No, by that logic the worst deal for a good developer is to start a company. You can ignore that logic and find other types of reasoning for why starting a comp

No, by that logic the worst deal for a good developer is to start a company. You can ignore that logic and find other types of reasoning for why starting a company is a good thing, but OPs entire point is that a good developer is only valuable within a large organization due to scale. If a good developer starts their own company then their scale is effectively zero, meaning the value of their skillset with respect to their own company is next to nothing.