It really does look like he got caught up in something and completely lost track of reality basically. It's like those dreams, that at least I have, where you have some problem that you're solving and almost there but everything you try can't finish it, and then all of the sudden you wake up and have no idea what you were even trying to solve.
It really shows how the media, these VCs, these paper billionaires, and their followers get caught up in hype storms that sort of self-perpetuate until they hit land.
What's even crazier is that both of his parents are law professors.