From the framing of the post, it sounds more like money didn't happen, at least by the expectations of investors. It was a corrupting influence from the start, just with a delayed impact.

> And to whoever is fired up: The market is ready for a disruption. The tools are in your hands. Build what HackerOne could have been.

This is a rallying cry that should echo across the entire tech industry. Build what * could have been.