Craig is doing things right: he is not greedy and he doing it with vision of general purpose. If craiglist is run by a person who investors like to choose as a founder they will be sold for 10M a long time ago.
The problem with a lot of startups in SV is that their only objective is to make money. Nothing else. Craigslist is very very rare exception.
Flogging yourself doesn't make you righteous. Doing good for the world does.
Craigslist wastes several human lifetimes worth of time every month through maintaining a monopoly product with a shitty UI and refusing to let anyone innovate on top of it. They hold back progress and they are evil. They are the IE6 of classified ads.
The problem with a lot of startups in SV is that their only objective is to make money. Nothing else. Craigslist is very very rare exception.
Now lets downvoting starts...