Sure, but for startups brand is to the disadvantages. I think brand is when you are moving across the chasm from early adopters to main population.

There is a period of time when you have to get early adopters and evangelist where idea and executions are the key

The part from Sam Altman’s lecture I am not too sure about is how important is the idea. He claims he has not seen pivoting results in success. I don’t know if he defines success as become a billionaire or not.

I do agree to some extent they benefits a lot from rich parents such as it gives them much more freedom and less concern about what if the business fail. But for people from a poor family, getting a job after college to make a living is NO1 priority.

But I do think if they have a success record, they prob do have some good lessons to offer