If I was the author and I didn't have personal connections to tech elites, I would try to sell my business ASAP. Paradoxically though, not having those elite connections does make it harder to get your startup acquired.
I find it hard to believe that there are currently any hotshot VC-backed startups executing hard to crush a little $10k MRR market and push out the incumbent mom & pop SaaS currently occupying it.
Every once in a while you'll see one of those shops get stepped on accidentally by a feature of a giant company. But I can't think of any examples of a "Show HN: My little bootstrapped thing that pays the rent" that was subsequently targeted for extermination.
It happened to me for every project that I've started. The first time was a drag-and-drop CMS; this industry quickly attracted several VC funded competitors and they were very fast in terms of development so I had no chance to compete on my own and so I gave up after 3 years.
Second time was an open source project; a full stack Javascript framework. Competitors (MeteorJS and other smaller ones) also started spawning up and I was struggling to keep users so I extracted a small part of my project and spun it off as its own standalone open source product - That was maybe 1 or 2 years before MeteorJS decided to do something similar by spinning off Apollo.
Thankfully MeteorJS spun off in a different direction than me so my project was able to survive and achieve linear growth year on year since.
I have other stories from many colleagues I worked with over the years (as a contractor for many different companies) so I'm basically sure that what I'm saying is correct. I'm pretty sure that my social circle is an accurate representation of the 'typical developer/entrepreneur' as well; I'm pretty sure that this is the majority.
Oh and trust me, a big company will take over this space eventually. Their product will do more and integrate better with other products.