another way you could look at it is "here's what's good about doing it this way" w/out necessarily dismissing VC's as "bad". as a founder you do have a choice

another way you could look at it is "here's what's good about doing it this way" w/out necessarily dismissing VC's as "bad". as a founder you do have a choice of the kind of business you start. I think he just points out that debt-driven is not the only way to grow a successful company.