The VCs all seem really giddy about the situation. I think it's because the labor power tech workers represents terrifies them. They know that technology can be built without venture capital just slowly and perhaps in different directions, but venture capital alone needs tech workers to realize its visions. These guys can't get rich without the consent of the "laptop class" they talk about so spitefully. Finally they get to watch a bunch of those people suffer for no reason. PG is just enjoying the cruelty here.