I suspect there's a lot of validity to the premise that big companies aren't going to attract entrepreneurial talent.

The social marketing teams of big companies will always figure out a way to advertise on Snapchat. I'd like to create a space for people who have a lot of talent but not a lot of reach.

If you look at it that way it is quite a big burden, particularly on entrepreneurial companies. In an indirect way what that does is translate into a much higher cost of capital for companies like us.

Google started out when the dot-com boom was happening. It grew under the radar of big companies that were competing in but basically ignoring search. Then they were able to really invest during the bust for a long time.

Big companies have always needed and cooperated in areas where it made sense.

There's a lot to be said about what's happening to our ocean, big companies polluting it with their oil and all the raw garbage that's being spilled in there.