The Boston VC Blog is written by a venture capitalist and covers startup funding, founders, MBAs, and the Boston and New York scenes.
HN commenters argue with its claims, for example citing data that a third of recent billion-dollar companies had an MBA founder.
This is empirically false. A recent look at 39 $1B+ companies founded in the last 10 years: 33% had an MBA founder, to say nothing of the MBAs that have played significant early-stage exec roles (e.g., Facebook's Sandberg, Evernote's Gullicksen)[0]
Amazon also does not appear to be "anti-MBA."[1]
A broader misunderstanding comes from the fact that MBAs are all a particular "type." Top MBA programs are going to have everything from engineers to Peace Core volunteers. Is there any reason to suspect comp. sci. majors who spent 3 years at [insert reputable tech, consulting, banking firm here] and then went to get an MBA are systematically worse for tech jobs than those who did not?
[0] http://bostonvcblog.typepad.com/vc/2013/11/unicorns-and-mbas.html
[1] http://www.amazon.jobs/team/university-mba-graduate
Look at this graph of television ad spending over the last 30 years - http://www.nextcenturymedia.com/images/Image3.gif - (the associated article - http://www.nextcenturymedia.com/library/dougross-article-b.htm - is less pertinent.) While there is a noticeable lack of growth during recessions, it's anything but dried up completely.
Jeff Bussgang does a nice job of explaining why VC funds are more attractive to investors during a downturn - http://bostonvcblog.typepad.com/vc/2008/01/whos-afraid-of.html
The sky is not falling.