Nice piece! I notice your Proprietary Power concept is very similar to Peter Thiel’s view on startups hitting markets where other companies are not in order to avoid value-destroying competition.
Also, I bristle at the Legendary Founders idea. Certainly some founders are far more capable than others, but our industry is plagued by too much hero worship as it is. A solid business and great execution are key, but luck and timing on macro waves has a huge effect on outcomes and therefore how “legendary” a founder is viewed to be.