The stage of investing that I do is seed stage, so it's really early. Here's a pair of founders who maybe have a prototype. They have a little bit of traction, maybe one employee, tops. At that stage, you really, really can only evaluate a company based on those founders and what they've been able to build. It's very, very team driven.

It takes discipline not to let social media steal your time.

The problem is these politicians have very, very big interests in being re-elected, and the money that gets them there is provided by people who don't necessarily have the interest of the public in mind.

Having that kind of endorsement and having Paul Graham's readership coming to your site and contributing to it and building the foundation of the community was just a really invaluable way to start Reddit.

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.

What one realizes there is that we are not in control of the [reddit] community, in any way, shape or form. We have no power over it and so we've lost this total control.

The Internet is, as a communication platform and a learning platform, unparalleled because whether you want to learn something or share something, it's simply a few clicks away.