This is a very weird comparison. Why not helping Wikipedia and contributing to this huge open knowledge base? The rules set by the WP community for acceptability clearly do not imply that “actual technologies, projects, products, theoretical electrical components and academic ideas” might be removed if written there, as the author suggests.
That articles, or even drafts, for specific American VC-funded projects did not reach WP's acceptability threshold does not mean that there is something fundamentally wrong in Wikimedia's approach. I'd love to see a better comparison.