I'll match you against somebody willing to take $150k for the exact same work. I'll match 4 of you against 8 of my hires. I'm willing to bet that my $1.2M team will outperform your $2M team. I'll very happily match 50 of your team against 75 of mine. You could poach 25 of mine who prove to be superstars, and I'll hire more.
That doesn't mean that you are dumb or incompetent or less skilled. I just think that there are some very smart and capable people willing to work for $150k. I think that many of them are as good as any AWS hire. And I think they could be motivated by something besides money to create something as good or better than anything from AWS. Indeed, less money could itself be a strong motivation to outperform.
Thankfully, we don't live in a world where there are only 10 geniuses to go around. The world is much much cooler than that!