That's pretty much it. This is a bit like (but worse imo) running a vc firm, listening (formally or informally) to idea pitches, then spinning out and funding c

That's pretty much it. This is a bit like (but worse imo) running a vc firm, listening (formally or informally) to idea pitches, then spinning out and funding competitors with millions of dollars, to outcompete the originators of those ideas. Yes, the idea is not secret in this case, but the unfair advantage is massive and there's only one (a couple at most) positive outcome.