I agree. Starting a company isn't a glamorous lifestyle that mass media portray it to be. During startup, you spend a lot of time figuring out how to cut down food and housing costs, how we're gonna pay for salaries and office expenses 6 months later, etc.
You have to try EVERYTHING you can, and that's what makes / breaks a startup.
P.S. A lot of people on HN or even many people at Startup School seem to be interested in startups for the "lifestyle" that doesn't exist in real life. In the real world, your company is not Pied Piper.
Further, if he gets a break in terms of bigger investor who happens to be a passenger. This is what everyone will start doing!