emily: welcome to the vanity , a gathering of powerful minds in technology and media. ♪ emily: this is bloomberg west. a technology firm is scrambling overturn auropeans data collection of agreement. an important new product to attract more mainstream users founders and a celebrity

surprise joins us. photobombed us. this is where technology and his miss come together for conversations about innovation and shaping the future. one of them is a startup that has a faster and less pain ful alternative to blood testing. it makes the ceo the world's youngest billionaire. i am sous on the set, excited that you are here. i have been watching the company you and this is something

founded it when you were 19 years old and you dropped out of college to do it. i will like to hear from you the vision on where you want to take the company. >> it is wonderful to be here and this is a wonderful program. the company is about realizing a a place,re we go to because of our work, person by person, everybody has the right to have access to health information at incredibly low cost and in a wonderful way. that means changing the way we think lab testing is done today. emily: one of the things about the technology is that you can run a fingerprint and dozens of tests, saving money and pain. how much are you saving? and wetart with money have taken 200 tests available for less than $10.

than $15.are less $2.99.terol is people with high insurance to dockable's can afford it. in the same way, we have done the same thing with blood and reduce the amount of blood taken from the arm. >> i have not encountered the tests. what are the hurdles? >> we have a wonderful partnership with walgreens, which is national. >> it is limited. >> exactly. locations inple of california and we just started in pennsylvania. there are too many companies

that have grown too fast. you cannot afford to do that because the stakes are too high. we think about it person by person and city by city to build on it as we can ensure the integrity of the service. arizonais next after and pennsylvania? >> california. us theyou are giving power to do blood tests without the need for a doctor. where are we going to see this next? >> i had the privilege of drafting this thing i believe in so strongly. i believe in getting access to we believetion and that this is something that should be for every person. it is something we are working to do state-by-state.

approval for the diagnostic devices, what will be the impact on the rest of the markets? >> we were fortunate to get the first clearance and clear away verse system this summer. it has been interesting to see the response from the industry fed falseaggressively information about us to journalists and physicians in markets we are in. we work hard to keep our heads down. i believe that we serve the integrity. >> how seriously does this disrupt the business model? emily: how much could it hurt their business and help yours with the fda approval? >> i believe it should be the ,tandard for all lab tests and

right now, it is not. that is a controversial position to take. we are working to solve the problem of every person being able to engage with their own health information and we are building the business in a different way. to changeis helps the market and what it means for the individual to be engaged in the testing, which will change everything in health care. the minute you allow consumers to play a role, you allow consumers to create a market that does not exist, right now, and health care. over $10s valued billion. what is next? >> we like being private. in an incredibly fortunate position where we have built a business around

operations. with henry a board kissinger and george scholz. a you have to negotiate treaty with russia, you are in good shape. >> it is incredible and we use the board for good strategy. this is about changing the health care system. it has been wonderful to be part of this and to have the privilege of people who have built a phenomenal company and understandreally what it means to lead a great business. emily: you are trying to reform medicare and medicaid. what do the programs look like? would incredible win showcase technology and savings

can be realized without having to cut programs or raise taxes. what that means is, 10-20 years in, asw, companies come we have been doing, and they .ill medicare and medicaid creativity and innovation that can be applied to resolve the issue. emily: the founder and ceo of theranos. thank you for joining us. we will be watching. thousands of american companies have a major problem on their hands of the european union top court overturning an agreement today that allow american companies to handle the day to of european consumers. under a "safe harbor" agreement,

they were allowed to. it raises questions about amazon, facebook, google operating in europe without breaking the law. coming up from the vanity fair summit, we have julia with us. this unicorn going public anytime soon? ♪

dorsey is not wasting any time to grow the user race after seeing named the permanent chief. he rolled out a thing called "moments." it is designed to appeal to people who are not regular users. this is what had been called project: lightning. we spoke to him about the project. for me, it is a platform that has more potential than any large company out there. i imagine scenarios where it es higher than it is today. still, a lot of work to make that happen. the most important people in the world in almost every sector covet and generate the twitter

handle. that is a lot of potential energy, if you can harness it. emily: optimistic. perhaps jack dorsey does not have a hard job at all. >> it has an easy job, right? mismanaged as badly as possible. if he is able to fix a lot of basic things, which, from a moral authority, he has to be able to do, these things are never easy and business. he has a nice tailwind. emily: we are back at the vanity fair establishment summit. still with me is brad stone. joining me now is the founder, julia. great to have you on the show.

you recently made an appearance in fortune magazine as one the top places to work and you trumpeted some of the diversity numbers, which are important. you worked hard to diversify. to ranke were excited number 50 in the first year on the list. included in this was the gender stats. they are above average. 50-50.the board, technical, 25%. executives, 40%. thats good to see a nod to . it has been a part of our culture for the last 10 years. >> a new list today is called "the future list." it ranks firms and it was pretty dismal.

we arty know the numbers are not great in venture capital when it comes to -- we already know that the numbers are not great in venture capital, when it comes to women. they have a lot of work to do. firms.ot about the vc it is about women founders and leaders. oft is the most potent form changing gender inequality. emily: exactly. you are the second female founder on our show today. you guys are doing pretty well. julia: it is hard to be a mother and a founder. the more i have women around me, the more i feel empowered. that, as amake sure company, we are supporting

working parents and we are honest with ourselves when we have an area that we need to work on. billion in ticket sales. capped a wide gap and ticket income providers the do-it-yourself list. the gap was large and we are a multi-category ticketing platform. eventbrite.to like to connect and they come to events like this summit. we bring the world together through ticketing. it turns out that it is a good business. >> do you embrace the definition of, "unicorn?" >> i guess we are magical.

can we for phil promised to investors that we can drive real value? >> if the climate shifts, what you do to adapt? >> in the last nine months -- forre, we were going efficiency will stop we saw the writing on the wall. first rodeo and we knew that we needed to make ourselves bulletproof if we wanted to stay independent. i'm happy to say that we are on that path will stop -- on that path. eventbritesaid that will go public and company should operate like they are going public some day. the idea that you never have to go public is unhealthy. what is your response to that and what are your plans now?

i agree that we should be operating as if we are going public tomorrow. we do not want to go public tomorrow. we are getting ourselves ready to be a sustainable public with optionality. capitalot rely on markets for growth. you have to start your own growth and that is, again, very unsexy to talk about right now. it is number one, if you are going to stay independent. it is a different ballgame. emily: it is not about being sexy. with us.have you thank you for stopping by. flickrht up with the cofounder earlier today. company has doubled the

valuation over the past year. says see what butterfield about us not seeing in a bubble. >> there will be a correction at some point. it will pop and there is nothing behind it. or, will we see an adjustment? these companies need strong valuations and a lot of growth. will the bubble pop? that is the argument i have. there is something behind this. emily: as we wrap up the conversation, a guest. >> a new way of drafting socially. emily: all right, stewart butterfield. !jerod lehto >> it is good to see you. emily: this is a photo bomb.

what are you investing in? >> my best investor is, i kid you not, slack. he has made my company more efficient. >> is that the joker hair? emily: is that batman? he crashed oury party. bradley cooper is here, too. it has been a pretty good day. we will have more from the vanity fair summit coming up. ♪

emily: welcome back.

the newive at establishment summit here in san francisco with a who's who of silicon valley. zuckerberg is on the magazine. joining me is the writer of the cover story on zuckerberg. >> you are the unicorn journalist. emily: you have been beating us all. >> thank you. emily: let's start with the summit and how you compiled the list. this is a killer list and these are people who are tough to get. >> starting in february, march, we call every smart person we know and we say, "who has the most influence?" we are about business" role. -- business and cultural. secret sauce that

goes into the final rankings. and, there you have it. we have a lot of people show up and do live conversations. your piece onht zuckerberg was incredible and it had so much we did not know. talk to me about writing that and meeting mark. of virtual version reality that no one has seen. >> it is amazing and it gives you a sense of how expansive his vision for facebook is. you look at instagram and it fit .n narrow virtual reality is not an obvious fit. he has transitioned into a mode where he is thinking way ahead. how'd you a believer and you think we will use virtual reality when we are old?

i think, in the next few years, you will see it on airplanes. gamers, in their homes, you will see it. 20 years from now, some businesses. i do not think we are going to be plugged into the matrix anytime soon. there are people at facebook who are thinking along those lines. emily: what do you think the highlights have been so far today and tomorrow? and instagramena talk about the platform was fascinating. i think she made a little bit of news when she dissed twitter. emily: she said she was going to stop using twitter. >> she says she e-mails to somebody who tweets on her behalf. a lot of gloomy and

people were feeling dark. >> why do you think people are consumed about the question of the bubble? there are upturns and downturns like clockwork. it is inevitable. >> there may be a counterintuitive thing where we decide to party on. someone said that we are apsley in a bubble. he called it. your article was along the lines of, "why do we all love uber?" is that true? >> i think it is a useful service and there is so much negative press. when you take a few steps back and how amazing and life-changing it has been, it is remarkable. there are not too many companies like it.

it is on the level of facebook. emily: thank you so much. thank you for joining us. we will be here all day tomorrow. ♪

>> from our studios in new york city, this is charlie rose. the u.s. supreme court begins a new term. voting rights, affirmative action are on the docket. the court may decide to take action on contraception. this term, more decisions will be made. to talk about these issues, adam and jeffrey. i am pleased to have both.