The point is that this represents a coöption of the term hacker by the venture capitalist community -- it's always easier to convince someone to accept less val

The point is that this represents a coöption of the term hacker by the venture capitalist community -- it's always easier to convince someone to accept less value as recompense for what they produce by convincing them that they are engaged in a noble or even a personally virtuous (see e.g. "guru", "rockstar") pursuit.