[gist]

The essay is really just self serving to keep stoking the YC starmaking machinery (see lyrics to 'Free Man in Paris' by Joni Mitchell). Keep people dreaming and some of the crazy ideas will hit.

People often forget that even Apple (or might not know if young) was not wildly successful and almost went bankrupt (or close to that) and had to be bailed out by Microsoft.

Also forgotten is that the quality of the execution matters a great deal. Dropbox or Coinbase w/o good execution and attention to details would not be where they are today. Ditto Color Labs with great execution would not work necessarily.