If by management you mean fishman trying to play safe, then its less about trying to suppress pipkin and more of trying to preserve his company. Gunt stream was a gamble. It paid off in the end, it couldve not. And yea, Tenma and Lisa were her irl friends. Cant deny that if tenma collabed with yuni people would be less likely to follow her than pippa. It all comes down to visibility really. Small corpos are just more visible than indies due to atleast some support like models, con appearances, adverts, events, things that are way harder to organize and get if you arent a corpo or arent like juni who makes her own shit, or girl dm with her connections to basically everyone on vtuber scene.
Yur just bad. Im not arguing about pippa not having any part in her success, just that you underestimate other people contribution to her rise.