Not all ventures require lots of savings. (Time? Definitely). It is conceivably possible to try and bootstrap something outside of working hours.
The original author was able to devote much time to GitHub projects, so it's not a stretch that the author might be able to bootstrap an idea.
The skills required to build a product or service people will pay you a livable wage for are not the same as those needed to write an open-source library. I've seen people with terrible coding skills make successful products with a "Rails for Dummies" book on their lap as they go (they hired pros later to clean up the mess), and I've seen excellent coders flounder with terrible ideas and business execution.
Personally I'd love to jump off the hiring hamster wheel, but realistically - outside of consulting (which has its own share of nightmares) - I don't see that happening even if I do come up with the perfect idea in the shower tomorrow.