I'm sure this is all true, but it looks like he got caught up in a typical Tech Cruch BS sensationalized article and went shooting his mouth off, demonizing an entire industry. Techcruch is a little ridiculous but they obviously know how to get people riled up and visiting their site.
Oh for sure I completely agree and admitted after I said this that some things he said shouldn't have been. I guess I just know him on a more personal level and can say I don't think his intention was to tarnish the industry...but who knows.