You're putting words in my mouth. I'm not at all suggesting that you need "world-class rockstar skill" to succeed. You do need some skill (I suspect less than

You're putting words in my mouth. I'm not at all suggesting that you need "world-class rockstar skill" to succeed. You do need some skill (I suspect less than you think), and the more you have the more likely you are to succeed. And that's the way it should be - success determined by skill rather than your ability to raise capital. That's why I think low capital requirements are an advantage. Not because they make it easier to succeed in some theoretical sense, but because they make things more fair. I'll take the level field with more competition, as it rewards talent and effort.