The Free Press story correctly has me pointing out that very few of the startups we saw in Waterloo were built around the transfer of IP. In fact, I'd have a difficult time coming up with many startups in Waterloo that were based around technology that would have been institutionally-owned if the underlying research had been performed at a university with a different IP policy. That's the message I've been trying to get across for years because it's contrary to what a lot of people believe.
Unfortunately, at the same time, the story has me saying the policy was the "springboard" for the area's success, and that's giving it far more credit than I do. I think the IP policy was useful as one piece in UW's creation of an environment that was entrepreneur-friendly (along with co-op work terms, the attention paid to spinoffs, and other policies and practices that go back decades). But when it comes to actual startup creation or furthering the commercialization of IP, I've never thought that it had the effect that is often attributed to the policy in Waterloo. I don't consider it to be a significant direct contributor to startup creation and never have.
So skip over that part of the story. Maybe the part about me being a "very, very smart man" too. (Thanks Iain.)