I don’t disagree with the article, I believe Blank accurately describes the current vc mindset. I just think he missed an opportunity to point out its pitfalls and in doing so implicitly endorsed overfunding.

My argument is that even as a vc with unlimited funds, overfunding a startup may be suboptimal. You paradoxically decrease its probability of success by misaligning the startup leadership’s incentives at a crucial pre product-market fit development stage.

Steve Blank basically spent the whole article destroying Lean startup and dropped in the conclusion that it's still relevant to avoid rubbing Eric Ries the wrong way.