Citation needed.
There are studies out there showing that productivity is proportional to days spent on the problem, not hours. It's likely that for a knowledge worker, sustained schedules with long workdays actually reduce average productivity.
http://www.jamesshore.com/Articles/Business/Software%20Profi...
There may be some exceptional people who can defy this rule, and it's possible they are concentrated in startups, but I'm dubious.