> ”If you're the first to call something, you'd better be right. If the monster turns out not to be dead after all—if they can somehow morph themselves into something startups have to worry about again—I'll look like a fool. But I'm willing to take that risk.”

I do think that startups worry about Microsoft. Slack worries about MS Teams I believe. So I think Paul Graham looks like a fool on this one. And that’s ok, he knew the risk, and even laid out the terms which would make him look like a fool.