The entire write up is just ridiculous. His main point is that VC is going to be too hard to come by and PG is too optimistic. He is probably just confused be

The entire write up is just ridiculous. His main point is that VC is going to be too hard to come by and PG is too optimistic. He is probably just confused because his startup failed before the downturn, and thus things must be impossible after the fact. It is such a shame that well-founded optimism backed by helpful actions on the part of PG is attacked, however poorly.