>> what is the myth of bill gurley and what is the reality?> i don't know if i can separate the two. i love being an investor. i think, over the past five years, people have made a big deal out of, do you have operating experience as a vc? i think over the next next five years, if the markets play out like i think, they will be asking do they have investor experience, because that is what the job is after all. >> some will only hire partners who were former ceos. >> 90% of the time when a venture capitalist opens their mouth, they are speaking to the entrepreneur they have not funded yet. there is a lot of marketing messages out there. >> it is said you have spanned a generational shift between old and new. would you describe it that way? >> when i came into the business, john doerr and mike moritz were the legends of the game. i competed with them on the google deal and messed it up. >> why? >> they presented it and we were like, oh, let it go. biggest mistake of my career. >> what did 1999 look like compared to now? why is now not a bubble?

then, bill gurley made his way to the promised land of silicon valley, launching a venture capitalist joining benchmark capital in 1999. almost right away, the bubble burst. bill gurley rode the market up and down, along the way making his early bets on some of the best names -- twitter, uber, snapchat, instagram. joining me today on "studio

bill gurley rode the market up and down, along the way making early bets on some of the hottest namesr, uber, snapchat, instagram. joining me today on "studio 1.0," seasoned venture

the senate bill passed 62 to 36, five votes short of the number needed to overturn a potential veto by president obama. in new york, the girlfriend of akai gurley says she plans to file a $50 million lawsuit against the new york police department. gurley was shot dead by an officer in the dimly lit stairwell of a brooklyn housing project in november. new york police commissioner william bratton described the shooting as an accident saying gurley, who is african-american, was totally innocent. in academic news, professor steven salaita has filed a lawsuit against the university of illinois and unnamed donors. last year, the university withdrew a job offer to him after he posted tweets harshly critical of the israeli assault on gaza. a san francisco public defender was arrested tuesday inside a courthouse after she objected to city police officers questioning and photographing two suspects without their attorneys present. when the attorney, jami tillotson, first objected, an undercover police officer threatened to arrest her for resisting arrest. moments later, she was handcuffed. the incident was filmed and posted on youtube. and activists from