I think he's largely correct beyond just VC-backed companies, though he did seem to go back and forth between "personal" blogging and company blogging. On a sid

I think he's largely correct beyond just VC-backed companies, though he did seem to go back and forth between "personal" blogging and company blogging. On a side note, I found his definition of success to be typical of an investor: If you get them a return, you're successful (oh, and "changing the world" means getting them a return). Pretty boring definition of success.