still ahead, entries and horowitz cofounder ben horowitz. -- andreessen borowitz cofounder ben horowitz>> you are watching "bloomberg west." in for emilyhman chang. let's get to your top headlines. neweted searching for a chief information officer after the data breach exposed personal information of tens of millions of customers. fe new executive will replace jacob, who has just resigned. wireless tops its rivals in network performance, according to a new study. in a six-month review of reliability, speed, data and call quality, verizon scored 90 out of 100. at&t was second. sprint and t-mobile way behind with scores in the 60's. facebook stepping up enforcement of posts talking about gun sales. facebook says it will delete posts when users declare a willingness to break the law, transporting a gun across state lines. facebook will also send messages to people posting about selling guns, reminding them to follow the law. a successful company in silicon valley, chances are andreessen horowitz is already an investor. the firm has had stake in facebook tom at twitter, and -- facebook, twi

it's a different kind of a thing. >> that was ben horowitz, general partner and cofounder of andreessenitz, speaking with cory johnson. bloomberg lp, the parent company of this network, is an investor in andreessen horowitz. our own emily chang will be speaking with google executive chairman eric schmidt and google ideas director jared cohen in los angeles later today. live stream it on bloomberg.com at 7:00 eastern or catch the full conversation this thursday, "bloomberg west" 1:00 and 6:00 eastern time. coming up, google's investment arm makes a big investment in auction.com. ♪ >> welcome back. i'm jon erlichman. this is "bloomberg west." you can catch our early edition, 1:00 p.m. eastern time. the idea of online marketplaces is not new. there have been a lot more specific online markets that have developed. auction.com is a great example in the business up property and real estate. google capital just invested $50 million in the business. the president of auction.com joins us now. the stat that caught my eye about auction.com is that it sold upwards of $7 billion in real estate onlin

and now co-author, ben horowitz, has a new book.tor at large cory johnson sat down and talked with ben horowitz and asked what makes them such a competitor. >> people know us because we write about what we think about building a company. we are not the only ones doing it, for sure. but it is also a relatively new thing. this is what we think about a sector or investing. it is more like this is how we think you should lay somebody off. it's a different kind of the thing. we let them get to know us. that combined with the philosophy of how we can help founders run their company makes us very competitive. >> i wonder, we stumbled around and decided that social media, the cloud would be something we would focus on. who knew that it would be that? i wonder if you see new things emerging. >> drones, 3-d printing, these are areas that are starting to emerge. these have potential to have influence. and he transformational. >> is 3-d printing new? >> patents just expired on 3-d printing. they expired i want to say two years ago. that has cre

someone else who knows what it takes to succeed, ben horowitz.f that ahead in our technology segment. ♪ >> just one month after stepping down as the ceo of microsoft, steve ballmer shares his thoughts on building a tech business. this comes to us as part of a special series, bloomberg presents the oxford series debates. >> a few principles i would highlight for this audience in terms of business success, the first one is probably not one that gets talked about as much as it should, that ideas do matter. you really do need a powerful idea to have a business that is going to succeed. whether it is a very small scale or large scale, you need an idea that is significant. in the world today it is easy to read about start up this, startup that, start of the other thing. basically you can start businesses now without an idea. that is interesting. i would say that the quality of most of the ideas i hear about anyway are not that powerful. people spend too little time trying to get the right idea. getting the right idea is really hard. you have to work at

ben horowitz is one of the biggest names in tech investing.his teenage years he was an aspiring rapper. he quotes hip-hop lyrics to help drive home business advice for entrepreneurs. here's what he had to say, or rap, about the business wisdom of jay-z or kanye west. >> you can't tell me nothing. nothing.'t tell me hip-hop is the music of entrepreneurship. pro-becoming a man as opposed to railing against the man. they think about themselves and talk about themselves as an entrepreneur. when i write a blog post, it is generally to try to teach an entrepreneur how to do something. the post can take you through how to do it, it can't teach you how to internalize it. ♪ i wrote a post called cash flow and destiny, which is about white billing cash flow positive this important because then you can control your destiny. it is great for me to explain that, but until i put in kanye saying wait till i get my money right, then you can't tell me nothing, right? it is a little harder to understand. as another example, you wrote a post once on how i think f

we are back with ben horowitz, an entrepreneur co-founder of the vc fund, andreasen horowitz.w new book "the hard thing about hard things," building a business when there are no easy answers. the fund has helped fund big names, you know them all, facebook, twitter, airbnb. two others include julep and quirky. thank you for being here. congratulations. >> thank you for having me. >> you'll be here for the whole hour. i have a lot to talk to you about in a moment. while we have some of your proteges. >> we consider ourselves proteges. >> give us the story of -- these guys show up on your door step. we have viewers who are prurz, wa entrepreneurs, want to be entrepreneurs. how does this all happen? >> i think that, you know, with both jane and ben, the two things we looked for in entrepreneurs are kind of a great idea and a great deal of courage and both of them displayed that throughout their careers and also something we like to call founder market fit. was this person born and filled their whole life trying to build this company. they almost like can't exist without quirky and

cory johnson sat down with cofounder ben horowitz.hat makes his firm so different. thing isst fundamental that when i was an entrepreneur, venture capital is oriented around finding an entrepreneur with a brilliant invention and assembling a team to build the invention,inst that and bring in an experienced ceo to run the company. whether that happened or not, that is what they were good at. they were good at recruiting. when we came in, our whole idea was, let's assume we want the inventor to run the company, then what kind of firm do you need to build to enable that founder to learn to be ceo and become a confident ceo, and to the structure of the firm and the kind of partners we have are all geared to enabling a founder to be a ceo. that has probably the highest impact in the sense that you see other venture capital firms at least going, we're going to give the founder more run. value oftand the hounding the founder -- >> vc's changing their approach as a result. >> exactly. >> that is just a part of the conversation with ben horowi

we turn back to cory johnson interview with ben horowitz, and the author of a new book " the hard thingd things." for a lot of reasons we have been able to compete really well, and a lot of it is people know us because we write about what we think about. not the only ones doing it for sure but relatively new thing in venture capital. as opposed to this is what we think about a sect or are or this is what we think about investing. more like this is how we think you should lay someone off. a different kind of the thing. .et them get to know us that, combined with the philosophy of how we can help makes us very competitive. >> i think it was the first guest on the show. that was last week. i wonder, and we stumbled around and decided social media, the cloud and mobile would be the three things we would focus on. i wonder if you see new things emerging? currency forh sure. .rones and 3-d printing those are all areas that are starting to emerge and have potential to be transformational. new? 3-d printing >> the patents just expired. it was basically lock down completely. this has created a w

coming up, andreessen horowitz cofounder ben horowitz on the essential of doing the dirty work to buildccessful startup. the deal between dish and disney that could have the cable guys looking over their shoulders, including netflix. ♪ >> 30 minutes to the opening bell -- this is "in the loop" with betty liu. the countdown begins right now. >> welcome back. you are "in the loop." here is a we are working on. futures indicate stocks are little changed at the open. companies added fewer employees than expected last month. bad weather could be to blame for some of that. billionaire elon musk goes to capitol hill. he will testify before a senate panel on national security space launch program. biggests -- world's package shipping company is making investment in alternative fuel. carol massar recently went inside ups. i remember that well. you are driving the truck, delivering the packages. those vehicles will run on a variety of fuels. >> they have been for some time. they have electric, hybrid electric, and traditional gasoline and diesel, and they have propane. the news today from ups is

ben horowitz is how with "the hard thing about hard things." rt this. horowitz is not the typical ceo whisperer who advises entrepreneurs on trends strategy or business school wisdom. they call on him when they have to fire a friend or make unpopular decision or when they realize their plans are getting clobbered in the market. did marisa mayer call you about that e-mail coming into work? >> in marisa's defense it wasn't just about coming into work. >> i totally defend her on that. it was about collaborating and interacting? >> a lot of people were working from home and she went and she checked to see if they were actually logging in and they weren't. >> you see, that totally got misunderstood. >> yes. >> i also know that the stuff we do to develop this show involves being together and interacting and ideas forming. i think when you have a lot of people working at home, it can be difficult. tell us, first of all, about the book. >> the book is a book i wrote just because through my experience as ceo and the trouble that i had is i read almost ev

and venture capitalist ben horowitz says it's easier to teach an innovator how to be a ceo.ome women wear wigs for fashion a reins. some for medical reasons. today's elevator pitcher hopes to serve both with her unique line. >>> hi. i'm crystal hughes, the founder and ceo of wig capital llc, a unique online wig retail business where everyday wig wear ers can gain a 25%% tax reduction by shopping with us. a large percentage are sold to 75% of the population of women and a percentage of those are transgenders, transsexuals and cross dressers. wig capital has been in existence since 2009 and we went international in 2013 selling to nigeria and sales were $10,000. the large percentage of wigs, which are the most popular wigs, synthetic wigs, we sell for $20 to $200. human hair wigs sell for $300 and some $2,000 to $8,000 in the usa. i'm asking for $250,000 for 25% equity in our company with a two-year return. the money will go to pr, investment -- i messed up. >> no, you did a great job and you look very different than when you came in this morning. okay, guys. i'm going to give

horowitz. just a quick disclaimer, bloomberg is an investor in this company. ceo benan started a slew of other companies before finding a wingding -- a winning formula with online billboard. our exclusive interview coming up. ♪ >> entrepreneurship is an important life skill, so important that a nonprofit called build is working to teach inner-city students how to start their own businesses. ben silverman shared his own words of wisdom at a 2014 gala where he was honored. he started five companies that failed before founding his online site. >> i was introduced to build by jack dorsey. i think the idea of getting kids excited about entrepreneurship is a really good idea. >> as an entrepreneur, what you think is important to teach kids the skills to get them to stay in school? >> i think a lot of entrepreneurship is about trial and error. it is really easy when you are a student to get discouraged or have someone tell you you're not smart enough. it is building that discipline of taking criticism and keeping going. it is a great thing for especially high school kids to

. >> i started with ben horowitz on the east coast. and then benjamin netanyahu on the west coast.d an interesting weston and silicon valley -- we had a very interesting conversation about israel and silicon valley. ♪ >> welcome back here and i am emily chang with cory johnson who spoke with israeli prime minister benjamin netanyahu yesterday while he was visiting silicon valley. >> the governor of california is striking a strategic deal to make a better relationship with companies. ceo. with the whatsup my hebrew was tested yesterday. it was interesting. he also met with the executives of a number of companies, even visiting apple. let's hear what he had to say about that. there are so many technology companies coming out of israel. you were at apple earlier today, yes? what did you learn? like i learned that they are in israel and for good reason. of applications and a lot of ideas. right now, the future he wants to those who can innovate. the future will belong to those who can innovate even more. -- a lot ofmpanies is really smart companies are here. i want to make sure that co