The problem with this advice is the same as with most advice for how to get ahead: It just does not scale, not even a little. It only works for a few. If more people follow it, it's just more stressful and/or expensive for everyone.

I mean, if this is the kind of society that any poster of such advice has in mind than I won't complain. Who am I to dictate what the end goal is? If people want a society for winners, so be it. I just wish that advice givers were aware of that and would show it. As it usually sounds like such advice is given without any thought for scalability.

Or you subscribe to the idea that a huge number of people could indeed have this 0.1% super idea. I can't really disprove that this would be possible I admit, a huge number of people suddenly having crazy good ideas all at once, and all or most not requiring a lot of resources (which they would compete over, and with all the old industries).

Blindly spending $100mln to make an awesome app without getting a MVP out to validate an idea for way cheaper is just ‘making up losses at scale’. It also doesn’t scale.