Anyway, I consider what people tell me and then make my own decisions. I'm slowly disconnecting myself from my friends, and I don't see that as a bad thing. I see it as a way to focus my concentration entirely on my startups.
It depends on how much you value your friends versus how much you value your startup. You're going to marry one of them, so you'll need to figure that out at some point.
Some people say you can do both, but it's like getting married in my opinion. Once you get married, you can't keep hanging out with all your old friends like you always did. You're committed to someone (or your startup) from that point on, and unless you really put in the time and work at it, it probably won't work. I can think of very few things that work by just casually doing it on the side (ie Facebook). Even in that case, Zuckerberg is an entrepreneurial individual and had a strong interest in programming.
This is all coming from a college kid who has never been married, though. I speak not from experience, but from observation ;)
Start losing sleep tonight, then two days from now decide whether it was a good idea or not. It depends on you.
Don't let a business and money consume your life.
1) Your body needs sleep.
2) In the end, you'll probably just waste time you would have spent with friends here or somewhere else.