from loss biggest and freedom fest. go live the american dream. [cheers and applause] >> the new "wall street week" ." spirit welcome to "wall street week," the program analyzes the week that was and held position you for the week ahead. i am marie bartiromo. coming up in just a few moments, some of the biggest vos is in the start of will joint our round table talking about companies. and first dagan is standing by with headlines. dagan? >> maria, the u.s. economy putting on 100,000 jobs. with unemployment rate taking up to 4.4%. the strong jobs numbers pushes the markets higher. and the dow and nasdaq and s&p 500 closing in positive territory. they posted the fifth straight month of gain and nasdaq ending

august at an all- time high. federal and local officials are trying to sort through the week of hurricane harvey. it dropped 50 inches of rain on the houston area and 39 people are dead and 39000 in shelters in texas. harvey making its presence known at the pump. one quarter of all refining is shut down. president trump making his case for tax reform in missouri on wednesday, calling it once in a generation opportunity. the president reiterating the call to slash corporate tax rate from 35 percent. to 15 percent and simplify the tax code. provide tax relieve to the middle-class in bric-a-brac profits from overseas. maria, back to you. >> maria: technology is the best

since president trump's election victory up 25 percent. even with amazon and google contributing, some tech companies are opting to stay private longer. there are 160 properties valued $1 billion or more, including established unicorns like huber, airbnb, pinterest. and what is the next big company to join the unicorn ranks? joining my round-trip right now. brit moran is here. ryan williams is with us. and next door ceo and cheg, dan wright a veteran of technology. and thank you for joining us. dan, you and i talked about the start up roll. i want to get your take. give us the 30,000 feet. you've started companies.

you ran yahoo and seed money from large companies go into some of these emerging names. what's going on today? >> yeah, it is an interesting change in silicon valley. faang as they call it. you have bigest companies in the world. but there are amazing start ups that take their time and thesis are three of them that are thinking much bringing hundred year companies and not flipping them. and building audience and brands and business models. that's not what we saw ten years ago. what is clear to me smart money is going deeper, and deeper in fewer companies that create mass evaluations and i have a chance to know the founders and amazed by the long- term view. you are seeing a shake out of the winners and the losers and that is a good thing.

>> maria: you make a really good point. what we are saying is all these large companies, you see faang, facebook, amazon, netflix, google companies. they have their own investing funds. they are saying forget about private equity, we will invest directly in companies and you are a beneficiary of it because disney just invested in your country. how did that go down? >> the digital media and merchandiseizing company for young women. we have a business model, media and merchandise and real life events. but disney hasn't figured out how to tap in the young audience and we do that and they wanted to invest. >> is that a trend right now? you are seeing large companies say we can't do this on our own, we are going to put money behind the start of? >> it is hard to build these companies. it takes more than a day and 's hour. it's hard to take division of a

company and go replicated. brit has 130 million visitors a month. where will you build that from inside of your own company? that is hard to do. we are seeing large companies ready to partner and invest as opposed to own or create something and you can see cadre. real estate companies participating in a marketplace that you didn't think would be open. i think it is a trend right now. >> maria: tell us about that. you just recently had a successful round. >> yes, we recently announced 65 million financing led by horrwitz and jeff jordan just joined our board. and i saw the session you did with jess and bryan and it was interesting to see that phase of companies becoming what it is today. we believe that cadre will be the transformation dimension.

we are redefining investing and the same way amazon changed spending. ten years from now, we want cadre to be the catalyst of transformation in the investing world. and we are bottoming a exchange for real estate investing and transform who can how they participate. >> maria: you come with the experience and of the goods the real estate business having worked at blackstone. >> that was an incredible platform and experience and institution that built a great business. but at cadre, if i would ask you, what is the largest and profitable industry in the world? most people really wouldn't know the answer. it is real estate. it is 80 trillion industry. and you can see room sharing and car sharing with uber. but no one has done it with the biggest industry in the world. we are running an institution that is built on different principles.

that is exciting. >> maria: your next door has become incredibly successful in the short period time. the buzz around next-door is huge. congratulations to you as well. what are you trying to do and talk to us what you need to do to get to scale? >> we believe we have a local social network. twitter to find people that are interesting and linkedin to connect to colleagues. there hasn't been a social network until next door that will connect us to people right outside that's the inspiration. our front door. 80 percent of the american neighborlieds use next door. the last round was billion dollars. and an interesting change, money is everywhere. you can get it from a venture capitalist or late stage investors or talk about a corporate partner.

at the end of the day, what's important for us as we really try to fulfill these grant ambitions is to find the best partner. >> maria: we will take a quick break. stay with us, we will be right back. ♪ this is not a cloud. this is a car protected from storms by an insurance company that knows the weather down to the square block. this is a diamond tracked on a blockchain - protected against fraud, theft and trafficking. this is a financial transaction secure from hacks and threats others can't see. this is a patient's medical history made secure - while still available to their doctor at their fingertips.

this is an asteroid live-streamed to millions of viewers from 220 miles above earth. this is ai trained by experts in 20 industries. your industry. hello. this is not the cloud you know. this is the ibm cloud. built for your business. designed for your data. secure to the core. the ibm cloud is the cloud for enterprise. yours. ♪ ♪

♪i'm living that yacht life, life, life top speed fifty knots life on the caribbean seas it's a champagne and models potpourri on my yacht made of cuban mahogany, gany, gany, gany♪ ♪watch this don't get mad (bell mnemonic) get e*trade and get invested ♪ >> maria: welcome back, president trump making it clear that the technology industry is now a central focus in this economy. with meetings with apple and google, we will see what they want in washington. we are back with our panel.

and ryan, that is my question to you. you are a small start up relative to what we have on tax reform and the policies. what is the most important policy you would like to see coming out of the administration to help your business get to the next level? >> sure, the way we think about policy, we leave that to the experts. at a high level, the thing that is important is pervasive right now is innovation. innovation is good for our global economy, it's good for our domestic economy because it adds transformation, change, and opportunity. i cadre, we are innovating in real estate while more people have more access to build wealt wealth. the only way it was accessible because we innovated. the existing model does not work and we change would it from the better. the most important thing that needs to be pervasive in d.c. is

innovation. >> maria: encouraging innovation is you want to roll back red tape, right? that's one of the things the president has talked about so far and office, eliminate the red tape. do you see that happening? is it easier to take the company forward? some people say that's why they don't go public. it is too much bureaucracy. >> there's a lot of friction in the bureaucracies and real estate. there are a lot of corollaries there also. if you really take a step back and think about the big industries of our time, they are deeply entrenched and real estate is an industry that's been built on some inefficiencies and bureaucracies for years. health care, infrastructure ,government. it is it a function much needing to take the marathon versus sprint to rebuild the companies that are very hesitant and resistant. the best companies are able to raise capital. in our case, we were oversubscribed in our last term

and it was because our investors understand that this is a long game and transforming something that will not happen overnight. that's probably why more companies are staying private. they are not staying private or public. they don't exist. >> maria: do you agree with that in terms of the regulatory market? any changes you want to see? >> our industry is innovation and not regulation. we discussed that, we want things that help us move forward and faster and not slow us down. that's the general approach. next door stand part, we are at local community. we look less at what's happening nationally and more of what's happening locally. the mist of the national debate that's in everyone's mind today, their laws and regulations that happen on a local level and those are what we are focused on. in general, our sfrae is trying to create companies to do things faster and better instead of

slowing down a little bit and being held back. >> maria: and then you can focus right on the business model, dan. >> exactly. and as regulation decrease can they be businesses. disney doesn't do this often. they saw something with brit. brit, what will you do with that capital and what is the business model? >> sure, when i was starting brit and co-i do so because i helped to launch google tv that is now chrome cast. i banged on every major television network to put the video content on the internet. about 95% of them told me no. they didn't do that. i was 24 and i graduated college early. i'm one of those people. and so it was shocking to me as

a 24-year-old, that i couldn't watch television on the internet. that's what i wanted to do. i watched youtube on the internet. brit and co was a opportunity for that. most network are putting video content and breaking it away from things like netflix and disney just exited and making streaming bundles, making espn its own platform. i am excited about the opportunity to think about and dream what is the next entertainment platform for young women. this is an audience i know very well. digital is something i know very well. television and film is what they know very well, so together we believe there is a lot of synergy. >> maria: you can know everything well and have a tough time getting money. how tough was to start this company and get the necessary funds? >> to start the company is difficult out the gate. it is it a big idea. i put my name into it.

which is very controversial. >> maria: what was the first most important break you got? >> seed ground 1.2 led by founders fund and general catalyst and top name investors. >> maria: i want to get your take on the growth stories in technology right now. they are consumer related companies. i wonder, what the runway is for growth through tech? we'll talk about that after the short break. "wall street week" comes right back. >> announcer: adversity in silicon valley is a hot-button issue. the tech roundtable weighs in on the challenges they face every day when "wall street week" returns.

>> maria: welcome back, and employ memo criticizing google diversity initiated this month. we are back with our roundtable today. brit moran and ryan william and dan rosenhang. your thoughts on gender discrimination. let me start with you here. >> why would you start with me? do i believe in gender discrimination? yes. >> maria: do you believe it's happening in silicon valley? >> it is absolutely happening. i actually don't believe in 100 percent of the cases knowingly. there is a lot of unconscious bias in silicon valley. there are seven percent female venture capitalist and when you have an idea resonating with women it is difficult to get it across to a 50 or 60-year-old white man. not only are there gender

issues, there are diversity issues across the board. >> maria: that is a good point. do you find the talent that you need in today's environment? we talk about the efforts that president trump has been making in terms of trade and immigration changes. can you find the people that you need to work? >> no. there are never enough great people for us to hire and that is either because of h1b problem and so many great companies that are looking to hire the same kinds of people and from a size stand point we haven't educated them. >> there are over 4000 people started in silicon. the thought that we could hire everybody out there is not possible. >> gender discrimination plays a role as well. for female oriented brand with a female ceo and 70% female workforce, it's hard to at engineers because 95% of them

are male. and showing why it is a big business is it one thing. you can say it is it a great thing. it is an uphill battle for me as well. >> do you think there is a lack of understanding of the empathy? >> yeah. >> maria: or skill settings. >> and skill sets to understand what they are solving for the consumers. if they have 50- 50 male- female in silicon valley, we would have a much easier way to do that. >> in the u.s., 36-54 male- male-female for the whole company. we over index gender diversity and marketing and hr and finance but engineering still remains a very difficult thing. but there are other areas of diversity. it is it african-american and hispanics, because the u.s. population, we have to represent the u.s. population. younger students coming up and

trying to get through college. but as it relates to regulations and visas those things, the fact of the matter, the more talented people we bring in this country and to build this economy is supposed to compete with this economy, i think the better off we will be. >> in terms of diversity, it gets brought up and triggers a lot of people. it happens at our country company as well. we have embraced it because we believe that diversity contributes to independence of thought and that contributes to creativity and creativity to innovation. and cadre, if i didn't step out of the traditional line of thinking. this is not how real estate investing should work. our team didn't do the same thing. i do think it's an existential need to have diversity so that we all can continue to innovate. there is a ton much talent here in the u.s. and we can find and bring in the fold. there needs to be awareness. >> brit makes a point.

it is not just innovate it is relate. 50 percent of the college graduates are women and 30 percent of the population are hispanics. these are just facts. you can believe what you want to believe. if you can't innovate and relate and communicate to these folks, you will not have a successful business. >> maria: do you expect to be private or are you looking for a public offering sooner or later? >> i will say that we are planning to stay private. we have raised the lowest amount to date, 45 million total because we don't want to raise that much more. >> maria: why? >> we want to be owner destiny. one day we can go public we can. i want to be in control of my destiny and 1999. it took four years for a company to go public. and now the average time is 11 years. we are a five-year-old brand. >> and the average length of a public ceo is 24 months.

[laughter] >> in our world, the way we think about the business, we are in the early phases literally and figureatively. and have maybe to conceptualize. we wanted to take off line experience real estate and make it on line. we still have multiple products to build. >> maria: great conversation, great to have you all here. don't go anywhere. more "wall street week" right after this. retirement squirrel from voya. i represent the money you save for the future. who's he? he's the green money you can spend now. what's up? gonna pay some bills, maybe buy a new tennis racket. he's got a killer backhand. when it's time to get organized for retirement, it's time to get voya.

it's a highly contagious disease that can be really serious... especially for my precious new grandchild. it's whooping cough. every family member, including those around new babies, should talk to their doctor or pharmacist about getting vaccinated. casper's truly changed our lives. ♪ i'm a softer, happier, friendlier version of myself. (surps drink) casper is like sleeping on a nest woven from a unicorn mane.

♪ (grunts) a mattress of unparalleled value. best bed ever. ♪ love it, love it, love it. perfect sleep changes people. (yawn) (kisses baby) (baby coos) transforming your life is as easy as trying casper. transforming your life is as easy as trying casper. aaah! ♪ order their mattress online and test it out for 100 nights. if you don't love it, they'll pick it up and give you your money back. ♪ get great sleep at casper.com ♪ i had severe fatigue, went to a doctor. became diagnosed with hodgkin's lymphoma. i had to put my trust in somebody. we recommended chemotherapy, and then a stem cell transplant. when his disease progressed, i thought that he would be a good candidate for

immune therapy to unleash his immune system against the cancer. i'm back to working hard. i've honestly have never felt this great. the evolution of cancer care is here. learn more at cancercenter.com appointments available now. >> maria: be sure to tune in next friday 8:00 p.m. eastern for another edition of "wall street week." and i will see you on fox news channel on sunday.

catch the show at 10:00 a.m. eastern on fox news. have a great weekend. that will do it for us for now on "wall street week" ." >> i'm bob massi. for 32 years, i've been practicing law and living in las vegas. i help people with all sorts of real-estate problems, from trying to save their homes to closing major deals. eight years ago, 6,000 people a month moved here, looking for employment and affordable homes. little did anyone know that we would become ground zero for the american real-estate crisis. now, it's a different story. the american dream is back. we're gonna meet real people who faced the same problems as millions across america, and we'll dive deep into a city on the rebound because las vegas was a microcosm of america, and now vegas is back. [ woman vocalizing ]