This article is a bit trite. What I thought it would be about is a different kind of upstart fear: fear that telling the world about your product will cause competitors to steal your idea or approach. I think that balancing act is more difficult than being afraid of failure.
If I were evil, I'd point out that the East Coast attitude towards failure is much less forgiving and therefore a NYC VC needs to put lots of focus into alleviating it.
Although ... are unnecessary stealth startups based on fear of potential competition more common on the East Coast? I'm all too familiar with that concept, I just don't know if there's less of it in SV.
