This is a great post. Summary: build companies for the long haul, forget exit, build excellence.<p>I agree entirely. I love technology but I get turned off by the excessive short-termism that plagues the valley from time to time ...
No reasonable commentary on the lack of IPOs can exclude the increased cost of being a public company. For example, complying with SOX alone costs 1-3 million dollars a year.
The article complains about 'gimmicks'. People around here believe in producing tangible prototypes for $15,000 in three months, what can you expect but gimmicks?