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In fairness, he does state that this is just about his boredom. At the end of the day, its up to him and the YC stakeholders to decide how much his personal bor
by dharmon 10y ago
In fairness, he does state that this is just about his boredom. At the end of the day, its up to him and the YC stakeholders to decide how much his personal boredom is worth in terms of returns and missing The Next Big Thing.
The danger is in forgetting that all the big companies with lofty mission statements ("Make the world more open and connected", "Organize the world's data") did not start out that way at all. They didn't develop them until well after the point that some place like YC would be investing.
In fact, there might be an inverse correlation: companies that start out with huge, inspirational missions before they even have a user / customer are more likely to end up failures. I could think of many reasons why.