What does it mean to be officially retired in the YC firm world view anyway... if you have a significant ownership stake are you actually ever really retired? Are major decisions not vetted by the stakeholders? YC was founded by JL and PG (I'd assume equally). And this decision is now described as a JL decision.
Anyway, there's a Hollywood movie in this drama... maybe I'll write a script using ChatGPT... :)
As a guess: It means he got to see his kids grow up instead of working 100 hours a week.
He handed off a lot of the day-to-day scut work. He didn't go "I'm just a shareholder who reads the annual report and counts my pennies from the DRIP."
Anyway, there's a Hollywood movie in this drama... maybe I'll write a script using ChatGPT... :)