Nothing new here, and upwards of 80% of it is common knowledge on HN.
Pick which two of the following three items are desirable: revenue, launching early, hiring your uncle as CTO. Wow, you're a sharp one, aren't you.
On the other hand, I sort of liked this phrase:
Don’t believe that the exception is the rule. ... Twitter is the exception. Facebook is the exception. YouTube is the exception. There, I listed all the exceptions. Everyone else needs revenue asap, or you will fail.