I'll take a shot. In his post there is not one word about revenue, cashflow, plan for monetization , etc. It's the typical "Let's get more users" gauge of success.
Businesses make money.
Just look at exactly what he is saying. He is talking about his lack of user traction as a reason for why his startup fail. i.e. "my startup failed because i don't have enough users".
Businesses fail for one reason and one reason only.
They spend more money than they make.
While I can understand your values (and agree with them) your definition would make YouTube, Twitter, Facebook, and dozens more "not start-ups". Or businesses.
"Businesses fail for one reason and one reason only. They spend more money than they make."
True, but that's not the definition of a business. Facebook and Twitter are certainly businesses. The "get users, figure out monetization" path is a real-business path (though I happen to think it's riskier).
Businesses make money.
Just look at exactly what he is saying. He is talking about his lack of user traction as a reason for why his startup fail. i.e. "my startup failed because i don't have enough users".
Businesses fail for one reason and one reason only. They spend more money than they make.
How is this a business?