this week the future of movies may be virtual reality and nobody is working harder to make that happen, a look inside capital on sand hill road and the president's former cyber security advisors struggles to understand twitter. our reporters. this week on "press:here." . good morning, everyone, i'm i'm scott mcgrew. i'm going to show you a movie clip from a short film called crow, the legend. you will see the main character the crow flying up into the stars. enjoy it. i will explain why it's

significant on the other side. >> whoa, that's me! ♪ hey, big guy! >> what you are seeing is a movie created in virtual reality. now, no matter how good your tv screen ou the film in vr. for that, you need virtual reality goggles. it's significant, it might be the future of cinema. maureen fhan hopes so, she is a two-time winning and head of the bow bad studios. the creators of the film you just watched. she has raised more than 30 million in capital, making her studio one of the largest s ith. she has been in the past working on zinga's farmville.

pixar's hollywood 3 and "time" magazine called her one of the top people to watch. thanks for being with us this morning. tell me, there some special challenge to telling a story in virtual reality? i understand there are advantages, but what are the al virtual reality? >> well, you think about when they came up with cinema, it took decades to figure out cut, pans and zooms the language of cinema. so in vr you have to figure out how do you direct the viewer's eyes, get them to look here at the same time. you can't cut to it, zoom to it. we are always using tricks or experimenting. so for example, my co-founder, eric darn em, he uses magician tricks. the magician often says, if you want the audience to look at you, look at the audience, if you want the audience to look at something, look at that something who ill they pull something out of their camp pocket. so we're constantly doing that. 360.ght in virtual reali

i could be looking over here, i miss a key plot point over here. >> exactly. e yoal in the unfold or do you play an interactive character and affect the people and the other characters on the set as well? we're always experimenting with that. the invasion of that one, the first one, you are a bunny. people try to pet the other bunny. in the latest one "crow" are you the spirit of the? en to make it snow, you make the flowers grow and help crow on his journey. >> are you going to be able to tell the same type of stories? if you want to do titanic, is that something you will want to do? >>damayion king is actually shakespeare. as long as you have a great story, it transcends the medium. >> that being said, in vr, you truly believe are you there. when i was talking about invasion, people actually try to reach o bunny. thigh couped at it, waved at

her. if you believe these characters and environments are real, you feel so much more caring for those characters and your actions actually matter to them. story telling is about getting so much about the characters, you watch the end, you want to know it happens, now we get to care even more so. so we can take advantage of things like that in virtual reality. >> that feeling of being there, it makes you when you are in a film like this, it makes you want to have as much agency as possible. so how do you balance technological balance of affecting the story and bring them through a narrative? >> that is something that everyone in vr is trying to figure out right now. because half of our studio is film people and half are game people. game all interactivity, the film is about if narrative. how do you merge the things if i watsch interacting, maybe i'm distracted and i'm not going to watch a lot of the

experimentation we do on that, because we do want you to have impact on the other characters and so some of the things we do is experiment with you like when the other character looks at the other thing, you look at them there. or we make your controllers on the oculus touch controllers start vibrateing. so you know, oh, something is happening. i should interact. it's a balance. >> you mentioned the split in your studio. you, yourself, have a split personality in a sense. at stanford, uma jord in computer science, art, human and computer interaction. computer science and thgs, aren? >> or you could say i'm not good which one are you better at? at either. i'm great at both. well, i design by nature because i love animation. i start off with symbolic systems which is the major of logic. from that you learn that everyle somewhere than you think. it's all about paradigm.

for computer science, is it object oriented or command language? and it's all of a straight ahead language or in painting, do you start with the background first two a big wash or do you start with the details? it's all about the paradigm that you start w. so i actually think that the two are more similar than you would expect. i think being able to merge them helps in media. pressure starts youly was tayo yes. >> if you can understand both sides then you can understand the artist and make sure the passion comes through and at the same time make sure the company is successful as well. >> so vr companies are getting a lot of investment money. they're not getting a lot of consumer money at the moment. so what are investor's expectations being as well fundeds you are, how do you reconcile that money wittedly s? >> it was funny. when i started raising money, it

was during the vr hype cycle. i went in and instead to the investors. they all believe vr would become a huge phenomenon, changing every industry. the question is is it going to become huge? it's when it will be huge? i went in with saying it's not now. i expected it to take time. there is a high cycle a plateau of enlightenment. i think we are here, we a about to tend thehy you should invest with me because i'm practical and i know how that will take a while and this is how i will take responsibility with the company to learn the trough of disillusionment so when the headsets become mass market. i believe they will starting this year given the oculus quest that i will survive and thrive and become hugely successful when it becomes mass market. >> so the two things you need, content side and the technology side. where do you feel like one is right now the most important? >> well, i'm biased because we

create content. so i always believe content is king. i also purchased the nintendo switch knowing full well, i might only play zelda. but it was worth it. because it's a killer app. so we hope killer app. i think content drives adoption. that being said i do think 2019 in the year of the wireless six stop headset. set was create for vr, not a phone, not a pc. >> you are talking oculus? >> oculus quest. it will be a good price point loaded with great content right off the bat and get people to be interactive. if our studio works on interactive content that runs on these wireless six stop headsets, i'm excited about that becoming a consumer friendly product. >> maureen, i want you to explain six dof. >> it's six degrees of freedom. >> let me argue back. i have a couple minutes back.

let me argue back on this interactive thing. i seen video games, you put on a vr, a rifle in your hand, you reason on a treadmill. i played video games. i like down position like this on a saturday morning. i don't want to, you know, get up and run around. i don't necessarily want to pick the end of the movie either and the end of six cents, i think it's okay to spoil is that one at this point, i don't want to decide whether bruce willis is dead or alive. i want it to be a surprise. right? and if you have not seen six sense, i apologize, there is some point at which i come to the theater or my vr going hims to escape, not to interact. valid? >> that's totally valid, which is why we created both a 2d version as well as an interacte toe a character and actually interact

is something many people want to do. especially younger generations. i've seen young people take to vr more than anybody else. they just know what to do in it. be an tt story more and care about the characters and vice-versa. but we also believe that crow the legend which is based off an american legend needed to be viewed by as many people as possible and many people would want to be able to have the experience and wash over them passively like they do in normal movies. we create good versions. we think it's the future of animation people want to decide which experience they want to have. >> thank you for being with us this morning. >> thank you very much. well, who's making money on sand hill road? when "press:here" continues.

. welcome back to "press:here." it is december, at least if you work in bonus. we do not work in bonuses. for all you hedge funds and managers and brokers, a happy holiday to you. the stockmarket may have been flowing.is week but bonuses are

here's the question. are you paying the right people and paying them fairly? adam zoyia uses artificial intelligence to decide who gets what. he has degrees from wartop, oxford and harvard. so we expect he will know what he is talking about. good morning to you. >> thank you, scott. >> what business should i be in? who is getting paid the most in silicon valley? >> well, tech entrepreneurs are successful. >> easily. you gave me that answer. yes. >> but if you want in the normal course of things it depends on what cycle and your time frame is. if quick hit, hedge fund if you pick the right one. longer term well you are in private equityage. >> sure. >> which over time is probably the safer bet than a hedge act which firms are doing the best or which positions in which firms are doing the best? >> yeah. so upload all their information.

it's all encrypted by the way. it's analyzed. so we are able to look at things like what positions are if higher demand this year. which position versus seen the biggest increase and more importantly for the first time what attributes of people are being most valued by the markets. so rather than saying vice presidents in ven schur capital. they say vice presidents that can source deals or accountants that can do magic. >> i feel like you have given me ge can you give me a specific example without paying for it? >> shower, if you are an associate in ven schur capitalist, t if you have original skillset of a deal you will be paid materially more than than associate merely analyzing and doing financial analysis. so there is a premium put on >> you tell meet paid for. >> if you go into what we call the business professionals, risk management is a huge area and compliance actually

increasingly. it's tremendous regulations in. ka, massachusetts, new york, other states that require equal pay for equal work. you start to think about what that means it's no longer based on a title. so people will analyze that and steer companies from a lawsuit. those skills are becoming increasingly valued. >> in this case are the rich getting richer in a pvc compensation? how is the trend trending? zplit has been a part of a broader trend, there has been increasing disparity of pay between the star performers and the less star performeexample. the winners, the largest are getting bigger and bigger. the ability to start a venture capital from a hedge fund has diminished. inside the firms the stars are being paid a larger percentage of the toll. that's a little change for venture capital, historically speaking was democratic. it varies from firm to firm. we've definitely seen an increase in disparity per pay.

it is widening. >> i want to go back to lawsuits, et cetera. i looked up the california law on equal pay by the way is dated in 1949, no employer shall pay any individual in the employer's employ, at wage rates less than the rates paid to employees of the opposite sex in the same establishment for equal work on jobs. seems straight forward. but companies are running into situations where you know i'm a reporter, we have other reporters, i don't think we necessarily make the same amount of money. but then again we have different skillsets, different time at the job. we have different job assignments. california companies haves thatd like this -- have to be very careful to make sure that they're paying everyone the same or able to explain why they're not. right? >> 100%. and, in fact, compensation iq what it does, it scans all the employees in your company and makes comparisons based on not just title and department, which is where the federal legislation

was in the '60s, but also based on responsibilities like you say in performance reviews. in other words, you are now sake i might have a female who has a title called senior associate, use a title in venture capital. she does a, b, c. i have awas difficult for the f take a claim. a different title. it was actually everyday they were doiomno the law pierces th the title and says what is the actual underlying work being done by these two individuals, ma tibb female is a senior associate because she took maternity leave for six months and missed the cycle. she is doing the same legal standard my harvard background comes in i apologize, work. now you have to look at that and say we have an explanation. >> when you have a large firm, computers come in. your ai can flag and say why is jenny being paid less than jim

because although there's lots of data forms, artificial intelligence is saying, those are the same jobs? >> exactly. and that is something that is very helpful. by the way, none of our clients i believe intentionally pays people unequally for equal work. we define equal work properly, performs reviews, et cetera. no one says, i set out to pay th biases, things like i mentioned like temporary, leaving the work companies want to fix mification. responsibilities for most of their employees. making theven you wanted to. you don't know that scott does these six specific things. you know that people with the title anchor or whatever do these things, but what does he do specifically, like the example you game. now the software can track that and make those comparisons for you automatically. >> so how does the push for salary transparency in a company

factor into this? it sound like it is not as easy as comparing title to title. >> by the way, there are notable tech companies that have gotten quite a bit of positive feedback by looking, scanning across titles and departments and making sure all women weredgues complete picture. were the performance reviews the a five star performer the same as a three-star form performer? is it fair to pay someone for ten years and you reward someonh three years? otherwise the same? people would say probably not. can you justify we pay people subtleties like you mention that factor in that require much more detailed granular analysis, frankly, a computer is better than a person. >> algorithms and some things can't be quantified? >> you would hope it was cap cured in a well designed

performance review system and by the way, that's a whole other show. >> no, we can't. >> sorry. we can't, but, yes, the answer is that should be captured. is it? we are getting closer, all this. >> thank you. we'll be back in a moment. goingl take you live to d-c as the story continues to unfold. we're keeping an eye on the ongoing government shutdown. the story continues to unfold. plus, we track what is expected to be a wet workweek. >> mike will watch for any traffic problem spots. >> monday morning, 4:30 to 7:00.

welcome back to press here. looking over the week's news, we saw gm plug in the hybrid volt wasn't to bother. this past to have solar panels and trump's former cyber security officer or adviser, rather, blamed twitter for what happened after he made the typo. peter reuben explain this to me. i have the guiliani tweet here. mueller filed an indictment just as the president left for g-20. in july. i think he missed a spa is. >> so twitter hopefully so it thought created a clickable link. it sees a dot and three or two letters that might be a domain, it creates.

>> in is india. >> it's the top level do youmain for indiaf then a web developer in atlanta realized what had bought the domain, 15 minutes later he put up the message donald j. trumps a traitor to our company. >> any trump fan who clicks that link will be brought t that. >> exactly right. so then guiliani discovers what's happened. he then tweets, twitter aloud someone to invade my text two a disgusting anti-president message. the same thing-tell me they're not card varying anti-trumpers. twitter didn't do anything. >> in fact the same thing didn't happen. because he did use a period and no space. he said helsinki, period. the word either. the word either is not a web domain, so no link was created. he looked at that and he saw evidence of out the voice of or at least to

embolden trolls and allow themu personal attorney, he was the before becoming the president's president's cyber security adviser. >> yeah, i wouldn't trust the guy to program my vcr. >> i wouldn't think so you, we were talking about hybrid cars. plug in hybrids. >> yep. >> i have one, i love it. i don't live far from the office. i run battery power all the time. if i go up to napa, he uses gasoline, i'm good to go. you are saying these are a dying breed. >> there are people who drive them. >> i feel like a beta max. like a vcr. >> it's not a bad technology. it's not the one people want to buy right now. they either want to go electric or stick with their internal combustion engines. the hybrid, you can get almost free fuel for 20 miles and under and as far as you want for gas. but it's a $5,000 more expensive car. people are starting to be willing to make that leap. the batteries are getting so

good, you are getting 200, 300 miles per charge, they're starting to buy electric. >> what does that mean for tesla, it's coollooking. but the most important thing is it went three times fartherleaf. atoes it mean for tesla if the batteries are that good for everybody? >> what it means is everyone will be buying electric cars than internal combustions. >> they won't be buying teslas. >> tesla is probably okay with that. electric is 1% of the market. they need the market to be most e mostly electric. it's not necessarily buy my car. they're open about the fact they want to transition over as soon as possible. until that happens, they will be a niche manufacturer. >> they want it to be a lot of infrastructure. the next that very much. and solar, california, it was some obscure, the california building standards agency i guess decided or gave

approval, all homes in california starting in 2020, single family homes, have to have solar panels on them, which i think is rrific as well. >> yep, actually, they were thinking at first they wanted to make zero energy homes so they don't, they have a net zero impact. now homes that produce power. so that's what the future of california will be. instead of building more and more power plants, we will be seeing each individual home become its own small power plant. >> thanks for being with us this morning and i do love that guiliani. back in a minute.

that's our show for this week. thanks to my guests. thank you for making us a part of your sunday morning. damian trujillo: hello and welcome to

today, the monthly visitlo,d of the mexican consulate in san francisco. today, on your "comunidad del valle." today, on your "comunidad del valle." male announcer: nbc bay area presentsn tru. it is back with a great gala presentation. eddie diaz is here. he's with the flamenco society here in the south bay. welcome to the show. eddie diaz: thank you. thank you for having me. damian: thank you. well, tell us--i mean, it's back and you're putting on a big bash. tell us what you're doing. eddie: yeah, this is what we do once a year. we bring directly from spain. this time around, we bringing the great maestro of the flamenco guitar, antonio rey. along with him there'll be a fabulous singer, mara rey, and they're fabulous, some of the best flamenco artists.