This seems like an over simplification. Growth is not just the product, but the people executing. A founder who is giving away too much equity and money early m

This seems like an over simplification. Growth is not just the product, but the people executing. A founder who is giving away too much equity and money early may not have the equity and capital to attract all the talent she needs. Maybe she is more understanding about work life balance and doesn't push the team hard enough. But somebody else does, and this is often winner takes all.