So what? Lots of startups that deserve to fail and don't have this kind of arrangement also manage to get more financing, or get acquired or acquihired. That ki

So what? Lots of startups that deserve to fail and don't have this kind of arrangement also manage to get more financing, or get acquired or acquihired. That kind of thing is not unique to spin-ins. I also never claimed the world was a perfect meritocracy. I was saying that if it was, this kind of thing would not undermine it. It seems that we agree on that point. I brought it up in anticipation of counter-arguments that spin-ins subvert meritocracy.