More blather from the guy who wanted devs to stay on for years in dead end jobs so people like him wouldn't discriminate against "job hoppers" and when he got thrashed on HN for that article (http://news.ycombinator.com/item?id=1287110), wanted to give us advice on "How to improve civility on HN" (http://www.bothsidesofthetable.com/2010/06/03/some-tips-to-i...) which had its own discussion at http://news.ycombinator.com/item?id=1400882.
As for the article itself, summary -> "As many of your employees as possible should be collocated. I have weird preferences on which specific employees (with specific titles!) can and can't be co located and will fund only companies which meet those criteria."
Useful nonetheless. Potential founders get fair warning on which VCs to run from.