However I think keeping quiet can actually be a negative in this business. Blowing your own trumpet seems to be a good way to generate hype and funding (which then generates more hype), and that can sometimes be enough to propel a startup to huge success.
Not disagreeing with you, just offering another perspective. Like I said, I think the truth is somewhere in the middle and is probably a bit more complex.
FTA I linked:
> Four different tests of 63 people found that those who kept their intentions private were more likely to achieve them than those who made them public and were acknowledged by others. [...] Once you've told people of your intentions, it gives you a "premature sense of completeness."
Like you said, the trick is probably somewhere in between.
See: http://lifehacker.com/5921478/shhh-keeping-quiet-may-help-yo...
In my opinion, the truth may be somewhere in the middle and is probably context dependent (surprise!).