Most of the time, startup founders do not have the luxury of 'balancing lifestyle'. It is not themselves who decide how much they work, it is their competition,

Most of the time, startup founders do not have the luxury of 'balancing lifestyle'. It is not themselves who decide how much they work, it is their competition, and it means they have to spend pretty much all the time they have (frequently ruining their families/relationships). Same about remaining within the legal field: it is true only as long as overwhelming majority of the competition also does so. Otherwise you become a criminal, or go out of business, that simple (not related to startups at all, but common for general businesses in many countries). This point is just to explain that the constraints you have are seldomly morally defined, they are set by the environment you operate in (unless you are a total outlier - the idea is exceptionally brilliant, or you have some kind of other competitive advantage which puts you in a totally different league from others).