>"and anyone who isn't pissing their pants with joy about receiving an offer, even if they're not going to accept it, has a seriously deficiency in their Oh Shit Is This Really Happening receptors."

Of course you piss your pants with joy. But its more of a, "no matter what happens we're going to be okay" thing. There are many examples of that investment vaporizing, either in the startup stage or when they unleash the business on the public. It's happening with Zynga as we speak.

So, I can understand being happy about it, but calling it a business "success" is a stretch.