Maybe, but it's useful for the 95% of us for whom this doesn't apply (because we don't have a startup). I don't have time to read every story on HN, so I'll often check the comments first to determine whether it's worth reading the article. His post told me everything I needed to know about the article without me having to read the details that don't apply to me.

(But yes, in this case it only saved me a whopping 30 seconds because it was only 4 paragraphs)