[mcjkrw]

It's not as much about hiring people, but if you can afford not having to work for living at all at an early age, you can become a genius in almost anything you pick by spending e.g. 60h a week on that thing, every week, for years and not having to worry you will ever run out of cash.

On the other hand, having the money and luxuries may eliminate the so much needed evolutionary pressure on a personal level. On the company level, there's also the trap of creating a "charity business" that is not profitable, but that's if you really have loads of cash to blow / VC-funding yourself.

Please don't interpret this message as "if I was rich, I would be successful". I just think it's harder and takes more time and more sacrifice when you have to work for a living, but creating a successful company is hard either way and requires full attention.