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.

If I'm at the University of Georgia and I can't inspire this room full of students, OK, fine. I'm not going to take it personally. Maybe a little bit, but I'll be all right.

I can't begrudge anyone who opts to get a job instead of creating one for themselves.

Everything is derivative. Everything is a remix, and we all stand on the shoulders of giants - a great phrase.

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.

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.