rich: with tech titans like airbnb and zynga and twitter in his portfolio, ben horowitz sits on top oftalism world. liz: at the very top. risk and reward anchor deirdre bolton. >> thank you very much. liz: you got exclusive interview. >> i was really psyched that he came in and gave us the time. as you said, he really is at the top of the vc world. so i spoke with him, listen he has decades under his belt as an entrepreneur himself. also an investor. i spoke with him about leadership. i don't know, when people talk about leadership, my eyes glaze over. leadership. highs some good insights, i asked him how basically his perspective changed being at the top. this is what he told me. >> the hard decision are ones where there is not a good answer. you will go bankrupt or have to lay a lot of people off. like a successful person does or straight-a student does or good ceo. you have to be able to make that decision. laying people off is way better than going bankrupt. >> he talked about how life is different than mba class and studying and by the book. obviously in a live business it is orga

i am pleased to have ben horowitz at this table for the first time. how could that be? >> thank you so much. i appreciate very much being here. >> charlie: marc andreessen has been here many times on the show. >> and he's always good. >> charlie: so you once described him, i think, as the beyonce and you the kellie roland. >> charlie: tell me about your background, what brought you to silicon valley? >> an interesting thing. i grew up in berkeley, my grandparents were communists, my father is a fairly colorful figure, a political rabbl rebele rouser. my mother was a nurse. it was a defense transition for me to go here. i learned about computers when i was a kid and i just thought they were going to be everything and changed the world. if you're into computers, you end up in silicon valley. >> charlie: you just loved them at first knowledge? >> yeah, well, i loved, you know, working with them. i was always the kid who you buy me an alarm clock and i take it apart to figure out how it works, so i was kind of an engineer at heart. and when i understood the math on how fast

i guess i would say the first bit of advice i have actually comes from mentoring ben horowitz, don'tequire courage. you got to be audacious. don't give up. as far as tech and valuations, it's fascinating. there's a lot of opportunity, lot of innovation going on in technology today. the thing that i'm actually most excited about living in silicon valley are the things that a lot of folks don't know about. the things that are still private with tons of opportunity ahead of it. >> i think yesterday, didn't you get some advice? everybody at some stage in their life to go work for a startup. >> i agree with that. >> what's going to be hot, the next hottest thing? >> i think walker company is amazing. >> good, man. you are good. >> thank you so much. tristan walker. >> good luck. >>> let's get another check of the markets now. herb, you are back to give your three cents' worth. brian, i want to ask you what you think is going on and whether or not this is something that might be something that goes bigger than this. >> well, obviously technology's the driver to the downside here today. the

we are putting that to our guest, ben horowitz, just one of them, my exclusive conversation, more fromll get these tech stocks and follow basically where you left off. stuart: thanks so much. more and more $10 million homes sold in connecticut. is this attacks exodus from new york city's tax the rich mentality? we will discuss it in a moment. (vo) you are a business pro. maestro of project management. baron of the build-out. you need a permit... to be this awesome. and you...rent from national. because only national lets you choose any car in the aisle... and go. and only national is ranked highest in car rental customer satisfaction by j.d. power. (aaron) purrrfect. (vo) meee-ow, business pro. meee-ow. go national. go like a pro. but i didn't always watch out for myself. with so much noise about health care, i tuned it all out. with unitedhealthcare, i get information that matters... my individual health profile, not random statistics. they even reward me for addressing my health risks. so i'm doing fine... but she's still gonna give me a heart attack. innovations that work for you. t

we will all you bring you part three of my exclusive, their conversation with ben horowitz.