A bad job in my own ideology. It just creates a system for elites and let them inbreed. While I prefer a system for anyone has a chance to beat the house or lose their pants fairly based on his/her contribution to market.

If a startup for startups to serve their needs will be successful, it will not be like an elite club (because as a young startup, it wants all old businesses out and be replaced by it and it will be there until it will be replaced by other startups). But a new business that requires much lower fee like recruiters/VCs but provide better benefit/cost for startups to acquire resources.