Speaking for myself, I don't really think the story is about a bad pitch. Business is business, you sell your company any way you like, and people buy or they don't buy. We may laugh at the false bravado, but we are probably laughing at the hard-sell penny stock promoters while they are making millions.

Any way, I think this story is really about how to burn a referral source. IMO, if you are approaching a VC directly, you use any pitch you want and I say good for you. But if I refer you to a VC, I want you to think very hard about what your pitch says about ME before you make it.

I think that is a very serious matter, and that is the issue I have with the anonymized founders in the story. They clearly did not consider what their referral source would have to say about being associated with their pitch.