. >> we recently announced $65 million led by andreessen aura with and jeff jordan just joined our board and i saw a few years ago the session you did with jeff and brian. that phase of companies becoming what it is today and we believe cadre will also be the next dimension of transformation and in our world what we are really focused on this redefining investing. the same way amazon changed spending, buying. 10 years from now we want cadre to be the catalyst of the investor world of specifically what we are building is the stage iv real estate investment. maria: you come with the experience of a real estate business. >> lack stone was an incredible platform and experience and the institutions that built a great business. the way we think about our business model i cadre is if i would ask you what is the largest most profitable industry in the world most people wouldn't know the answer. it's real estate, and 80 chilean dollar industry and you've seen transformation with airbnb and car sharing with uber but no one knows is the biggest industry in the world. we are adding a new dimension t

its backers include andreessen horowitz and battery ventures. joining us is the ceo and cofounder. for joining us. companytand that your helps provide ai tools that startups might have trouble providing on their own. >> that's exactly it. emily: tell us a little bit more about how it works. seeing out there, we have over 500 customers, and we see a big gap. everybody talks about how ai has taken over, but they don't tell you that only 1% are actually successful. the huge potential, but they are struggling with it. they don't have 20 dozen engineers to focus on this problem. tore are three problems attack. one is a people problem. are solving cancer diagnosis with ai, you probably need medical doctors involved, and they need to collaborate with data scientists. that is the first problem. the second problem is the process problem. they have to stitch together lots of software to get ai working. finally, there is an infrastructure problem managing machines we have built. and analytics process to develop -- address this. emily: i spoke to nikesh arora -- formerly of google, and he says

. >> they are calling him the next bill gates. 24-year-old mark andreessen helped start a company calledetscape. the company's stock went public and wall street went bonkers. so what does netscape produce? that now makes the company millions of dollars? this, the navigator, software which makes it easy for people to connect called the internet. >> microsoft has a long history of feeling threatened by hot new upstarts. you could easily argue that bill gates' game plan was world domination. >> these guys can be taken. but the only way we're going to take them is by studying them. know what they know, do what they do, watch them. take every one of their good ideas and make it one of our good ideas. >> microsoft came down and said to netscape, we can be friends or enemies. if we're going to be friends, that's great. you'll get all the advantages of working with microsoft in a lot of ways. you'll be on the home screen of a lot of computers or we can compete. we're going to basically do whatever is required to kill you. >> some people believe you have an appetite for power. you are the embodim

if you have your eye field on spotify and are an addict already, you can go into andreessen and horowitz'sst. they are already available. this is something they have been playing up behind the scenes. they commissioned original content on the music business. they are expanding that and will be commissioning a new batch of original podcasts in the coming months. so clearly this is a key move. about is this all diversifying the business model before an ipo? >> i think it is. the share listing is coming up in october. they are looking to ramp up where they get the revenues from. they have to give away so much in terms of royalties to music labels. they are looking at new areas of growth and wooing advertisers. no wonder, when the teenagers and adults in america, 15% of them come are listening to a podcast for week. this could be monetized. we understand advertising revenue is set to grow 85% this year. this could be more than $200 million. it not only helps with advertising, but it also helps with addiction to the spotify app itself, because they don't want you going into an apple app while y

. >> we recently announced $65 million led by andreessen aura with and jeff jordan just joined our board and i saw a few years ago the session you did with jeff and brian. that phase of companies becoming what it is today and we believe cadre will also be the next dimension of transformation and in our world what we are really focused on this redefining investing. the same way amazon changed spending, buying. 10 years from now we want cadre to be the catalyst of the investor world of specifically what we are building is the stage iv real estate investment. maria: you come with the experience of a real estate business. >> lack stone was an incredible platform and experience and the institutions that built a great business. the way we think about our business model i cadre is if i would ask you what is the largest most profitable industry in the world most people wouldn't know the answer. it's real estate, and 80 chilean dollar industry and you've seen transformation with airbnb and car sharing with uber but no one knows is the biggest industry in the world. we are adding a new dimension t

. >> they're calling him the next bill gates. 24-year-old mark andreessen, 15 months ago, fresh out of university of illinois, he helped start a company called netscape. at 11:00 a.m. this morning, the company's stock went public and wall street went bonkers. so what does netscape produce that now makes the company worth $2.9 billion? this. the netscape navigator, software which makes it easy for people to connect to the global computer network called the internet. >> microsoft has a long history of feeling threatened by hot new upstarts. you could easily argue that bill gates' game plan was world domination. >> these guys can be taken. but the only way we're going to take them is by studying them. know what they know. do what they do. watch them, watch them, watch them. take every one of their good ideas and make it one of our good ideas. >> microsoft came down and essentially said to netscape, hey, you know, we can be friends or we can be enemies and if we're going to be friends, that's great. you'll get all the advantages of working with microsoft in a million ways and on the home s

what is to keep sequoia or marc andreessen who is in the valley to do this >> here's the thing.like marc andreessen or sequoia, these well-known venture firms, when they go after lps and raising funding, they are tapping certain sources they're used to doing. they're not tapping global sources the way mrasa son does >> is the fee -- what's the fee structure on this deal >> on his vision -- >> is that similar to what a $2 billion venture fund would be? >> i don't have a report, but it's similar to other lps. >> he's just minting money printing it. >> he's printing money basically. there's a lot of opportunities now in the space, whether it's ai or virtual reality thing. he's realizing he needs to jump into it. >> the one and only, ed lee. thank you. >> thank you >> say hello to cara for us. >> will do. >> she was making hay on twitter. >> profane >> i have to follow her, before she tells me, she says it on twitter. >> she said things like that to you? >> no. no sometimes she'll have news, break it on twitter. i was like can you please write a story first before you write it on tw