Recognizing and monetizing value isn't something that I'd snub my nose at. The basic idea is that there are often other suitors who can build a company better than you - why should there be any shame in this?

I suppose the question of long term value can be pretty subjective, but in a world where the average age of a Fortune 500 company is less the work life of an average worker, and the immensely greater access to markets with ever smaller amounts of capital, it's also fairly easy to see why many of these companies deserve the valuations they get. As someone who likes to drink the "koolaid" I tend to think that those who build companies to flip have a much greater likelihood of failure - and it's those who aim to build sustainable and great companies who are often the same ones that create the luck to be bought out at a significant premium. Besides those who do the entrepreneurial thing quickly learn that business is a marathon not a sprint.

As for the original quote, I'd disagree. I think it's incredibly important to understand your weaknesses and let's face it, not all entrepreneurs are great managers. Heck, there's practically an entire field of academic research that considers the differences between leaders and managers. Creating an organization and having the ability to come up with the initial ideas does not generally use the same skill sets as building, running and maintaining an organization.