I’m from Kenya, and although their isn’t much frenzy about acquisition of start ups..the hype is pretty much the same. I couldn’t agree more with you.
In fact, I wrote about a similar piece a while back myself: http://chronicles.katanawebworld.com/the-undoing-of-startups/
Business is binary: you either generating revenue and on the path to profitability (or at least have an idea how you intend to achieve this) or not.
Great piece. 😍