[zafriedman]

One observation. I posit that in certain situations, when from the outset a startup sets out to attract a microsegment which is the subset of an existing market that is owned by a major competitor, and furthermore has the explicit goal of being acquired for somewhere between $5 to $50 million by one of those major competitors, that this is valid. Being that in select situations this is a valid undertaking, it must follow from this that the actualization of this explicit goal represents success, and not failure, neither on the part of the founding team nor in terms of product development. Perhaps the dollar amount I cited here is what the OP would consider to be a "buy-out offer [that] is spectacular", but to the extent that it isn't, it's ostensibly wise to consider the opposing viewpoint.