[BoiledCabbage]

This is an absolutely incredible article. Possibly the best I've seen on HN in 6mo to a year.

Normally I wouldn't post a comment just to say that but the amount of true insight ORiley provides is impressive.

Understating of the web, of SV of business, of growth of IPOs and well reasoned analysis and predictions of what's coming next in funding.

It is long and absolutely worth the read.