It doesn't sound like she makes a good CEO to me at all. Not because she's a woman, but because firstly, she is spending more money than she should be, and secondly, because she sounds like an emotional wreck.
I agree with you that her business seems very unsound, but she should get massive points for being honest and sharing this with people so others can learn from those mistakes.
Most people are not good CEOs. Her story is just written from a much more human angle than the other "not good CEO" stories that show up on HN.
*makes a living blogging (and is part of that circle)
*wastes money
*essentially has no other skills
*writes like a pierced emotion
*embellishes everything (how can you be truthful about your life when all you do is blog?)
*is not level-headed (wish she was my CEO!)
*is running a goofy business
*contributes nothing to this business beyond her money and her celebrity
If Fred Wilson or Mark Zuckerberg wrote this blog post how would people react? The only reason you're defending her is because she is a woman, and, in fact, you've been sucked into her 'read my blog' trap. You need to check yourself man, because it sounds like you have some mushy ideas in your head.This is about a FAILING BUSINESS, not about which extracurricular gets equal time down by the quad.
Her chosen profession, spending habits, personal life -- nothing else is relevant to the discussion.
Check out Brazen Careerist for yourself.
Also, it's not like she's writing about mobile technology and people are posting her spending habits out of nowhere.
I think the comments here are a great example of why women don't want to be in this industry.