you started a little venture capital firm, andreessen-horowitz. you have also tweeted 33,000 times. >> in? >> in one year. >> thank you. >> which is more than all three founders of twitter combined. >> yes. that is true. >> since twitter started, by the way. >> i really think the stock in the company should be rebalanced. [laughter] >> we are going to reference some of your tweets throughout this conversation, and i wanted to start with this one, given the anniversary of netscape. this is true, when i came to silicon valley in 1994, i thought i had missed all the opportunity, fun, and excitement. it felt post-apocalyptic. when did you realize you were wrong? >> it really took the internet taking off. silicon valley had been on fire in the late 1970's and 1980's with the pc, and with software, with companies like oracle taking off, and microsoft, adobe, and apple, and all these local companies. and then the valley crashed really hard in the late 1980's. what i learned is, the talent, the latent talent, the number of people in the valley who were ta

marc andreessen invented the world's first popular web browser and co-founded netscape, bringing the internet into our lives and changing our world forever. two decades later, he sits on the boards of facebook, hp, and, until recently, ebay. his venture capital firm andreessen-horowitz backs some of the hottest companies, like twitter, airbnb, and pinterest. i sit down with marc andreessen at salesforce's dreamforce conference in this special edition of "studio 1.0." i wanted to start with a word of congratulations, because 20 years ago, netscape, which you co-founded, launched. can we get some applause for that? [applause] ushering in the web as we know it. how does that feel? marc: it is fantastic. it is so extraordinary. we had a little bit of a glimmer that something might happen, that it might matter, that this internet thing might work out ok. and it turned out it has. emily: you have been incredibly productive since. you started a little venture capital firm, andreessen-horowitz. you have also tweeted 33,000 times. marc: in? emily: in one year. marc: thank you. emily: which is

you started a little venture capital firm, andreessen-horowitz. you have also tweeted 33,000 times. >> in? >> in one year. >> thank you. >> which is more than all three founders of twitter combined. >> yes. that is true. >> since twitter started, by the way. >> i really think the stock in the company should be rebalanced. [laughter] >> we are going to reference some of your tweets throughout this conversation, and i wanted to start with this one, given the anniversary of netscape. this is true, when i came to silicon valley in 1994, i thought i had missed all the opportunity, fun, and excitement. it felt post-apocalyptic. when did you realize you were wrong? companies like oracle taking off, and microsoft, adobe, and apple, and all these local companies. the valley crashed really hard in the late 1980's. the number of people in the valley who were talented and qualified and skilled, who had been through the pc revolution, who had been through the early days of software, there was no real thing for them to do. the minute there was something to do,

marc andreessen invented the world's first popular web browser and co-founded netscape, bringing thenet into our lives and changing our world forever. two decades later, he sits on the boards of facebook, hp, and, until recently, ebay. his venture capital firm andreessen-horowitz backs some of the hottest companies, like twitter, airbnb, and pinterest. i sit down with marc andreessen at salesforce's dreamforce conference in this special edition of "studio 1.0." i wanted to start with a word of

emily: you are way behind mark andreessen. not 100 tweets a day.on: i am between peter thiel and mark andreessen regarding my tweet volume. it is one outlet that my pr team does not control for me to be able to just share my thoughts on the technology industry. emily: i guess i just wonder why aren't you more scared? aaron: that might be generational. i grew up in chat rooms. i'm sure i will say some things that i wake up to in the morning and pull a donald trump or something, regret tweeting for the rest of my life. emily: how much of it is strategy? aaron: it is less strategic than you might think. because my brain is all over the place. it is actually very representative of the random notions that i have. emily: i've had the benefit of seeing you do magic. aaron: i am less active now as a magician. emily: that is a very hard thing to learn. what have you learned from that? how has it affected your career? aaron: magic is weird. have you been to a magic conference? emily: no. that sounds like an interesting experience. aaron: you think the tech i

emily: so you are way behind mark andreessen. you are not at 100 tweets a day. peter thiel and mark andreessen in my tweet volume. no, it's my one outlet that a pr team does not control for me to be able to just share my thoughts on the technology industry. emily: i guess i wonder, like why aren't you more scared? aaron: that might be partly generational. i mean, i grew up on chat rooms. i'm sure i will say something stupid someday that i wake up to in the morning and pull a donald trump or something, and then regret tweeting for the rest of my life. emily: how much of it is strategy? aaron: it is probably less , actually, strategic than you might think. because my brain is sort of all over the place. so it is actually very representative of the random notions that i have. emily: i've had the benefit of seeing you do magic. aaron: i am less active now as a magician. emily: that's a very hard thing to learn -- aaron: yeah, some would say it's impossible. emily: what have you learned from that? or how has it affected your career? aaron: so the magic industry is ve

now marc andreessen. let's talk about this for a moment. i get where he's coming from, louie.e of the echoes from back in the day. but apple sitting on more money than any -- than a lot of countries. let them build this headquarters. >> sure. and apple buys its stock back and borrows -- >> 54 billion last year. >> correct. and buy cheap both domestically and internationally. if it's a bubble, it's in those little ipos. once those companies go public, the insiders will start cashing out in 120 days. i don't like to buy them on the ipo. i like them to settle down. i catch them when the insiders cash out. >> things like the gopros and alibabas. you let them shake them out. >> you have insider trading. alibaba did miss. i don't want to own them right now. you saw it with facebook. facebook increased the offering. then everybody had a sell to pay taxes. and then, you know, i picked it up about 18 months later. matt: i'm okay with it too. you're also looking for talent. very tough to get good talent. when you have the better campus, bring more people in. most out of your employee at

entrepreneurs at the top of his game in silicon valley after stops at foursquare and venture capital giant andreessen horowitz the new york city native started his own start up called the walker and company brands. the latest and a single blade razor. more than 900 million in funding he's disrupting the %. >> thanks for having me. >> you are from silicon valley. spent a lot of time in the technology world. and yet your first product is a razor. which means very low tech. what is special about this razor. >> bevel is the first shaving system designed for folks with coarse and curly hair like me. prone to shaving irritation r b. we sell online. and that is where the technology starts. i like to describe as this duck analogy. very beautiful above water but legs are flapping beneath it. there is a lot that goes on behind the engine to offer the best experience all the way down to the supply change. >> something i never even thought about. you need a different razor if you have different type of hair that comes out. >> absolute it. up to 80% of black men and women have this issue. and 30% of men and women

valley with no job, no money, no real network except that maybe you went to the same school as marc andreessenone point. why did you come here? max: so i started four companies on campus while i was at u of i. and every time we would fail, which we consistently did, the co-founding team, or parts of the co-founding team, would drop out, typically, and up and go to palo alto. it was this magical place where even though we just failed, you could go and succeed. emily: the promised land. max: it was the promised land. emily: now, this is something i didn't realize, but paypal is actually your fifth company. max: mm-hmm. emily: what happened to the first four? max: varying degrees of hope-crushing failure. the one before paypal was almost, not quite dead, but it was still kind of dead. emily: so how did paypal get started? max: it was really hot in palo alto. it gets really hot. san francisco is moderate, but palo alto gets pretty brutal. i would go to stanford and sneak into summer lectures, because they were air-conditioned. i snuck into one because i recognized the name of the guy giving the gu

the company raised $52 million led by andreessen horowitz today. stephen joins us now. cover this stuff like crazy. i have a hard time figuring out the difference between these companies. what is so unique about tanium? steve: the instant response across the network. how many devices are connected to the internet across your house? cory: a couple dozen. stephen: you do not know the number. how fast can you figure out which ones are connected, what they are running? that is what we let you do in 15 seconds. a million different cash registers, pcs, laptops. to figure out what is going on on all of them and 15 seconds. cory: all of the information, all of those ip addresses the lights above us rip controlled. steven: what matters the most is getting the most up to date instant information. it is not a data solution. it is a communications solution. in the old world, those tools were all about a database. by the time you are done, it is out of date. tanium brinks management -- brings management and systems data. cory: does it work the same way as spiders were used? programs

speaking of, mark andreessen is waiting in himself.boot camp to help women and minorities get spots on boards. what you think about that? how can you be on a board if you have never been on a board? alex: i think that is a fast test it -- fantastic first step and i commend him for it. that for the folks at the top today, they are the ones who issued the invitations to join the club at the top. they need to be aware how they have preferences, biases unconscious and conscious. alix: alex, to be fair, when women get to positions of power, do you think that they are very hopeful to women who are under them in the hierarchy or do they wall themselves off? alex: that is a fantastic question and i think that is a mixed bag as well. i think we need to stick together. men need to be part of the solution and women need to be part of the solution. we need to help each other to build stronger companies, a stronger country, and a stronger planet. we need to ensure we have the top talent in every possible situation. alix: that's not the problem. the

>> everyone from andreessen to 10 sent?ook a flyer on this thing in a late stage a lost of all. >> who knows? jason goldberg says he is using that money to try and make some thing happen. >> a cautionary tale, and it's not going to be the last one. sara, thank you. -- sarah thank you. you can watch us streaming on your tablet, phone bloomberg.com, apple tv, and amazon fire tv. we will see with more "bloomberg west," tomorrow. ♪ >> from bloomberg world headquarters in new york, i'm mark crumpton. this is "bottom line." the intersection of business and economics with a mainstream perspective. to our viewers in the united states, and from those of you joining us around the world, welcome. we have full coverage of the stocks in stories making headlines on this tuesday. julie hyman looks at the ceo comings and goings in retail. alix steel examines exxon's expansion into russia. and peter cook will have the details of israeli prime

>> everyone from and recent -- >> andreessen horowitz took a flier on this thing at a pretty late stageit all. >> who knows? jason goldberg says he's using that money and will try to make something happen. cory: a cautionary tale and i guess it's not going to be the last one. thank you very much. you can get the latest headlines all the time on your phone and on your tablet on bloomberg.com and bloomberg radio. we will see with more "bloomberg west" tomorrow. ♪

they have bigger competition now when you think of greylock and andreessen horowitz, kind of the newthe block. but let's not count them out. they were in nest, which sold to google. they were in snapchat. i think they need an influx of fresh or talent but it is still one of the eager names and i think it will survive this case despite the bad the city. -- bad publicity. publicity tom perkins brought to the firm with his infamous op piece about the 1%, where he compared the persecution of rich people, saying i would call attention to the parallels of fascist nazi germany and its 1%, namely it jews, to the progressive war on the rich. is that something about their culture where they just think they are different from everyone else? brad: i don't think so. even of the founding names, he was no longer at the firm. no organization is judged by its alumni. i think they have distanced themselves -- i don't think that hurt the brand as much as this trial has. it has been such a slow buildup to the case. i think they did not enjoy those comments a few years ago, but i would not compare that t

sarah: everyone from and andreeson to -- cory: andreessen horowitz took a flier on this thing at a prettye and lost it all. sarah: who knows? jason goldberg says he's using that money and will try to make something happen. cory: a cautionary tale and i guess it's not going to be the last one. thank you very much. you can get the latest headlines all the time on your phone and on your tablet on bloomberg.com and bloomberg radio. we will see you with more "bloomberg west" tomorrow. ♪ >> the following is a paid advertisement for starvista entertainment and time life. ♪ welcome to my world ♪ >> these are songs we will always remember. ♪ won't you come on too ♪ >> songs we grow up with. ♪

and andreessen horowitz has a big legacy there. is that missed in the hype of valuing as and whatnot, are there really attractive companies to look at there in the enterprise? >> well, the enterprise of course is the infrastructure of the world in terms of computing. and there are probably 1 billion end points. those are pcs or macs or laptops, desktops, virtual machines, cash registers, atms, all managed at the enterprise level. and taniun is an important part of that market. >> it seems with companies increasing their own cyber security budgets and government increasing their budget here, it's hard to have an accurate number here of what the possible spending in this space actually is and what tanium could capture there. >> budget is enormous. but the key for tanium is that the target market are all of the end points. it could be servers in a data center, laptops, design work stations, virtual machines, atms, cash registers. easily 1 billion possible end points are the target for the tanni um company right now. >> semantic has ha

andreessen horowitz, rapper snoop dogg and noz. actor jared leto. how did they get involved?hese people? >> we have. they are good friends of ours we meet when our schedules line up. we bring importance of stock trading to whole new generation of americans. some things we see, they're really excited about is our average customer is 26 1/2 years old. and. just last couple months. we customers $500 million in commissions. liz: if you put a number on that is extremely useful. put a number on this. monetizing this. vlad, how do you make money? investors want to see return on this at some point? >> they do. right now our main focus is on growth. robin hood has been growing like crazy. we launched on the app store yesterday, really. so, the plan is to just continue the rapid growth as long as possible. and, we're a financial company. you know. doesn't take a genius to figure out how to monetize this business. there are tried and true methods that other brokerages used very effectively in the past, aside from commissions. and premium services for, more active, more sophisticated inv

attention of interesting investors, including people like snoop dogg oscar-winner jerod lehto and marc andreessenonly available on the iphone. no fees, no minimum deposit needed. after an incredible invite trial run, it is now officially open to the public can give traditional brokerages a run for their money. robin hood cofounder joins us now with more. thank you so much for joining us this morning. you have a great lineup of backers here. you have a per city -- a pretty successful trial run. the question remains -- if you are not charging commission and fees, how exactly are you making money? guest: it is great to be here and we are very lucky to have investors like jared and knocks and snoop but top-tier capital venturers like that and are investors are in it for the long haul with robin hood. you see this as a company where we can have customers with us over the course of decades. you will be offering premium services like marginal lending. we'll be collecting interest on customer cash balances and earning revenue and a lot of the same ways that brokerages earned revenue and charge commission

this start upraised $2.5 million from andreessen horowitz and sales force ceo mark benioff among othersn. another start-up named cheruiyot which raised 75,000 rides and doesn't offer the same perks as leap. it's less expensive, $4 per ride but the ceo says his service is better than the competition. >> more comfortable, faster than public transit and much more affordable than the point-to-point services like uber and lift during commuter hours. >> reporter: now currently cheruiyot runs on four routes in san francisco. two, the ceo says their already profitable and this week launched a crowd-sourcing campaign. the idea a commuter highlights the route they want. if enough do they create it. right now in san francisco, still a lot of people use public transit. some 700,000 passengers a day, but you talk to the ceos of leap and cheruiyot and they are having a lot of fans and they have big ambitions, both hoping to expand beyond just the city by the bay. back to you. >> i'm thinking of the movie "speed" right now josh. >>> this week uber's ceo stepped down and in the past months seen red hot

here is the managing director of andreessen horowitz. me. >> you look at these unicorns -- are these unicorns or not? >> they're certainly unicorns in the sense there are not that many that get to this level of valuation. they're not unicorns in the sense that i think we should not be worried about these valuations. a lot of what's happening is these companies are staying private tremendously longer periods of time. that's causing to confuse the private markets with bubble talk. >> one thing we talked about is the issue that while they remain private, they have public investors. >> that's true. >> so we look at t. roe price and blackrock. what does that mean? >> i think you talked about it earlier. the biggest trend that's happening is the shift of dollars from the public markets into the private markets. sop if you're t. rowe and you're saying where am i going to make my money? there's not a lot of growth in the tech markets publicly. a lot of the companies that just quite frankly aren't growing significantly. so i think what this is mo