emily: how does andreessen horowitz continue to be a disruptor?ave done a couple things. we have about 160 people today. 100 of them work with our companies post investment. everything from marketing to sales to business development opportunities. we have to think about investing across the lifecycle. a later stage fund allowed us to have more emphasis on these companies as they go through later and larger cycles. emily: you have investors looking across the pipeline to the more public markets. we are in the middle of volatility, a trade war. a lot of tech companies going public, some to mixed results. you are an investor in lyft, you have airbnb kenexa. are you concerned about your companies? scott: i believe the ipo market is healthy. we have seen companies have not performed as well as we would like, but if you talk to institutional investors, a blackrock or fidelity, they will tell you there is a scarcity of growth in the public markets. where you can find growth that is reasonable -- there is lot of a demand still for that. some companies hav

that is a big check on capital if you have this idea, and you come to venture capital like andreessen horowitz't know. i don't know what you will do. companies like andreessen, like the u.s. chamber, like ibm supported the bill i have got, the token tax act. stuart: are you a bitcoin type of guy yourself? >> i don't personally own any assets. stuart: that would be conflict of interest. >> that would be certainly perceived of this way. stuart: you like it, the idea? >> i feel like the opportunity cost is huge. i feel like this is phenomenal space. the token economy is happening around the world. the u.s. is losing out in market share. stuart: when you say the token economy that is based on blockchain technology, isn't it? >> block blockchain technology. stuart: you can't crash into it, is that correct? >> blockchain you have distributed ledger. it is literally a public record with a private key. you have a more secure way to move data and, when you see how it goes, like mount gox was early hacks. it was solved. you could follow the ledger. stuart: they didn't get the money back. >> they haven't