. >> fred wilson from venture capitalist wrote about the fact that the appeals court decision could dry up vc money and could end the invasinovation of the internet. >> that is unlikely. there is an idea if you have priority agreements you cannot have innovation. but that is not true. look at the history of google. any keypoint of the developments is one of the largest and innovative companies. it was in 2002, after an a lot of internal debate among the company they agreed to pay aol a sum to be their default search engine. you can see innovation. this might change it but good ideas get funded and consumers know good tech ideas >> net flix shot out they could raise prices if they don't get favorable treatment. >> i got the impression they were fairly unconcerned about what was happening. they said if an isp did attempt to degrade net flix traffic they could be upset and encourage consumers to be upset about that. customers are paying for that and to degrade the service makes them look bad. >> host: chance williams of free press? >> isp's do have an incentive to degrade them. if they hav

. >> fred wilson wrote this past the about the fact that appeals court decision could dry up d.c. money and could and the innovation of the internet. >> that is unlikely. that is overstating what is going to happen. youe is this idea that if have priority agreements that you cannot have innovation. that is not true. if you look at google, they will point to a key point in that development as one of the largest and most innovative company. internalafter lots of debate among the company, they agree to pay aol a substantial 'sm to be a wells -- aol default search engine. you can see the innovation. good ideas get funded. consumers new good tech ideas when they see them. i believe good ideas will continue to be funded. outetflix has already shot that they could raise prices if they do not get favorable treatment. netflix release announcement reacting. i got the impression they were fairly unconcerned about what is going to happen. they said if an isp did attempt to degrade the traffic, they would be upset about it and encourage consumers to be upset about it. interest toe isp's degrad

. >> host: now, fred wilson, a venture capitalist, wrote this past week about the fact that the appeals court decision could dry up vc money and could end the innovation of the internet. >> guest: that's unlikely. i mean, that's overstating what's going to happen. there's this idea that if you have priority agreements, that you can't have innovation, and that's not true. if you look at google, any history of google, and they'll point to a key point in that company is development to the present day as one of the largest ask most innovative companies. it was in 2002 when they reached, they -- after a lot of internal debate among the company, they agreed to pay aol a substantial sum to be aol's default search engine. and so you can see innovation. business models might change a little bit, but good ideas get funded. consumers though good tech ideas when they see them, and i believe good ideas will continue to be funded this the future. >> host: netflix is already shot out that it could raise prices if they don't get favorable treatment. >> guest: i didn't see netflix -- i mean, netflix rel

♪ [ cheers and applause ] ♪ >> fred: from 30 rockerfeller plaza in new york it's "late night with seth meyers." tonight -- kayne west, super bowl quarterback russell wilsonaturing the 8g band with fred armisen. [ cheers and applause ] ♪ and now, here he is, seth meyers. [ cheers and applause ] ♪

from venture capital industry, marc andreessen invested $25 million in a company coiled coin base, fred wilsonunion square investing in the same company. you have the who's who of venture money building the next group of companies that will make it easy to buy -- >> to some extent, barry, these guys, they have nothing to lose. they have their money to lose, but what i mean is there's an investment here, an opportunity, and these currencies have proven if you get in early, you might capture more of that benefit as they're built out. that's a different thing than saying this is something that's safe for the general public. >> you have to separate bitcoin the digital currency from bitcoin the technology. there really is no debate that bitcoin as this protocol, as this technology, it has the potential to radically transform the way people send money, the way merchant's accept payments and that's where all the money is being invested. i don't think you can separate the currency from the in fact because you need the monetary base and quite frankly the exchange to make it possible. >> let me pursue m

♪ [ cheers and applause ] ♪ >> fred: from 30 rockerfeller plaza in new york it's "late night with seth meyers." tonight -- kayne west, super bowl quarterback russell wilsonuring the 8g band with fred armisen. [ cheers and applause ] ♪ and now, here he is, seth meyers. [ cheers and applause ] ♪ >> seth: good evening, everybody. thank you so much! [ cheers and applause ] thank you. welcome. welcome to night two of "late night." "late night" the deux. all right. let's get started. a new poll shows that half of new jersey residents believe chris christie was involved in the bridgegate scandal. half of them. while the other half know how to keep their freakin' mouths shut. [ cheers and applause ] christie's approval rating in new jersey has dropped nine points since the scandal broke, while new jersey's approval rating has stayed constant at zero. [ laughter and applause ] anyone from new jersey here tonight? [ cheers and applause ] probably should have asked that before the joke. [ laughter ] justin bieber is back in the news. our good friend justin bieber. justin bieber is planning to reject a plea bargain for his dui charges because he doesn't want to subm

wilson was this, was this repression. not necessarily from, directly from the executive office, but countenanced by the executive office. >> fred, will you take one or two more? >> sure, as many as you'd like. >> [inaudible] >> the savant in the front row too. >> this will be the last question. >> hi, thanks. my name is pete chase. referring to one of the answers you gave earlier tonight, you said that what liberals despise is egalitarianism and, in particular, democracy i guess because it empowers the average guy in a way they find deplorable. but i'm having trouble squaring that with calls on the left, it's always for more democracy. repeal -- i mean, the 17th amendment, the calls for the abolition of the electoral college. it seems like on the left they're always calling for more direct democracy, and i'm having trouble squaring. >> stick with that word, direct. i think that's crucial. they want more direct democracy to create a more direct centralized society so that when you control the center, you control the entire society. what they're opposed to is republicanism, small r. self-government on the local level. respondent