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I would argue YC is extremely ambitious, especially under Sam Altman. However, ambition doesn't have to mean immediately investing billions of dollars in new areas. Huge ambitions can start as small experiments to see what's promising. That's how YC itself started too. Like a startup.

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YC's mission is ostensibly to create more startups than would otherwise exist. So how many startups would not exist in 2018 if YC didn't exist? A hundred maybe? The number can't be large because they don't do anything at scale yet.

And yet there's potential for thousands of new startups to exist each year. Most people don't believe this, maybe not even YC, but that's what I'd call lack of ambition.

When ICOs (equity crowdfunding) comes into its own we will have a measure of how unambitious Silicon Valley has been. I predict it will be a shocking revelation.

That's an interesting viewpoint, I appreciate you sharing your opinion on this.

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