If it is true that...

Hiring unnecessary people slows down a company's progress

and

The number of employees does not necessarily reflect the success of a company

Then it must be true that...

Understanding your business is key to success as a startup

If it is true that...

Startups should aim to be cool and cheap, not expensive and impressive

and

The location of a startup is very important for productivity

and

Hiring unnecessary people slows down a company's progress

and

The number of employees does not necessarily reflect the success of a company

Then it must be true that...

Spending money slowly encourages a culture of cheapness