I think you nailed it. PG doesn't view something like dropsend as a startup per se. To him that's just a small business with a chance at being successful. Ryan

I think you nailed it. PG doesn't view something like dropsend as a startup per se. To him that's just a small business with a chance at being successful. Ryan sees Dropsend from a founders point of view: a significant success, but not something that's going to be acquired by Google for $xxM. They're arguing from two different positions about two different things.