"next big thing looks like a toy" era is dead

the software industry is mature and requires big shots on goal to win

incumbents can't win because of risk aversion and process rot

so rounds get way bigger, founders respond by optimizing for status

yc becomes a cute memory...

Corollary: the next generation of “true” startups will look and feel very different

above is tongue and cheeck

i'm a believer in small teams with conviction as being universally impactful

100%

History rhymes — you can never get rid of David or the Goliath archetype 

But the next yc wont look like yc