This is a good thermometer reading. I'm pretty sure many communities are prepared to extend this indefinitely if current plans aren't reverted. I do believe him when he says

We absolutely must ship what we said we would.

I don't know who the angry VCs are who get to pull his strings but if this gets their attention - it may or it may not - reddit might budge on things a bit.

At the end of the day the company is hopeless to make a profit with him at the helm. This memo sounds slightly nervous and lacks confidence. He has no clue what he's doing.