This would be a more convincing take down of this "market era" if it named one other "resourceful and clever" company implementing this model.
Put another way: When was there a market where something like FB -- explosively grown, headline potential for more, profitable -- could _not_ have raised substantial private capital?
Put another way: When was there a market where something like FB -- explosively grown, headline potential for more, profitable -- could _not_ have raised substantial private capital?