Another aspect is that expensive startups require more planning and careful attention to profit and business strategy. If you're investing $500k, you will spend

Another aspect is that expensive startups require more planning and careful attention to profit and business strategy. If you're investing $500k, you will spend more time figuring out what you are going to be selling and how it's going to work out. I think that is planning that a lot of dot com startups could really use. "Minimal possible product" often winds up being quite underwhelming these days.