Quoting this video however this discussion is more about Sam Altman's recent claims about YC advice that some of the things might not be really accurate advice.<p>I think on the surface conventional YC advice of launching fast really makes sense. Find a pain point, launch fast, iterate, charge etc.<p>However most of the PMF successes quoted are based on the successes of 2005-2015 which I think really is the golden time of software. All the pain points apparent in the markets were prevalent and you could create companies to solve these pain points.<p>However, it is not the case anymore. Competition is higher than ever. B2B SaaS has almost equal high standards with B2C due to the competition again.<p>There are usually 2 things that happen in my experience with myself and founder friends.
1) You try to find a pain point in a narrow market. You try to go really deep but most of the time you cannot find a common pain point or anything that really is "painful" for the customer. This is because either they are already resolved by some software (like Segment) or are impossible to solve (iOS 14 for user acquisition) or you don't really know how to go deeper.<p>2) You find the pain point but there is already a huge amount of competition. You have to go deep and be a bit different than the rest of the competitors but it gets tricky because being different usually means a different feature rather than a different company building/defining attribute.<p>Hence we see startups more and more launching products after years of building instead of launching fast. The second trend I see is that I see less and less startups trying to do something new. Rather I see them trying to build a better thing in an area where PMF is for sure (which might be smart)