> Founders will sometimes say "if I can't build this company with no more than a million dollars, it's not worth building it at all."

I feel like this became such a big meme, that it actually hurt innovation. With lots of founders (me included) adopting the "Lean Startup" mindset, it's much easier to build a "single-feature company" that does something slightly mundane, then get acquired/acquihired because what you're doing is just so easy to reproduce. In my mind, that explains why most Unicorns these days are stuff like debit cards for companies, yet another task manager or note taking app, etc.

tl;dr I think true innovation requires [capital & research & time], and feel like we've replaced that pyramid with [quick iteration & extreme scrappiness & failing fast], maybe a bit too much.