Lightspeed Venture Partners' Jeremy Liew talks with Recode's Kara Swisher about being a venture capitalist in Silicon Valley at a time when the Valley no longer represents most tech consumers. Liew argues that startup founders are popping up all over because they're now making products for Middle America and the third world, not just Palo Alto and Brooklyn. He also discusses working at AOL after the notorious Time Warner merger, Snap CEO Evan Spiegel's crucial insights that enabled Snapchat's success, and why he's not too concerned about "four years of bad presidency."