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No, he says he ran out of research money:

>I admit that I resent running out of research money…recent applications from our lab have had their lungs ripped out, often accompanied by sneering, personal denunciations—perhaps reflecting the fact that this old-timer has lost his touch.

It's more disingenuous to say that the title itself is disingenuous.

If a startup winds down because it doesn't get funding, it's perfectly ok to say that it wound down due to lack of funding. Saying that it wound down because others got the money that could have gone to them, is a really really weird way to phrase it.




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