Very much this!
Ok, technicians doesnt have to be great business man. But i await a grain of logic. Im not sure how he plans to prosper when he sees the rising anger that mostly is a result of missing communication, that again is a result of "I want to do all alone" and so on. Im not sure what his reason is not to hire someone. Maybe he dont trust others (maybe they steal bitcoins) or he fears the new employee wants the same rights and income like the existing ones. But i cant believe he dont see what damage he does to his company, its reputation and his customers by all the missed working hours that lead to problems in all fields.
Avalon shipped a lot of units, and they have a lot of happy customers. On some orders things didn't work out - but the outrage, calling them BFL like, scammers, etc is way overstated. Most people got their hardware. B2 will probably pay for itself, I'm not sure about B3, but I guess we'll see.
As far as chips go, I'm sure people with downstream customers and investors are upset, but they're only a few weeks late so far.
The real competitive risk is the competition at that feature size and smaller from guys like Labcoin, KnC, HashFast, etc.