Misleading title. The reporter misstated what Tony said to make it seem more controversial. What he actually says is that you don't need VC to test an idea, not that you never need it.

All you need is an idea, basic hosting services and php/mysql to start your own business.

No need to quit your job, code a couple of hours at night and use your friends as testers for feedback.

In less than a month you'll know if it is worth it or not and all you would have spent is $9.95 in web hosting and $9.95 in a domain which you can resell to recover your investment.

Unless you want to live la dolce vita spending millions from funders while delivering nothing, like CUIL.