"he got us to this point a 1 1/2 years ago"
If "this point" for you is just share price, your argument has support. However in the current world "this point," meaning today, clearly shows significant revenue increases, as well as a significant increase in company head count, pending deals and increased public knowledge of hardware based security.
Closing deals in this environment is not the same as closing the purchase of a car or some such everyday commodity. Wave is playing in a large scale environment. Closures will follow large scale analysis, and much ground work here has been well laid.