taylor: coming up on "bloomberg best," the stories that shaped the week in business around the world. a novel virus becomes a global crisis. the human and economic costs mount. >> we saw risk aversion pick up last week. we are seeing it start to accelerate. >> coming to the office, it seems we have confirmed cases. taylor: central banks take center stage. the fed and bank of england keep rates on hold. >> the chairman sent us a a lot of signals, don't worry, we will focus on expansion. >> perhaps the markets interpreting this as a little bit of a hawkish hold. >> britain officially leaves the

eu. a new era, but hard work remains. >> alignment is key. to what extent will the european union remain aligned with the u.k.? >> the european union will not ban huawei from its 4g network -- 5g networks. the u.s. signs a new north american trade agreement into law. tech giants and european banks led the earnings parade. >> the last five years, we more than doubled the cash dividend per share. >> we hit everest milestone -- every milestone. taylor: goldman sachs says it is time for transparency. ceo david solomon coasts the company -- hosts the company's first investor day. it is all ahead on "bloomberg best." ♪

taylor: hello and welcome. this is "bloomberg best," your weekly review of the most important business news and analysis and interviews from bloomberg television around the world. let's start with the day by day look at the top headlines. the week began with concerns over the spread of a novel virus with government regulators and investors rattled by the outbreak. >> containment efforts are failing to stop the outbreak of the coronavirus. beijing reports the number of deaths has risen to 80. china is extending the lunar new year holiday by three days to stop the spread of the disease. it has also restricted travel for millions. >> it is effectively the biggest test to xi jinping's administration since he took office. this is a test of china's governance, its test with the world spotlight right on china

of how much better it can do this time around than it did with sars in 2003. >> unlike the sars crisis in 2003, china is more integrated into the global economy, 1/5 of global gdp. >> the amount of travel in and out of china is order of magnitude larger today than it was in 2003. in terms of the economics, in 2003, sars took around two percentage points off china's gdp growth, but the world barely noticed. in 2020, if we are looking at a negative scenario on this virus, we would be looking at something china, buts not just the asian region and major economies as well. >> risk aversion picked up last week. this morning, you are seeing it accelerate across asset classes.

take a look at what equities are doing in different geographic regions over the past week. if you look at fixed-income, we are seeing a rally in bonds, sending yields lower. 10 year treasury yields down toward 1.6%, the lowest since october. the one asset class seeing a majority of selling his within commodities. -- is within commodities. oil getting crushed in the last week. [ringing] >> s&p 500 closed on the biggest decline since october. >> 16% drop for the s&p 500. a deficit for the dow. is this a selloff or a pause? >> it feels like the first real selloff. the last couple weeks, we remarked how resilient this market has seemed, even in the face of negative headlines. it kind of feels like today was the day that the dam burst and there was a little fear.

>> germany has just confirmed a 33-year-old has been infected with coronavirus. china has expanded travel restrictions of governments and companies in a rush to contain the virus that claimed 100 lives. hong kong limiting travel from china. it is stopping individual travelers from entering the city and shouting high-speed rail. -- shutting high-speed rail. >> more than 4500 cases. every day it seems we have more confirmed cases. >> we are looking at a rally in u.s. stocks recovering from losses the last two days. if you wanted to look for a catalyst, economic data, goods, manufacturing all on upside. >> apple came out with results topping market estimates on i found. -- on iphone dividend. ceo tim cook says it has reduced operating hours in factories in

china. how big is the risk of disruption when it comes to the apple supply chain? >> it is a clear issue and clear overhang over the company's business. from a financial perspective, it seems like they are optimistic given the strong guidance they are providing for the second quarter. >> the fed to release its policy decision later today. economists are not anticipating a change in the key rate decision. >> a nothing burger from the fed. no change in the target range. no word on when the fed will stop to increase its balance sheet. >> we believe monetary policy is will positioned to serve the american people with a strong job market and a return of inflation to our symmetric 2% ago. -- goal. >> if this was a hawkish or dovish press conference, i think it was slightly dovish. the chairman sent us a lot of

signals, don't worry, we will focus on the expansion. we are here to do what we have to do if things turn nasty. >> tech earnings season underway with facebook the latest report. shares initially dropped, falling 6%. one possible explanation is there might be concerned with facebook's revenue growth. revenue year-over-year appears to be the slowest rate of growth ever. >> everything is slowing because some of the issues facebook has been dealing with on a quarter after quarter basis regarding privacy and regulation, content moderation, political advertising, all of these things are still weighing on the company. overall, things are still growing. of user gains are ahead where we thought they would be for 2019. this is a company continuing to

perform order after quarter. -- quarter after quarter. >> boe out with their latest decision. no surprise here, except their commentary around brexit is interesting. if recovery stalls, policy support may be needed. they cut the economic growth forecast. they see inflation below target until the end of 2021, however they did not cut. 7-2 to keep interest rates at 75 basis points. >> one comment from mark carney, the decision in their outlook is less than so far so good than so far good enough. they will hold. some surprised at the vote. judging by that and the reaction in the markets in terms of the strengthening -- the pound anthony, markets -- pound

strengthening, markets interpreting this as they hawkish hold. >> w.h.o. declared the coronavirus outbreak a national emergency, however they say there should not be restrictions on travel or movement of goods. >> this declaration of emergency is not something w.h.o. those lightly -- does lightly. the concern for the global economy was not any additional restrictions, and the focus is on supporting these countries that might not have a robust of a public and the structure. that will be key in terms of long-term containment. >> a remarkable turnaround for u.s. equities, which will close the day in the green. we closed at session highs. >> amazon shares soared in late trading after reporting a stronger fourth-quarter earnings. the tech giant beat analyst expectations during the holiday

quarter on revenue, operating income, and amazon web services sales. what were the standouts for you? >> several positive takeaways in the quarter. revenue was above expectations. more importantly, the operating income number blew away all analyst expectations, including ours. more remarkable, the fact that they were going into the holiday season spending heavily on one day shipping. the amazon web services business continues to at least hold its own. a lot of positive takeaways with remarkable execution here. >> finally happening after 3.5 years of division and uncertainty, the u.k. is leaving the european union today. the starting gun was fired in january 2013 with a speech by david cameron. theets especially expected

2016 vote to go the way it did. >> now starts the real work, boris johnson negotiating with the eu. what do we need to watch out for? >> alignment is key. to what extent will the u.k. remain aligned with the european union after brexit? boris johnson said he won't extend the negotiating period. whether he will be flexible with the timing is crucial. the -- what the europeans worry about is not so much the u.k. leaving, but being undercut when it comes to business. they worry about the k being -- the u.k. being an unfair competitor, cutting taxes, and the number one priority for the eu is protecting markets. >> u.k. and russia confirming

their first cases of the coronavirus earlier today. the u.s. and japan advised citizens to avoid traveling to china. >> 10,000 people have been affected by this pathogen. over 200 people now have died. some say out of those 10,000, something like 1500 are severe cases. >> 14 provinces in china have extended that lunar new year holiday until the second week of february. that will be quite big. thismists are saying coronavirus could have a bigger dent to the economy than during the 2003 sars epidemic. volumes,f you look at today across u.s. exchanges, more than 9 billion shares traded hands, the most of any date this year since august by far.

this is putting us back in the days when we saw a pullback with more tariffs and trade being a real issue. kailey: still ahead on "bloomberg best," more on the fed's path forward. its, goldman sachs hosts first investor day. its ceo says efficiency is on the agenda. starbucks announces a stellar set of results. the coronavirus casts a shadow on its success in china. >> have closed have of our stores. -- we have closed half of our stores. it is day to day. kailey: this is bloomberg. ♪

kailey: this is "bloomberg best ." earnings season swung into high

gear this week. starting with results from some important european banks. to disavow concerns about its capital levels. the lender expects to reach the upper end of its targets this year after earnings jumped in the fourth quarter. it was helped by the rapid growth in latin america and sale of the unit. >> we are proposing an increase in the cash dividend per share. in the past five years, we have more than doubled the cash dividend per share. the model is working. the transformation, the execution. it allows us to keep growth, because we have also grown not just revenues, we have grown the balance sheet and kept an attractive dividend policy. >> let's talk about deutsche bank. germany's largest bank reported

a 31% surge in fixed income trading. to investorst after a bigger than expected loss in the last quarter. >> the loss after-tax and pretax was after structuring costs, transformation effects. line, goodwill impairment, restructuring charges. that is more or less in line with what we guided the market in july. i see this as very much on track hitinst the targets -- we every single milestone of this restructuring. >> starbucks has closed more than half of its mainline china locations because of the coronavirus outbreak that disrupted its most important growth market. the news cast a shadow over what otherwise was an upbeat earnings

report. sales rose 5% in the first quarter, outpacing the average estimate of 4.6%. >> we have closed more than half of our stores today. it is day to day. we are making sure we make thoughtful decisions. this is a temporary issue. we will focus on this in a way that is true to our mission and values. we will navigate past this. it will be a temporary issue. as we think about long-term growth in china, we remain optimistic. >> 3m announced fourth-quarter earnings. net revenue exceeded expectations, but the stock still dropped the most in nine months after revealing it will cut 1500 jobs amid slumping markets, including car parts and electronics. >> where is your business?

>> our business is delivered a solid q4 in line with our expectations. our growth in the range of our guidance and earnings per share is at the high end of guidance. we delivered another solid performance in margin. for the year, a record $4.5 billion in cash flow. in the face of difficult end markets as we went through the year, we delivered strong execution. that positions us well into 2020, where we see a return to growth. >> profit and sales rising this year driven by key drugs, such as psoriasis and heart treatments. the former company -- pharma companies saw earnings narrow. a it does come from

continuation of our productivity programs. we expect to deliver $2 billion in productivity through the end of 2020. we expect to continue to the medium-term. we are announcing a continued productivity program. that is driven by great manufacturing performance and great productivity in our manufacturing and business services, but digital technologies as well, which is transforming the company. >> tesla has delivered it second quarter blowout earnings. record revenue carried the electric carmaker. are we concerned about the valuation? >> it is hitting the upper extremities of what people had expected. analyst's 12 month target is significantly below where it is, more analysts recommending to sell the stock than buy it.

my bloomberg opinion colleague in new york did an interesting analysis, looked at models, and in order to justify the current share price, it would need to deliver and 86 fold increase in earnings per share over nine years. we have been proven wrong, but there is not a huge amount of rationality here. >> come don't this is a problem. -- no doubt this is a problem. as all caps-- he h of technology. he is delivering. the story is so powerful, it sucks everybody in. >> shell is slowing the pace of share buybacks as profit missed expectations, underscoring the challenges to big oil from slumping natural gas prices. why have you slowed down your share buybacks? 2.5 billion per

quarter. now you are doing $1 billion per quarter. >> we have to continue to invest for growth. we have to reduce net debt. with the outlook at the moment, pressure on oil prices, definitely pressure on gas loor,s, chemicals at the f we have to take a prudent look going forward. for this quarter, we set our share buybacks to one. let's focus on debt reduction at the beginning of the year. let's also be very clear, there is no change in our commitment to buybacks of $25 million. isis just that the pace uncertain given where we are with macro. ♪

kailey: you are watching "bloomberg best." this week, goldman sachs held its first investor day after becoming a publicly traded company in 1999. it was an opportunity for the ceo to set a new growth target and announced new efficiency initiatives. he also sat down with bloomberg. >> what we tried to lay out today is opportunities in existing businesses, add new businesses, diversify our revenue mix, and run the firm more efficiently. hopefully shareholders will be rewarded. >> you did not rule out a merger and acquisitions. do you think the federal reserve will give you the leeway to buy a bank? >> i never said we were buying a bank. >> is it possible? >> we look for opportunities to

grow our business organically, and occasionally, there are opportunities to accelerate your plan. united capital is an example. we wanted to move quickly into the high net worth business. united capital allowed us to accelerate that extension. that -- that expansion. when we look at the landscape, that is what we are focused on. we are not out looking to buy a big bank. we want to be goldman sachs. we are driving banking services. >> we talked about revenue growth, but also cost-cutting. there are ambitious cost-cutting targets. how much includes job cuts? >> we have a cost target of $1.3 billion over the next three years. a significant portion of that allows us to reinvest in growth areas we are looking at. we have not specified how much

is in the form of people specifically, but obviously people are affected by that. but we are also hiring people at the same time. there is a shift in the organization. we spent time thinking about how to get people into different strategic locations that are more efficient, new york and london and hong kong. we are making investments in our frontline businesses. people are moving out, people are moving in, but we think we can run the organization or efficiently. that is why we set the cost target. kailey: coming up, more compelling conversations. chair details the fomc's latest policy meeting. the palestinians are not on board with plans for peace in the middle east. jared kushner tells bloomberg

they will just have to get with the plan. >> the palestinian leadership wants statehood, but you have to show you are capable of statehood. kailey: this is bloomberg. ♪

kailey: welcome back to "bloomberg best." u.s. president donald trump unveiled his plan for middle east peace this week alongside israel president benjamin netanyahu. the plan keeps jerusalem as the israeli capital while offering a path to a two state solution. palestinians have already rejected the plan. jared kushner helped draft the documents. he told bloomberg he thinks it will eventually bring peace to the region. >> president trump has built the capital with israel. he has shown the israeli people that h cares aboute their security. it is only because they trust president trump that he is able

to get israel to make historic compromises. i don't know if the palestinian leadership will seize it, but if they want all of the things they have spoken and aspired for, it is time to come to the table. if you have issues, if you don't like where the line is drawn, move the line. there is flexibility if they come to the table. >> there is a four-year implementation period. >> the palestinian people have been suffering for a long time. the leadership calling for days of rage is not helping their people live a better life. the palestinian leadership claims to want statehood, but you have to show you are capable of statehood. >> what do you mean by that? >> there are not too many states that, when they don't get what they want, they call for days of rage.

they do diplomacy. the palestinians have billions of dollars of aid. their friends and families are rich, but the money has not trickled down to the people. overtime, they have greeted these illogical constructs, hoping they will never solve them. we made them the most real offer a will ever hav -- they will ever have. thehe executive chairman of largest banks as it is time to step of the commitment to sustainability. he sat down with francine lacqua. she joins a growing chorus of leaders pledging to do more to combat the climate crisis. this ise all conscious an emergency for the world. you and i, europe, we will not fix it. governments need to get together

and do it for all of us. private tech -- you and i can meet once a day and eat animal protein -- that helps. especially as a bank, we need to do more. what we committed to a few months ago is a new carbon strategy. the key issue for all of us is it is done responsibly. we don't leave people behind. there are billions of middle-class citizens, but there are billions that are not middle-class that want to live better. 80% of the energy in poland is coal. we have a big back and forth. we are not financing new coal-fired plants. we are not financing new customers that already have coal-fired plants, but we need to continue financing the existing ones because otherwise

there would be no energy for them. we should not forget this. emerging markets are different. second, we need to help companies transform. kailey: next week, voters in iowa will cost the first balance in the 2020 -- ballots in the 2020 presidential race. among the front-runners, andrew yang, who advocates for what he calls a freedom dividend of $1000 a monthery american adult over 18. he told bloomberg this unconventional policy would not change the fed's conventional role. getor me, job one is to more money in the hands of the american people in the form of universal basic income. the fed controlling interest rates is one piece of the puzzle, but i am focused more on direct cash in people's hands. that is the most powerful thing

we can do. polls show getting $1000 a month -- there is an undeniable appealing aspect of that. however i am not sure if people totally understand there would be a trade-off. some people would have to give up existing cash benefits. what would people have to give up in order to be eligible for the freedom dividend? opt-in choice?n why not allow people to keep benefits for food stamps and get $1000 on top? >> the vast majority of americans would see a $1000 increase in buying power. stamps, none of them are getting $1000 a month, so this is a huge win. recipients of these programs live in constant fear of failing to meet some administrative requirements, so if they were

getting a stress-free $1000 a month, it would be an upgrade. it has no negative incentive for them to make money. right now our assistance programs are predicated on you being below an income level. join bloomberg television for special coverage of the 2020 on your caucus -- iowa caucus on monday. let's return to the fed. the fomc held rates steady. chair jerome powell says they will stay put. we got further fed insight from its vice-chairman. >> the u.s. economy is in a good place. solid growth. historically low unemployment. inflation stable. we left rates unchanged. is think the policy place important.

strong labor market and low inflation. >> are we at full employment? it has been robust. the labor participation rate is not above where it was before. >> that is a good question. the powell fed has been open-minded about understanding the benefits to the low unemployment rate, and unless and until we see unemployment rates putting excessive pressure on inflation, we are not prepared to say we are at full employment. a lot of things economists don't know for sure is what is full employment. we are willing to probe to see how low the rate can go. >> one thing that came up in the news conference was the coronavirus. it is on everyone's mind. markets are paying attention. >> it is a wildcard.

even the experts would confirm it is too soon to tell. we are looking into the outlook for global growth and how it impacts the u.s. monitoring closely, but too soon to tell the impact. growth,ng back at gdp it is too late. what about early indicators like yield curve? we have the three-month and 10 year converted again, which has people nervous. -- inverted again, which has people nervous. >> at the time of the december meeting, the yield curve was far from inverted. that is driven not so much by an outlook for the u.s. economy, but when there is global uncertainty, that tends to lower yields. i am not today concerned about the inverted yield curve. i don't think it is reflecting the u.s. outlook. ♪

kailey: this is "bloomberg best ." let's continue our global tour of the week's top stories in business and politics. a regional election in italy threatened to put populist pressure on the government. it turned out to be good news for the prime minister. >> italy's matteo salvini suffered a stinging defeat. what does the setback of matteo salvini mean for the government? >> it is good news for the government in rome. this was a regional election, but it was in a crucially key region for the italian social

democrats. it would have been a fatal blow if they lost it. the fact that they held onto it means we will not see a snap election or more instability. dswould point to the wor of the italian prime minister, i am not going anywhere. the biggest loser is salvini, going home again empty-handed. that regional election he hoped would precipitate a national election is not going to happen. >> u.k. has given huawei a partial role in building the country's 5g networks. it denies a long-running attempt by the united states to have the chinese tech giant barred. is this a compromise boris johnson was looking for? >> definitely a compromise the u.k. wanted. i think it can work.

there is enough vagary in how it is framed. is a constraint area. most operators are looking to huawei for access anyway. overare looking to them time anyway. in the evolution of five g networks, i we will see the networks shaping up. >> eu member states avoid to rely on a single 5g supplier. they have not banned huawei from playing a role in 5g. huawei dodging the blanket eu ban from their 5g networks. >> president trump signed the usmca trade agreement, a recessionary agreement -- a succession area agreement to

nafta. >> president trump saying he has delivered on one of his campaign promises to negotiate a new bipartisan trade pact with mexico and canada. the president got bipartisan support, but not supportive of one of his chief political rivals, senator bernie sanders, who says this plan was not in the best interest of u.s. workers. this is a significant win for the president when it comes to the business community, who was incredibly supportive of the usmca. a got a message from the business roundtable, they are proud of this plan. they say it is good for the u.s. economy. raise as much as $159 million in an ipo. the offering would value the company around $744 million, a drop from the previous valuation. what happened between then and

now? >> a 30% haircut. think about the timing. we have seen uber's ipo, peloton, the wework debacle. it seems a lot of these unprofitable companies did not press -- not impressed investors. let's put this at a price that could appeal to investors. >> jp morgan announced it is keeping with its plan for bankers and traders. jp morgan has been the most profitable link in -- bank in history for two years. is this the best they could do? [laughter] >> jp morgan and other banks are preparing for tougher times ahead. morgan stanley cut 2% of their workforce. we don't know what the voters po -- bonus pools will look like at

other banks. we will see if investors can keep up with pay. >> samsung saw fourth-quarter profits fell, coming in at $4.4 billion. blame following memory chip prices and weak demand for its display business. the company is expecting a weak start to the first quarter as well this year, but is forecasting an overall improvement in 2020 as the rollout of 5g networks boost demand for its chips. >> company very carefully orchestrates its earnings. these final numbers include net income and divisional breakdowns. it missed these estimates. it is largely because memory chip prices did not and cover -- not recover as anticipated. they make displays for smartphones and tv's, displays, thecd

prices had fallen more than anticipated. kind of a one-two punch for the company. >> ge out with its latest q4 results this morning. earnings per share beat $.21. is a cash flowys story. it would take a lot to impress ge investors after a run-up in shares in the last three months. ge managed to do it, coming in ahead of increased guidance at $2.3 billion. that reflects better-than-expected performance in their aviation and power unit. looking to 2020, ge says cash flow could be as much as $4 billion, more than some of the most bearish analysts. there is still more room for the turnaround story to go, but they are making progress. this is something you like to

see for ge. >> ibm named its chief executive officer, replacing its longtime ceo. he will continue as executive chairman and serve through the end of the year, when she will retire after 40 years with the company. this is surprising, but good, right? responsibleargely for the deal running their cloud business. contrary to what ibm was about 10 years ago, he has been very vocal about working with other cloud providers, being a multi-cloud partner. that is the exchange here -- the big change here. tech companies not open to working with others have a hard time growing going forward. >> basketball fans around the world mourning the loss of nba legend kobe bryant, who died in

a helicopter crash. as anan a second career investor after his retirement. >> it touches way beyond the basketball world and sports world. he was a very successful investor. he was a media mogul. he had just won an oscar. before he retired, his vc fund focused in dell technologies, alibaba, epic games. outside of his vc fund, he invested in body armor, a gatorade and power rate competitor -- powerade competitor when it was very small. it got an investment from coca-cola. has done very well with a number of companies. this is not him investing just so they can put him in a commercial, he was hands-on with these companies as well. ♪

kailey: this is one of our favorite functions, global macro movers. which of the sovereign bonds had the biggest move today? i kind of guest germany or japan. it was italy because of the political machinations going on. >> there are 30,000 functions on the bloomberg and we are showing you are favorites. maybe they will become your favorites. here is another function he will find useful. it will lead you to our quick

takes, where you can get insight into timely topics. here is a quick take from this week. >> de carbonization is a key factor in the fight against climate change. the goal is to reduce our been dioxide emissions around the world as soon as possible. >> our planet cannot be saved unless we leave fossil fuels in the ground where they belong. >> de carbonization involves sweeping change and incremental steps, working industry by industry, process by process, in every major country of the world. sound expensive? it will be. the science community agrees we have no choice but to mobilize and take on this monumental challenge. renewable energy like wind turbines and solar panels, as well as electric cars, are more popular topics, but there are key sectors less discussed, and changes there are equally

important. here is three -- cement, steel, and agriculture. these three sectors combined make up 40% of all carbon emissions in the world. what will it take to revolutionize these three industries without bankrupting them? simmons is the most widely used -- cement is the most widely used man-made material in existence. it can be poured into any shape needed for construction, used by millennia to build the pantheon and aqueducts, highways and parking garages -- lots of parking garages. the global production of cement accounts of 7% of global co2 emissions. the main ingredients to cement -- in order to produce it, limestone is heated to high temperatures, generated by fossil fuels, releasing co2. reactions within the kiln

release more co2 in the process. others are testing substitutes, including the residue left in chimneys of coal burning furnaces. the drawbacks are serious. these techniques come with a price tag sometimes triple the cost of the traditional process. since cement is holding the world's structures together, alternative recipes make contractors uneasy. steel is just as important as cement, a end global -- and global demand is expected to rise. its process involves refining iron ore. just like cement, this production releases a lot of co2. in europe, owners are testing hydrogen as a way to take the carbon out of iron ore, but it is double the cost of using coke

there is one thing you can do with. steel you can do with cement, recycle. instead of producing more steel in the first place, we can use what we already have. increasing steel recycling is seen as critical to reducing carbon emissions. agriculture requires a multipronged effort, as it is possible for 25% of global co2 commissions. the practice of controlled burns after harvest, the use of inorganic oxides, the destruction of rainforests and livestock flatulence need to be addressed. some hope can be seen in the u.s., as demand for beef products has dropped significantly. interest in alternatives like beyond meat have soared in recent years. for those who can't quit beef, scientists are developing climate proof cows to produce less methane. implementing these solutions

globally remains an uphill battle. even as more in the u.s. and europe become vegetarian, increased demand globally means animal product consumption is expected to rise 60% by 2050. >> you are the last best hope of earth. >> we are in the beginning of a mass extension and all you can talk about is money and economic growth. how dare you? >> it will take policymakers and companies years of diligent work and collaboration to move industry away from its most polluting methods. but each of these industries is working on answers, with some executive confident they can be profit.en and show a kailey: that was just one of the many quick takes you can find on bloomberg. you can also find them on bloomberg.com with the latest business news and analysis 24 hours a day.

thanks for watching. this is bloomberg. ♪

♪ brad: he grew up in what he calls the people's republic of berkeley, a liberal city on the east shore of the san francisco bay. as a child, he played football while reciting rap lyrics and solving equations in advanced calculus. this ability to multitask and see the world through different prisms has helped him become an entrepreneur, ceo of a tech company, and eventually one of the most well-known and respected investors on sand hill road. with marc andreessen by his side, he has invested in some of tech's biggest names in the last decade -- facebook, slack,