emily: chris sacca, thanks so much for joining us. it is been great to have you. right on. ♪ quick leaders in business, politics, and philanthropy. the goal, find solutions to economic problems and establish commitments that improve lives. on this bloomberg television special, we take you to the cgi america meeting in denver, colorado, where a discussion of the nation's growing wealth gap featuring julian castro.

emily: it is interesting, chris sacca just told me he did not invest in those kinds of companies, becausethinks uber will do that. john: i spoke with travis before we made those investments, and i got a different sense. whatnot here to tell you weeir strategy is, but were pretty thoughtful about that. but the third area is explosive, what happens with these devices in emerging markets. now the next billion cell phone users are going to come from india and china. so the idea that our contact information is in this phone, that is an old idea. it belongs in the cloud, like a cloud-based white pages or yellow pages. beth and i, we backed entrepreneurs out of stockholm called true caller and they have over 1.5 billion phone numbers in the cloud. this is a good idea. emily: kleiner famously made a bet on cleantech that did not pan out. how much do you worry about making that mistake or missing the next google or amazon. john: i don't want to make mistakes, but most importantly, i do not want to repeat mistakes. and our limited partners have said that they want us to pioneer new areas and explor