[thegranderson]

This is almost certainly not written the way it is because he is an asshole (though I have no idea, he might be), but rather because investors seeking to make an investment can be a massive waste of time. They'll say they are open to your terms, but then try to negotiate once you're down the path. A self-funding, growing company has no need for investors, and that situation is not where venture capitalists typically find themselves - usually the companies need cash and VCs have power. It is more typical for PE firms, but usually only when founders want to cash out (or at least begin cashing out) - obviously he's not there yet.

I've seen other companies who have clearly wasted a bunch of time with investors before and have to be super clear about their situation to prevent more wasted time, e.g.: http://buildinglink.com/marketing/public/investors