[phkahler]

My phrase to explain it: Engineering is not a "cost center" it's an investment in the future. Do you want to cut investment or go big on the right ones?

Most big companies just want to collect rent rather than make investments.

[chii]

the economic incentives for a hired management is not aligned with innovation.

A hired CEO has incentive to make the company continue to be profitable during his/her tenure. This means conservative thinking and business continuity. Not taking big, risky bets that pay off multiple 100x in 10 years.

A new company, owned by the CEO level people, is not going to fall into this trap.