Definitely there is an aspect of capital competing against capital in startups, but I'd argue that is neutral in terms of the power capital holds (as you say, s

Definitely there is an aspect of capital competing against capital in startups, but I'd argue that is neutral in terms of the power capital holds (as you say, some wins, some loses). But in terms of the systemic effect on power between capital and labour, I'd said people being entrepreneurial shifts power (in the political sense) towards labour, partly through increasing the independence of labour in aggregate, and partly through enabling labour to capture significantly more of the rewards of their work [1]. [1] For example, compare the typical amount of equity held by "last and least important founder" vs "first employee" to see that being a founder radically shifts power your way.