1) Justin.tv 2) Twitch 3) SocialCam
I suspect if they had to choose one, they would have done SocialCam, and they would have missed the billion dollar opportunity that was Twitch.
Like most things, it depends.
Actually sitting now and deleting part of the code that should have died a long time ago.
This also has the advantage of forcing you to think of the smallest, quickest way to test your hypotheses, which has a fair amount of value itself.
The advice is, in general terms, correct. It is not an absolute, though.
Why were the high touch customers such a distraction?
I would encourage every company, large or small, to work on a real mission statement that can be committed to for the long haul.