I'll expand for those asking. The first third of the presentation does such an excellent job of steel-manning the case for concern, that I couldn't wait to hear his arguments against it. When he gets around to that, he reaches for a made-up concept he calls the "outside view" where he argues you should ignore rational arguments (aka the "inside view") if the person making those rational arguments seems weird.* Slides follow showing VCs in bad PR photos. What more evidence does anyone need?

*"But the outside view tells you something different. ... Even though their arguments are irrefutable, everything in your experience tells you you're dealing with a cult. Of course, they have a brilliant argument for why you should ignore those instincts, but that's the inside view talking."