Sure, there are workaholics who don't get anywhere, but that's a minority. Maybe it's common in SV though :/
>> "I run into people all the time who are putting in ridiculous hours and getting no where."
Were they not productive, or did their idea stink? A ton of the startups that get investment are just really bad ideas IMHO. Why didn't they recognize they weren't getting anywhere earlier, and make better decisions? Why didn't they change their idea, or the things they were focusing on?
Building stuff takes hard work, and sometimes crazy hours. If you're not being productive, then stop wasting time, but if you are able to put in more hours than the competition to beat them, it's going to pay off. Be a productive workaholic.
Google/Yahoo/Apple/etc just wouldn't have been built if people hadn't put in crazy hours. Same is true for most large companies.
I would say that yes, Google had a good idea, but they would not have succeeded without crazy hours. You need both.
But I also think Jasons point about "simple software" was valid. 37Signals is all about simple 'lite' software that solves the basic need, rather than taking on the massive hard problems, and that seems to be more why there's the 'do less' stance.