Basecamp is a very popular product, and they make a lot of money on it. I am not sure what the particular issue is. What point are you attempting to make?
Also, having worked with a lot of startups, they are living the actual dream. They have a product that makes them lots of money. They get to explore business areas and avenues what interest them. What exactly would be the point of IPOing? Have you ever IPOed a company? Do you realize why companies IPO? Or are you just spreading hatred towards startups that don't take capital investments and just make tons of cash?
My point is that when you see a path of any company that compete with them. You compare it with a books they wrote. The only feeling you can have is a strong disappointment. As a product they stuck in time and dont innovate. They market share clearly tells that. It's not correlate with focus on product.
Also, having worked with a lot of startups, they are living the actual dream. They have a product that makes them lots of money. They get to explore business areas and avenues what interest them. What exactly would be the point of IPOing? Have you ever IPOed a company? Do you realize why companies IPO? Or are you just spreading hatred towards startups that don't take capital investments and just make tons of cash?