The goal shouldn't be to be the next Silicon Valley (there'll always only be one of those) - it's to be your own startup community.

Hundreds of these companies I've seen since the beginning stages - including Dropbox and Airbnb - one of them has actually been crushed by an incumbent. The Googles, the Twitters, the Facebooks, they might be someone to acquire you, which is not necessarily a bad position to be in.

I think we are a better and a more efficient society when people actually get to do the things that they really are passionate about, and really are amazing at, because it's going to mean better stuff for us, too.

Let's say you're all worried about student-loan debt and you need to have steady income. That doesn't have to be your everything.

The best part of being an angel investor is seeing these kids coming up with companies that get way more traffic than Reddit had when we sold it. I think, 'Are you kidding me? They're just kids, and they've done so much.

Nothing will replace good journalism.

It's a lot easier to convince uninformed people than it is to convince politicians.