I agree with this to an extent but I think a couple things -
1. Yes I also trade back in a startup, generally accumulate picks in rounds 3 or 4 thru 10.
2. Also accumulate as many future year firsts as possible, usually 5 or 6 is doable
3. Take value where it emerges during the draft. Often that value is not with the younger players. When you draft this way you can compete year one and generally have a very strong team and still have enough youth with any younger players taken plus the future 1sts for the following year
4. You never really need to punt year one, as some others suggested (not Michael)
I got a lot of respect for Aunt Jemima and on that note this is good point on how there are many strategies that work. Just looking at these 4 points:
1. Don't think I've ever taken this approach. I don't normally trade back out of top two rounds, but use them to take what I view as foundational young pieces, with key on youth. I think the oldest player I've ever taken in first 3 rounds of a startup was Antonio Brown as pick 6 in 2015 when he was turning 27.
2. Only once have I walked out of a startup with more then 2 first round picks and about half the time don't have my own. It's a little risky going young and giving up your future first, removes that safety net if you suck, but other than my first ever startup it's worked out. Only once have I done something approaching where the goal was to try and accumulate as many first round picks as possible. I would not say the goal was to tank, but figured it was likely and it was, the team sucked and is one of only two teams I've done to not make playoffs in year one(first startup was the other one). But it also ended up with 8 first round picks, 3 second round picks and as luck would have it that ended up being the top 6 picks and 12 of the top 15 picks. This team kind of blew the startup, team had plenty of top 10 picks even with the trade backs but did not do a good job with the picks.So only did this one, did not really do a good job with the picks in the startup, the top 6 picks we got were kind of dummy proof(it was last years rookie draft). This team is loaded. What I'm getting it is it's loaded because it picked up a bunch of 1's, not because of any great skill, a few major hits on picks but again those top 6 picks were kind of dummy proof and the startups picks were not great. Based on that one experience it's hard for me to think this is not a great strategy, almost to easy, but.....
A lot can depend on class of upcoming draft and picks you get. The one time I did this I got the right picks in a loaded draft. That league was my last startup, the previous startup I gave away my future first to a team that I think picked up 4 #1's in what ended up being the 2016(Elliot) class. Two of the picks ended up late, 10 and 12. Two of the other picks ended up as top 4 but not 1 so no Elliot and that means they got in the Doctson, Treadwell, Coleman mix. Team is a total failure and reality is even if they had 6 #1's, if they did not get pick 1 and draft Michael Thomas it was mainly just a recipe for sorrow. So not always so easy.
3. I agree on always taking value, I just typically try and find young value if I can early on. And value can interpreted a little differently by people and what I mean buy that is current market value vs what I believe the value will be or should be. Once I get into the round 9-10+range a lot of that value is older players so I typically end up going really young early in my drafts, older later.
4. A big danger to me in trying to construct a team with no chance to compete, that is entirely dependent on next years rookie class, goes back to what I was saying on class and quality of the draft. As example say I had 12 of the top 15 picks in 2016 instead of 2017? I come out with Elliot and Thomas for sure but other than that not a lot. Chances are my team still sucks.
On the flip side I've seen two cases, both in high stakes leagues, were teams went full on redraft mode and when the draft ended I think if you polled the league on who was the favorite those teams would have been near unanimous. Both teams not only failed to make playoffs but were one of two worst teams in the league. I'd never enter a season not trying to compete or thinking I got no chance after a startup is done.