The state of the media industry (i.e. failure of Gigaom and the success of Buzzfeed) seems to be a pretty strong counterexample to the oft-given advice by YC an

The state of the media industry (i.e. failure of Gigaom and the success of Buzzfeed) seems to be a pretty strong counterexample to the oft-given advice by YC and others that "It’s better to build something a small number of users love than something a lot of users like"[1]. [1] http://blog.samaltman.com/startup-advice-briefly http://blog.samaltman.com/startup-advice-briefly