tom perkins, seated next to me, capitalnder of venture firm, kleiner, person is, caulfield and buyers, an alumnus he's aard and m.i.t., renowned businessman and as everyone in this room knows an outspoken capitalist. in january of this year, shortly after his 82nd birthday, is that correct? >> yes. >> he wrote a controversial letter to the editor which was published in the "wall street journal." the letter has since gained notoriety for the parallels it makes between jews and nazi oneany and the current percent, here in the bay area, toms comments on income inequality feel particularly relevant given the current among sanewing franciscoans and what is known as the techy community. without any further introduction, please join me in perkins. tom [applause] to star at the very top, which is to ask you what the catalyst was for your writing this short letter to the "wall street journal." think frustrations have been building up for a long the about what i see as demonization of the rich. but it was a particularly nasty ex-wife, which triggered my response. so i thought, being a norwegian