> I suspect that this approach is strongly fueled by the unlimited VC money available in tech,

Well, I suppose we could trade anecdotes and counter-examples, but my position largely comes from my own experience rather than received wisdom (though there's plenty of that).

Instead I'll just say that I disagree, largely because because a business is a complex and shifting arrangement of various factors competing for limited time and resources. Even in a software business, software is only one of those.