[ethanbond]

Which is exactly another dynamic produced by the natural agglomeration effects: once someone starts winning they can simply outspend the almost-winners for talent, resources, marketing, etc.

Over time this starves the almost-winners into “losers because they didn’t do the right management style.” Which, to find this theory even remotely plausible, we have to ignore the fact that many of the almost-winners-turned-losers did and continue to mimic the management styles of the big kids.