... but the pendulum has swung way out of whack here. A bad idea is still bad, and the pivot happy world we're in today feels suboptimal.

The role of the board is advice and consent. If the CEO does not lay out a clear strategy and tries to get the board to set one, it will usually end in disaster.

You want an idea that turns into a monopoly. But you can't get a monopoly, in a big market right away; too much competition for that.

Every company has a rocky beginning.

You need this sort of a tailwind to make a startup successful.

The most common post YC failure case for the companies we fund, is they're incredibly focussed during YC on their company... and after they start doing a lot of other things. They advise companies, they go to conferences, whatever.

You only get points when you make something the market wants. So if you work really hard on the wrong things, no one will care.