There's a kernel of truth in that a lot of start-ups are pretty bad at product development or working in a sustainable way that produces quality results, becaus

There's a kernel of truth in that a lot of start-ups are pretty bad at product development or working in a sustainable way that produces quality results, because the founders are focused on something else -- the "vision", the business model, or even hiring. If you add up all the generalizations in the article, though (e.g. looking good for a future acquirer above all else) we're talking about a small fraction of start-ups, not start-ups as a category.