Kevin Systrom

We have to get rid of the constant fundraising that happens inside the Congress. Before, political parties used to raise money; now, individual members are raising money through the DCCC and the RCCC. It is absolutely corrupt.

My venture investing career has three phases, all roughly 6-8 years long. The first, at Euclid, was software to Internet. The second, at Flatiron, was Internet to bubble. And the third, at USV, has been web 2 to mobile. I have always used a new firm to denote a new investment phase for me. Throw away the old. Start with the new.

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.