Let's do 150 stops. Let's go to 75 universities, and let's spread this gospel of Internet entrepreneurship everywhere we go.

If you want to succeed, you've got to be okay to just lose control.

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 were a snarky Reddit user though, I would say, hypothetically, that that would just be like reading Reddit's Front Page a day later. But I'm not going to go there.

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.

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.