Techcrunch misses on some of the small details.

For instance:

"... he shouldn’t have claimed that Bootup Labs was running out of money (which he did in the original title of his blog post)." [emphasis mine]

I believe that the part in italics should read "original title of his HN submission."

The article also states that Bootup Labs responded in the comments on HN. I haven't read every single comment, but I think Techcrunch is confusing a copy-and-paste of the blog comment by someone not associated with Bootup Labs with a response by Bootup Labs itself. Here's a link to the comment: http://news.ycombinator.com/item?id=1266863