The claim that more funding can increase the risk of innovation failure rather than reduce it, because large upfront capital lets a flawed, unvalidated idea scale before it has been tested. Osterwalder's cited cases: Better Place (electric-vehicle battery-swapping network) burned roughly $850 million, and Quibi burned $1.3 billion of a $1.7 billion raise in about four months.
This is the mirror image of Business Plans as "Fantasy Made Explicit" — a well-funded spreadsheet is still a fantasy, and money is precisely what lets an unvalidated fantasy be executed at scale instead of caught early. Ties into Innovation Capability Diagnosis: Three Power Problems's claim that innovation failure is a governance problem, not a money problem — here, more money actively works against governance discipline like Growth Board with Phase-Gated Evidence Requirements and staged funding.