The Distractions of Social Networking

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"I feel like most people like to waste a lot of their time at most ages," he says. "You're just hungry while you're doing it." Twitter and Facebook, these social networking experiences, are for young people, not over 70-year-old men who don't need computers or cell phones. But the interesting question is whether it's the younger people, because these things are foryoung people, or whether it's the younger people.

Paul Graham, essayist, programmer and partner in the y-combinator talks with EconTalk host Russ Roberts about start-ups, innovation, and creativity. Graham draws on his experience as entrepreneur and investor to discuss the current state of the start-up world and how that world has changed due to improved technology that makes it easier to start a software company. Graham talks about his unusual venture firm, the y-combinator, and how he and his partners work with start-ups to get them ready for more advanced funding. Along the way, Graham discusses why hackers are like painters and how to survive high school.