able to do some relatively crazy experiments.