I read the article, and while it touches on a common issue, I don't think it goes far enough. When looking at these problematic incentives that are mentioned, notably the author doesn't really address the incentives like for example where does the money come from.

When you talk about venture capitalists, you often are referring to a bank associated with a venture capitalist. Everything in business after all, incentive wise, trickles down from the banking system.

We can't change the way we do business when the incentives are fixed, and banking in general is only marginally overseen by government; most of the regulation and praxis is done by the Fed which is not government; but a private institution.