The surveillance state has run amok. Technology that's enabled us to send selfies 24/7 - not that valuable - has also enabled us to be spied upon us 24/7.

If I didn't believe in rooting for founders and investing in founders, I'd be a bit of a hypocrite.

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.

Every founder has to delude themselves into thinking, "Yes, it's going to be big. It's going to take over the world."

We were very, very lucky being in the first round of Y Combinator because that alone generated a lot of interest. A lot of readers of Paul Graham were just excited to see what was going to come up. And we were the first ones to launch.

Nothing will replace good journalism.

I think the one advantage to a failed - recovering, but a pretty broken - economy, and a lot of broken promises, is that we've pulled the veils from our eyes way earlier than most people do, and realize "Hey, you know what, maybe I should try do this thing that I really care about, and why not spend the time now during my best years to get into knitting, or coding, or swamp boat sailing." And there's this resource called the Internet that's going to provide you with a stage and a library for all of those things.