How can this opion piece miss the big thing though? Even if it's an accurate prediction that will be someone else's problem. My last three companies have been Publicly traded, Private Equity, VC and PE. The timelines for decision makers in any of these scenarios maxes out around 4 years, and for some is less than a year. They're not shooting themselves in the foot, rather handicaping the business and moving on. The ones who time it right will have an extra-big payday, while the ones who do poorly will buy all these duds. Meanwhile the vast majority lose either way.