Fair point, although he almost does in his conclusion with "capital on hand with block.one" @Jacobt then writes "EOS has 2x as much capital on hand"
Are you referring to the section "Learning from the past" and the Kmart scenario? I kind of skip read that section. Could you elaborate, why you make the point at little ?
I think it's a really important point. @jacobt makes out that the money raised in the token sale belongs to "EOS", but it is block.one's money. Of course they will spend some of it on developing EOS, but the money definitely doesn't belong to "EOS" (which is an opensource blockchain, not a company)