"At the moment, there is no one within big companies who gets in trouble when they buy a startup for $200 million that they could have bought earlier for $20 million. There should start to be someone who gets in trouble for that."
I think it's right that startups will be acquired earlier and earlier, but that makes me wonder: might those earlier acquisitions (which sometimes decrease productivity to 1/13th what it was) sabotage the success of the startup either because once acquired the founders don't have to work as hard to keep their heads above water or because when not constrained by a tiny startup budget the founders won't worry as much about finding efficient ways to do things--which in the past made them better startups/companies?