Agreed. There were some true gems in this there though:
1) This guy is the 29th ranked Facebook user. - WTF does that mean? 60% of the time he works every time.
2) Zynga is worth $12 billion. - Maybe in Zimbabwean dollars.
3) "Rutkowski asked Schmidt what Google was doing with “Web 3.0” and Schmidt replied Web 2.0 was just a marketing term and that he was “the inventor” of Web 3.0." - I'm pretty sure he got trolled by Schmidt.
Taking a quick peek at the Founder Institute's web page it looks like the type of business Tom Cruise was running in Magnolia. This is getting filed in my "Check these asshats predictions!" folder to be opened in 2015.