I will say this, though: According to my personal values, if he is wronging people, it ought to be wrong regardless of whether he is wronging the rich and powerful or wronging the poor and helpless.
Which is not to say that he wouldn't be burning bridges, but if I were to feel that he was wrong to publish this, I would feel that way on the basis of deciding that he was being mean or petty or spiteful or hurtful.
I guess I just don't see the people he is satirizing as perceiving themselves as being hurt by this deck. It could be a question of timing: I might feel differently about the exact same post if it came at a time when VC's were laying analysts off and we were treated to pictures of employees carrying their personal effects to their cars.
Hopefully, Matt will turn their attention to the slide in his presentation that talks about net revenues and EBDIC, then say smoothly, "Of course I wasn't talking about you guys, you obviously invest in quality companies with actual business models."
Such a conversation would probably go well.
In my limited experience with VCs and angels, they almost all do.