I don't know, maybe I'm not enough for the startup but I don't feel very intimidated. If I've ceded control of my board, surely they can sell the company. If I make a product that Microsoft or Google or Apple can copy in the next 6 months. then surely that is my fault.
Added: I will say that I am not comfortable with some of the state powers that allow other businesses to mangle the legal system around you to sabotage you, but the solution to that is less state control (thus less reason to lobby), not more.
Software folks are quick to write off companies which are not technically difficult to build (eg all of social media), but I think Slack is a very interesting case to think about.
The software is simple, the idea has existed forever, there were competitors in the space. But the thing that really drove the space forward was Slack raising hundreds of millions and marketing the shit out of their software. Only after that have the big guys gone "oh, shit, we have to get in there".
I'm not really impressed by Slack as an engineering/innovation company, but it provides a very interesting perspective on business.
Added: I will say that I am not comfortable with some of the state powers that allow other businesses to mangle the legal system around you to sabotage you, but the solution to that is less state control (thus less reason to lobby), not more.