I think the value is in the existing ecosystem. Producers are highly encouraged with stacks of cash to stick around. If I go and fork the EOS chain, I dont have 1.3 billion USD to fund projects on my platform either. You're right in theory though and I think this should be explored deeply.
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Why you need 1.3 billion USD to fund projects ? you don't develop it from scratch.
The value of EOS comes from who builds on it. EOS has 1.3 billion to basically incubate companies and ideas on their platform. Keeps quality high and provides huge incentive. Respectfully, I'm not sure you understand what EOS is.