. this week, a look back at some of our favorite guests, from a cryptocurrency billionaire to a real showman. plus, one of the most successful founders in all of silicon valley. throw in an hr director who fired some of the best minds in tech and add in a venture capitalist not afraid to speak his mind. this week on "press here." good morning everyone. i'm scott mcgrew. in a blatant attempt to get this show listed by glass door as one of the best places to work, we've given the crew the holidays off.

we're packaging some of our past interviews into a bundle of best stuff, a hand-picked artisanal show. we'll talk quantum computing and venture capital. let's start with penny mcchord, the original hr director at netflix, a company famous for dismissing employees after they're no longer useful. patty calls herself the queen of good good-byes. one of the reasons i wanted to have an agile workforce where we could be very selective about who was on the right time at the rhyme time to do the right thing, when you do that as the company evolves and grows, you don't end up with the mass layoffs because you don't carry a bunch of people until their skill set is dead. anybody in silicon valley, particularly technology, knows from day one you've got to keep up with it, it just evolves all the time. i've been here 35 years. i've seen this movie lots and

lots of times. i do think that there's pain in that. i also think there's going to be a really nice synergy between the -- i hate the word -- i hate a lot of words, but the evil millennials and the aging boomers. honestly i think young people make me feel younger. i'm working all the time. i think the way we work is going to be different. your notion of, i'm an older worker, i've been here for ten years, the company owes me another ten because i'm not ready to retire, that's just not realistic. that's what happens i think, and that ends up in mass layoffs. own your career, you own your career. a company doesn't own it, for the rest of your life. think about how you may want to work when you're further along in your career. i'm consulting now. i'm having a blast. i love netflix. i spent 14 years there, but this is really fun, too.

there's a lot of different ways to work. i think what i want to dispel is the notion that the company owes you 30 years of service because it's just not true. hasn't been true for a long time. at netflix at the beginning, what i wanted to do in the book is create a great company to be from. i'm a silicon valley recruiter, and i know what makes your career great. >> before you put it in the book, you had a powerpoint you would show all the different netflix employees. it became famous. sheryl sandberg said it became one of the most important documents to ever come out of silicon valley where you espouse the idea, we are not a family, we're a team. the good analogy is baseball. at some point you have too many good pitchers and not enough good hitters, you have to lose a good pitcher. it has nothing to do with his ability to pitch. >> since i left netflix, i've been on stage with award winning coaches. i've learned more from them than any management book i ever read.

i didn't write it. reid hastings didn't write it. we wrote it in collaboration -- >> talking about the powerpoint. >> it took ten years to write. we used it as an internal document. partly because we're a company of silicon valley geeks and you know how they work. you've had them on the show. a geek is a digital person. it's good or bad, right or wrong, black or white, zero or one. anything in between, new nuances is a lot. what we wanted to do was say, look, we're going write this down and tell you truthfully what happened. we've just going to tell the truth. >> there is the point though -- i get the picture analogy, i made the picture analogy. there's the point where we say, remember patty i stayed until 4:00 a.m. to hold two wires together while you went to radio shack to get a longer wire. does that not count for

something? >> sure it does. >> but you're firing me -- sending me off to better opportunities, not firing me. what about the time i held the wires together. >> because now the wires are soldered. you were the best wire holder we ever had. nobody ever touched you in the holding of wires. now i want to ask you really, do you want to continue to hold two wires together for the rest of your life. >> no. >> no, you do not. you were good at that. now that you built this machine that operates, how do you leverage that. >> you just fired me and i feel so good about it. you may have noticed we got a new studio over the course of 2019, so we'll be bouncing back and forth between the new one and the old one as we look at our favorite interviews throughout if year. up next, a fellow that made our best of before, brad garlg house, the long-time silicon valley exec joined ripple and

made himself a fair amount of, at least theoretical, money. >> you own xrp, in your wallet -- >> primarily i think about it as a company owns a lot of xrp. >> i want to ask about how much brad owns. >> business insider says it's worth $9 billion. >> i've read that report. >> blink if that's true. >> this is a dynamic where i think about the long-term success -- >> so it's $9 billion. we've had both founders of paypal on. weave had reid hoffman, sat in that chair, wozniak has sat in that chair. i've done the calculations. you are on paper worth more than all of them combined. >> i'm aware of those reports. i come back to, i do think we're

creating something trfg. i was out here in 1997, the birth of the internet. the movement happened around blockchain, around digital assets is very similar. you'll see lots of use cases built. we're trying to build ripple into a company -- >> i wish you so much luck and we're not listening to you because we're thinking what would it like to be $9 billion? >> i'm thinking scottcoin now. >> scottcoin is going to be run on the physical ledger, right? >> it will just be me. i have to sneak in one last question. are you going to be on coin base, the popular way of buying cryptocurrency? there's speculation that -- you can buy xrp now, but not easily. >> there's about 50 exchanges around the world. listing xrp and having lots of liquidity twoen xrp and fiat, that's a very important priority for the business.

actively working around the world to get xrp listed. >> $ 9 billion. that's amazing. brad garlinghouse. up next, venture capital lift kim draper and more when "press here" continues. from bay area t

state capitol. the new laws you )ll need to knw starting next week. plus: vianey is tracking your new year )s eve forecast as you prepare to celebrate! join us monday morning from join us monday morning from

scott: welcome back to "press:here." if you're just joining us, we're looking at some of our favorite interviews over the course of the year. welcome back to "press:here." if you're just joining us, we're looking at some of our favorite interviews over the course of the year. tim draper, long-time venture capitalist, still very protective of elizabeth holmes, the founder of what most believe was a fraudulent company, their nose. >> now there are 15 theronos knockoffs. there is a theranos machine, i took the test, compared it to the test i dock at the doctor's office. they were almost identical. >> was your blood analyzed on a theranos machine? >> yes. >> entrepreneurs do what they have to do, but there's a line.

the question is always where is that line. we all know to create a company you have to invent a reality, you invent a future, persuade people to come to the other side. investors like you, that's what you're in business for. it isn't just a journalist that said she stepped over the line. >> it's a journalist that said it 45 times in a row. >> that doesn't make it true. >> well, it does seem to make it true. somehow, if they write it over and over and over. >> the sec has filed charges. she's settled the charge. it's all on record. >> there's something very odd about that whole thing. >> which is? >> well, as i understand it, this is a private investment in a private company, not regulated

by the sec, and the sec is now trying to reach down below the public companies and go into the unicorns because nobody wants to go public anymore because being public costs $5 million a year. >> you're saying that because theranos was never publicly-traded, if there was fraud, it wouldn't be the purview of the sec because it's individual private investors, including yourself? >> i'm saying we're investors and entrepreneurs. entrepreneurs can become extraordinarily successful. if they become extraordinarily successful, what's interesting is the news seems to want to go after them. zuckerberg, they went after zuckerberg. that guy is awesome. >> he is awesome. >> this is all a deflection. >> no, it's not. they went after elizabeth.

one writer -- >> the sec has it on file. >> in what's generally thought of as a credible newspaper, 43 articles, all very much innuendo, all clearly fed by the competition -- wait a second. all clearly fed by the competition, and then suddenly the news starts spreading and people go, oh, this might be the case. and then there's this -- like whoa, hey, the government should get involved. and then that's what the sec got involv involved. i believe that happened in this case. >> my question is -- it's clear that you see this has been overblown and there was a hunt after her, but my question to you is what do you think happened? what's your assessment of, was there dishonesty? were they being dishonest about, even if they had the technology in place for some of the tests, my understanding is it wasn't

used for all if tests they were saying it was being used for. was that going on? >> generally i would say, look, she was always completely honest with me, and i'm sure she was completely honest with all those investors. and when you're an entrepreneur, you're trying to get there as quickly as possible. i think it would have been better if she had said this is a beta test, we're trying this out, but she had been ten years in the making. this had been ten years in the making, so she really did need to get that product out, and it was going to hit the consumer. and so that was the issue. it would have been nice to have it be a beta test. that's retrospect. when you're a entrepreneur, you're pulling things together, making things happen. >> the company still exists. you've invested money. you have some rights in that

company. could you bring a machine next week? literally? >> my investment is gone, pretty much gone, any way you shake it. i still feel fantastic about having made it. i feel like she did everything she possibly could have to make that company successful. >> the machines exist. >> absolutely. >> someone theoretically could take one and put it on this desk and test it and it would work. >> yes. >> tim draper from our interview last spring. it takes a certain personality to be a ceo or venture capitalist, self-confidence, a certain amount of aggression and, let's face it, showmanship. as we continue our look at some of our guesting over the past year, showman and ceo, nick bettis. >> who is excited? who is fired up? >> you come across as one of those very enthusiastic ceos.

there is a line, i think you'll agree with me -- i'm not sure where you'll put yourself on that line -- between enthusiastic ceo and jack ass. i'm not accusing you. there is a line there. >> i think some of it is what's your enthusiasm about. for me and i hope a lot of people, i'm passionate about people and what i do, i'm very fortunate. it's not me trying to do something. i love what i do. i'm just being honest. >> i have video of you doing car pool songs, and i have video of you attempting to be a rapper. somewhere i read that you consider yourself to be reasonably self conscious and shy. >> yes. >> you do not come across in those videos or right now as somebody who is self conscious or shy. walk me through the effort that you need to make to be the person that you're sitting here right now as a self-conscious or

shy person. >> sometimes i think what you were before and what you are now is just different people. that's how it feels for me. as a kid, i was very shy. i ate alone every day alone in high school in the computer lab. i didn't have friends. i'm sure i was afraid of people. at some point i got some confidence and started rolling with it. so i see people now that are introverts and shy. i respect that. i tell them, including my daughter, by the way, i think you can be whatever you want to be. don't restrain yourself to what you are now. it's unbelievable how different i am now. if you knew people from back then, they wouldn't recognize me now. more of our 2018 in tech when "press:here" continues.

scott: welcome back to "press:here." we're giving the crew the week off and looking at some of our favorite interviews of 2018. welcome back to "press:here." we're giving the crew the week off and looking back at some of our favorite interviews of 2018. if you're new to the show, welcome. each week i host two nationally published reporters interviewing ceos, venture capitalists, inventors and scientists. i like asking about their leadership philosophy, the stories behind the scenes and the things that make silicon

valley tick. one of our repeat grefts because of his continual success is jay chaudhry. >> in companies that come and talk to us over the past several years, this company was build to be a lasting public company. >> you were right to take it public. was there a moment -- that's what i'm saying. i'm so conservative. i think the minute somebody gave you a reasonable number. but you must have known this company was worth far more on the public market. >> yes. we think it will be worth a lot more than it is today. i think entrepreneurship is about taking risk, manage risk. the first startup i did secure i.t. i put my life savings online. >> literally did it at your kitchen table with your life. >> absolutely. it worked. that was a real risk. even though i put most of the money, a lot of the money in this company, it was a good gamble. it was a good risk.

a long way to go. it's finding the right opportunity at the right time and building something that really solves the problem with disruptive technology. it's the disruptive nature of the technology that's getting big customers to protect their internet and cloud access. we're proud to have ge and siemens and all these big companies depend upon us to enable their e-commerce business. >> you've had other startups in the past. had to face this buy or sell dilemma before. what was different for you this time, you decided to go public and not sell? was it just the market opportunity or something different about yourself and what you wanted to try to go public with? >> a combination of both. when you do a first startup, you don't know a whole lot. at that time the decisions are very different. when they did the first of secure i.t., the first acquisition went very fine. stocks went through the roof. wow, it was wonderful.

was it a fluke or can i do a startup again? that's one of the things in my mind. >> let me tell the viewers you did it five times. you were on the show a couple years ago and we decided to title it "jay chaudhry can't lose." i want to get to the viewer how phenomenal your success has been in silicon valley and how many employees, workers you've made quite wealthy. >> quite a few. actually the first startup has the highest percentage. 70% or 80% of the employees were millionaires. i don't have the numbers, i'll come back and talk to you. we probably have a few hundred millionaires because of stock options. as we grow our avenues, everything needs to grow. we have focus on building a lasting business. we're looking for sales.

we think we'll be the sales force for cloud security. >> you alluded at the beginning of the interview, your first company you built with your wife around the kitchen table. compared to taking a company public for a value of what is about $3.25 billion now, which one is scarier? which one is riskier? which one has your heart in your throat? >> the risk i took for the first company was probably 50 x more than the risk i took from this company, from a savings point of view. >> sure. >> i think to be a good entrepreneur, you need to be able to say i do it for passion and not for money. the first company i was offered tons of money within one year and said, i'm ready to walk away from it. i think one big reason for my success is not being attached to money and doing things because i believe in it, the cause of it. that's what we've done. >> that was jay chaudhry.

could you make money slurping soup or at least showing it on the internet? here is the ceo of stream lapse. >> generally streamers will tell their fands, support me by giving me money. what's really happening is fans feel like they're supporting their favorite streamer, but they're also getting their name and recognition up on stream. imagine you have this show here. how much would a viewer pay to get a question up on stream or to get laura or mark to ask a question they have from a guest? is it worth a dollar, $5, $10? somebody throughout will pay $1,000. >> i promise our business developers is writing this down. >> yeah. >> they pay and the money goes through you and you issue a paycheck? tell me about the mechanics of that. >> it's really simple. viewers go online that we host

for the streamer and pay with a credit card or paypal. the money goes directly into their bank account or paypal. we don't keep any fees on it. the fans are paying their favorite streamers or celebrities or people eating ramen or cute girls or people playing video games. i'm spending $5 because it's awesome. i can add emos or funny cartoons or glitter or hearts. >> did you ever think -- what was your job before being ceo of streamlabs. >> i've been an entrepreneur all my life. doing another gaming company. >> did you ever think you would be selling online glitter and processing $100 million in transactions? you sell online glitter. >> i did not. i can't even explain that to my parents. they don't get it. the way i try to explain it to them, it's a new form of

television. that's what it is. we've all seen "jeopardy." now there's a live streaming version of "jeopardy" that's as or more popular, "hq trivia." >> i played it today. >> it's blowing up. this is what the kids are watching. the millennials or anyone under 30, they're spending time on television. i haven't had cable for ten years now. they're spending more time on twitch. any form of online video. this really is a new form of television. it's a huge phenomena. there's a story from "south park" where randy is talking to his son stan saying, back in my day i used to play video games. the kids are like, now, dad, we just watch other kids play video games. so the world is changing. i think what's happening in asia is a huge sort of sign of what's

going to happen here in a few years. life streaming started off in games there, ten years ago, 15 years ago. it's big here now. but it's also moved beyond games now in asia. people eating ramen, people walking around shopping, streaming from your phone. doing things in the real world is bigger than game streaming there. i think it's going to happen in a few years. >> back in a moment. ♪

scott: that's our show for this week. my thanks to my guests throughout the year. that's our show for this week. my thanks to my guests throughout the year. you can find the interviews you

just saw in their entirety, and hundreds more at pressheretv.com. we'll have a new season in the new year. you heard it here first, a new podcast. check it out and subscribe on itunes or wherever you get your podcasts. thank you for making us part of your sunday morning. ♪ cc by aberdeen captioning 1-800-688-6621 www.abercap.com state capitol. the new laws you )ll need to knw starting next week. plus: vianey is tracking your new year )s eve forecast as you prepare to celebrate! join us monday morning from join us monday morning from

to "comunidad del valle," i'm damian trujillo. and today, "los idolos del pueblo," los tigres del norte, right here in our studio, exclusive, on your "comunidad del valle." male announcer: nbc bay area presents "comunidad del valle" with damian trujillo. ♪ [singing in foreign language] [singing in foreign language] damian: yeah, this is another legendary band. this is banda recodo de don cruz lizarraga. they're here in our studio to enlighten us, because they're gonna be sharing a stage with los tigres del norte and paquita la del barrio. welcome to the show, gentlemen. alfonso lizarraga: thank you very much, my friend, damian. it's our very pleasure to stay with you here.