Startups determine their ability to execute, and thus generate revenue (or promises of same) from appearing “cool” to prospective talent and future investors. Without it, they wither and die.

Eh yes, but half a million in income sure helps you avoid death too, and most of them are moments from death when they apply.

Please don't refer to an investment as "income". It hurts the ears of those of us who know a little accounting.

I have no objection to, "half a million in cash sure helps you . . "

I understand that.

However review my last month or so of post history for my views on earned/employment income, unearned income and asset income.

In essence I differentiate between revenue within income, but not income/investment. I don't think taxes should either. Specifically, I think capital gains/intermingling of asset taxes while requiring up to date taxed-upfront employment taxes is one of the worst decisions society ever made.