"This article is definitely entertaining. It's vapid and catty and well written, and accurately portrays an event from an outsider's perspective. Of course there are lots of things that look like "bad ideas" on their face. On the other hand, there are lots of ideas that seem dumb at first that grow into interesting companies that end up solving legitimate problems.
Overall I think the event was very well run and I met a lot of great people. I was there with the goal of getting something out of it, though, and that something was connections, potential partners/customers, and some more pitch experience. Obviously the author got what he was looking for as well.
I think it's important that the "startup community" (I hate that that's a thing people say) gets kicked in the balls every now and then. For example, this look at TechCrunch Disrupt: http://www.buzzfeed.com/jackstuef/scenes-from-the-pounding-h...