Starting a company that makes a product people love and has no revenue model and then selling that company for a billion dollars to a larger tech company and then letting the new owner take the fall when it’s inevitably either “ruined” or killed is the Silicon Valley dream.

Starting a company that makes a product people love and has no revenue model and then selling that company for a billion dollars to a larger tech company and then letting the new owner take the fall when it’s inevitably either “ruined” or killed is the Silicon Valley dream.

—Yahoo, Flickr, and Instagram: The myth of the lost opportunity.