> I personally don't think these sorts of strategies should exist from a perspective of principals (it encourages capital to copy, not innovative, and further p

> I personally don't think these sorts of strategies should exist from a perspective of principals (it encourages capital to copy, not innovative, and further punishes those who take on the real risks who are disproportionately awarded) but they do. To play devil's advocate - what about network effects? There are plenty of examples where a possibly inferior service built a moat around itself through network effects, preventing a potentially better rival from competing.