One thing that wasn't clear from the article, what does he want to spend the money on?

If it's marketing, I don't see why they can't do that with existing revenue. It's not as expensive as say a retail location for a starbucks and they must be doing some revenue with ads and job board already.

If it's hiring more developers that might make sense, although I can't think of any huge features they don't have yet.

Overall, not sure I'm convinced this is a good play for VC. They are growing nicely without it.