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It depends on the media. HBO's Silicon Valley for example depicts being a founder as being mostly stress and existential dread punctuated by occasional moments of great excitement. I find this to be pretty accurate.

Startups are pretty hard compared to a lot of things. Even if you have funding from the most prestigious seed fund, most startups will fail before they get to the stage mentioned in the blog post. The nature of the game is that 95% of the time you fail and the rest of the time you get rich. This is why it's so important to execute quickly and keep trying things until you find something that works.

How bleak this reality is depends on your perspective. If you expect it to be like most things in life where you follow a prescribed path and get a reliable result then it's quite bleak indeed. If on the other hand you want to go out and have adventures it's pretty cool.