Really? I mean math is something irreplaceable in CS.
It would be replaceable if it was something like "web apps development" degree.
On the other hand, these companies do need talent who never the less have skills that are rleatively rare. They shouldn't need to pay engineers the $200k+ salaries of big companies, but expecting to get median quality engineering without paying more than $110k/yr is as ridiculous as a non-degreed "webdev" expecting $180k/yr because he can slap some customizations on bootstrap and poke around a Ruby codebase.
The last piece is in many start-ups I've seen the programming team will own or co-own Analytics because of a lack of statistics skills on the business team. Again with a small team not having a solid math and stats background has huge implications on the data analysis portion of roles.