For sure he's gutsy, but venture capital today means mostly "putting large amounts of money into startups that have yet to become businesses"-YCombinator demo day is the most fitting example that comes to my mind right now.

At least it's a breath of fresh air... no disruption just for the sake of using a buzzword--rather money poured on a project that has a faithful community, and with some niche design choices. Reminds of anything? Reddit!