What this piece misses the obvious financial privilege that many startups have. Uber is slaying yellow/black cabs around the world, but only by massively subsidizing its rides through investment capital. Amazon is the world's largest store, by working on margins that don't let people who actually expect a return on the investment compete.
It's gotten to the point that if a company actually does things the old fashioned way: taking a small seed, creating a product that people want, selling it and expanding based on that revenue... we ooh and ahh, calling it "organic growth". Everywhere else, it's just called "building a business".
Pair that with the "thought leaders" who dismiss businesses that allow people to build a life for themselves and their families. Because Silicon Valley isn't really about making things anymore, it's about making financial bets. And that's a shame - watching billionaires blow money on reinventing the vending machine isn't much fun.