I don't get the complaint that there’s too much capital funding startups I get how it's worse for investors, & that raising too much can hurt startups, but there are strong founders who still can't raise Why's it better for founders—& innovation broadly—if there's less capital?
Abundance creates mindlessness. Founders tend to recognize one aspect of this and work very hard, low salary, but most probably “leak” in other ways. E.g. throwing money at people desiring control and never learning how to lead a team. The output is contractor army quality.