When tech startups == closed restaurants
blog.scoutapp.com
blog.scoutapp.com
I think the restaurant analogy is flawed because the accounting for fixed and variable costs doesn't jibe. You can bootstrap a software company with minimal investment - as YC itself proves, but restaurants require a building, cooking equipment, tables, chairs, dishes, etc. Plus, you can start a software business in your spare time - something I doubt too many restaurateurs attempt.
I own a restaurant and I release early and often!
I don't like the analogy either as there are not enough details. A lot of restaurant startups I have noticed that tank think quality is everything. The have a two-month burn rate and need to be smash hit by the third (I am speculating). I don't want to contradict what I just said about web application quality but you got to balance and hang around for at least certain duration. I like this article on the subject of duration http://www.dshen.com/blogs/business/archives/lasting_two_yea....
IMHO 30% Marketing. 30% Fiscal management and creativity. 40% Continued application development and enhancement.