Evan Williams

If you look at the Internet, the vast majority of start-ups are not successful. But the ones that are, are very very successful. So you can't point to the unsuccessful ones and say, 'There's no hope for this field.' It's just that they had the wrong idea or they had bad execution.

Well, there's no question that the law passed in 1996 was flawed. It deregulated the wholesale market, meaning the price that the utilities had to pay energy companies for power, but not the retail market.