By far, the most important statement (although it was all quite interesting) was this: "There's nothing better than to have sophistocated users. And conversely

By far, the most important statement (although it was all quite interesting) was this: "There's nothing better than to have sophistocated users. And conversely, it's dangerous to build a product for giant corporations or, god help you, for the defense department, because then the stupidity of your customer will make you stupid. You want to build a product for clever, impoverished outsiders." Gives me hope that they'll see that in my startup's YC application.