Does this seem exploitative to other people? Although it is exciting that his app launched, the fact that this entrepreneur is being called "The Homeless Coder" seems wrong to me.
I think the difference is nobody is exploiting anybody else. "Leo the Homeless Coder" is exploiting himself for profit, but Patrick McConlogue is not exploiting anybody. I'm not 100% sure what his specific motivation was, but it doesn't seem like Patrick is attempting to profit off this in any way.
Wesley Willis was schizophrenic and no amount of casual intervention was going to meaningfully improve his circumstances. And, yes, Willis was exploited terribly.
This, today, is just a guy who wants to learn how to code. Good for him; I wish him the best.