"The whole purpose of this article is to refute the thinking that you obviously subscribe to (given your comment)."

What type of thinking is that? That VC companies are required to shoot for the home run exit? That's not a mode of thinking, it's the reality of the VC industry. Lean, efficient, profitable companies are great, but unless they aim to become big businesses they are not VC worthy.

As for the other side of the argument, I must be too stupid to see it. All I could glean from that convoluted mess was that Digg and Facebook should be more like Google and eBay.