Cypress Semiconductor is a lot like that, with individual teams in competition with one another for funding and resources. You seem to be making it more extrem

Cypress Semiconductor is a lot like that, with individual teams in competition with one another for funding and resources. You seem to be making it more extreme with people losing their jobs on failure. One of the advantages of having a big company is that you get to attract good people that are more risk adverse and to assign good people to projects more easily. If you let go of that I'm not sure what's the difference between what you described and a VC fund.