Comment by alkonaut

Most businesses aren't going to be well-capitalized startups. Because that kind of capital usually goes to businesses that can scale very quickly and to a large size.

But say I have an idea for a business, where the total number of customers worldwide is 100. The max number of employees ever sustainable by this business is, say, 50. But to reach that would take 20 or 30 years of organic growth , maybe a bit less with huge investment. It's what most businesses look like. It's not going to attract a ton of startup money. But it's also not going to be out-competed by a startup.