It's pretty clear from the context that he means that he has never read the balance sheet of a company applying for VC funding as the information there is irrelevant at that time.
It's highly unlikely, as the founder of several businesses, and long term investor in others, that he could have never read any balance sheet ever.
>> Have you ever written one though?
> PG: I'm not sure. I wrote something for Viaweb that I called a business plan, but never having seen one, I didn't and still don't know if it contains what business plans are supposed to contain.
It doesn't matter though. The title is clickbait at best.
> It's highly unlikely, as the founder of several businesses, and long term investor in others, that he could have never read any balance sheet ever.
Glad we agree.