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.

I guess if you include contractors that are six or seven people working on reddit, but when we got acquired there were basically three and then in the years since, we've added three more developer hires full time, and a community manger. But the site is still remarkably small.

It turns out the Internet is this amazing resource for everyone who has access to it.

If you look now, more than ever new entrants, new upstarts, are able to grow so much faster than they could before.

If you have things or are involved with things that turn on, it's going to have code. And there are so many people - let's pick on the historians - even as a historian, let's say I ended up going the road of being a historian, just knowing some basic scripts, any kind of automation would have made me a 10 times better historian because I wouldn't have to sit there changing every file name to "1234" and then "12345." It can have a transformative value.

No, everyone has great ideas, but what makes a difference, especially online, or just in life, is actually doing it; getting that first version out there.

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.