emily: an article was written recently that sequoia has made more money on y combinator than y combinatoras. paul: yeah. strictly speaking, i believe more of that $30 billion worth of equity belongs to sequoia than us. emily: and your policy is you don't make follow-on investments, right? paul: yeah. emily: would you ever consider changing that policy? in order to make money off the hits that you picked? jessica: we never say never. but the problem with that, emily, is that there is a signaling thing. emily: right. jessica: and so, if we were to do follow-on investments, we are telling other investors who we believe are going to be the best, and that would hurt the founders, who are probably great investment opportunities, but we just didn't choose to do a follow on in. emily: does it bother you that sequoia has made more money than you have? paul: no. who cares? jessica: i'm happy for them. i really like sequoia. emily: y combinator has gotten so much praise but also a lot of criticism. why do you think it is so controversial? paul: one of the most surprising things, i realized, as why y

how did they build y combinator into what it is today?oining me today on this edition of "studio 1.0," y combinator founders and husband-and-wife paul graham and jessica livingston. thank you so much for joining us. jessica: thank you. emily: so paul, it has been six months since you stepped down from the helm. paul: about that, yeah. emily: of y combinator. how is it going? [laughter] paul: it is so great. i wish i had done it two years before. emily: why? paul: it was so hard running y combinator. i mean, i'm not really an administrator. y.c. had gotten kind of big. suddenly i was running this big thing. i was never suited to it. emily: you said you would get your brain back. did you get your brain back? paul: yeah. emily: you are still doing office hours. paul: i had, this afternoon, i had the best conversation with a founder that i've ever had. i had lunch with patrick collison. founder of stripe. 100% of the conversation was about giant, take-over-the-world ambitious plans. and that is like the best possible office hours. emily: how

y combinator is doing a lot of things. emily: i want to talk about each of you and where you came from. your parents. paul: my family came here from england when i was 3 1/2. and we lived in pittsburgh. when you design a nuclear reactor, he figured out if it was going to explode. emily: what kind of kid were you? paul: i was a bad kid. emily: what did you do? paul: i was always, always getting in trouble with everybody, constantly. i was suspended from school i think at least once every year from like first grade to 12th grade. emily: and you got into computers. did that help? paul: they didn't teach computers in school. it was something you did on the side. emily: when did you start coding? paul: i think when i was 15. on an ibm 1401 with 12k of memory. emily: you got your degree from harvard. and you took art. paul: i never knew what i was going to do. it was always a mess of random accidents. emily: jessica, what about you? jessica: i grew up outside of boston, and i was an angel. [laughter] i grew up with my father and

how did they build y combinator into what it is today? joining me today on the addition of "studio 1.0," husband-and-wife paul graham and jessica livingston. thank you for joining us. >> thank you. >> so paul, it has been six months since you stepped down from the helm. >> about that, yeah. >> how is it going? >> it is so great. i wish i had done in two years before. >> why? >> it was hard running y combinator. i mean, i'm not really an administrator. y.c. had gotten big. suddenly i was running this big thing. i was never suited to it. >> you said you would get your brain back. did you get your brain back? >> yeah. >> you are still doing office hours. >> i had, this afternoon, the best conversation i've ever had. i had lunch with patrick collison. founder of stripe. 100% was about ambitious plans. that is like the best possible office hours. >> how involved are you, jessica? >> i'm doing all of the same things i used to do. if not engaged in different things. i miss working with paul but i also love working with sam. >> sam was the founde

what we call in the army operating concept joint combined arms combinations. >> let me ask you a couple personal questions which i think will help enrich the discussion. you've really had quite extraordinarily a range of combat experiences from being a troop commander to being on a very senior staff in afghanistan. it's really -- it is extraordinary. could you tell me let's say the top three lessons you've taken from your personal experience fighting this country's war in iraq and afghanistan. >> it's a great question. i think what those experiences have demonstrated to me again is really a point that i made earlier, is that there are really important continuities in the nature of war and whenever we try to do what carl van claus warned against, don't try to turn war into something that's alien to its nature, that's when we have problems. we have problems when we don't recognize the political, the human dimension of war, war is uncertainty and war is a contest of wills. so i think an overall lesson, and it's a great question because i think the lessons that we learn from the wars in afg

sometimes they will write for combinations-- small combinations of instruments and if there's more than that's called chamber music. the piano trio is a very popular ensemble. in a piano trio, we have a piano, we have a violin and we have a cello. (narrator) for the chamber musician an awareness of textural changes and how each part fits into the overall work at any given moment, is critical to a successful performance. (man) the ghost trio has an amazing variety if textures within it. for instance right at the very beginning, you have an abrupt and almost violent start. the interesting thing is it's completely in unison. the violin, the cello, and the piano are all playing the exact same notes. [playing in unison] so that's one kind of texture. and then immediately after that, you get not only a change in texture but a chan in the mood where the cello takes a very beautiful solo all of a sudden and we accompany and then i answer the cello with a melody on the violin. [trio plays together] so you get very sudden shifts in character and in texture. it's one of the big challenges of playi

was basically two different concepts about instrumental combinations in the renaissance.oup of like-sounding instruments for example, four recorders all of different sizes playing together. it's a beautiful sound somewhat like a pipe organ because you don't hear the individual voices as much as just this beautiful sonority. the other concept was to have instruments from different families playing together, what sometimes is called a mixed concert or broken concert. and this could be a combination such as a violin, a flute, and two different sizes of lutes all playing together each with a very distinct sound which tends to bring out each individual line. when you have four different instruments playing the same piece you really hear clearly the four different voices. (herreid) when we talk about timbre in terms of early music, we're talking about this palette of tone colors that was available to the people who played the music of the renaissance or of the middle ages. and those of us involved in the "authentic" performance practice of early music tried to, as a rule, use i

do they have to combine now?ther, they all have to accelerate their cost savings, whether self-induced or forced from the outside. general mills did a modest one. kellogg did a little bit more. mondelez doing a significant one and campbell's moving asset around in their portfolio. i believe what 3g is proving with the ebitda on heinz, what they're going to prove with eventual ebitda on kraft-heinz the food companies need to win on costs. talking big food companies, not whitewave that still have growth, they've got to figure out a way to accelerate cost savings. do they have the right teams in place do that? in some cases yes, in some cases it will help a company like 3g to light the fire behind them. >> 3g adopted the zero cost budgeting, scrap existing cost estimates and start from the ground up. that's what led people to think 3g was eyeing campbell earlier on. but i'm wondering if you think this puts pressure on any of the companies to merge and alleviate some of the pressure that way. >> i think it may. i thi

in this case, heintz is going to be combining with kraft.e are looking at the value of this deal at $46 billion, not including that debt including a fusion of capital of $10 billion from 3g capital and berkshire that will pay a one-time special dividend of $60 and $.50 to the crap shareholders -- $60.50 to the heintz kraft shareholders. a little bit unusual -- it's also unusual in the fact that we cannot put a precise value on this deal because we don't know where the shares are going to trade once heintz combines with kraft. mark: how did this come together? julie: get is not exactly clear but it seems to have come together rather quickly. we heard some talk about 3g capital raising some cash to do some kind of deal. there was a lot talk about it being a consumer product deal. we saw companies like campbell kellogg's late last year. we are here mid-march and the deal is done. it seems to have come together rather quickly. mark: who are the winners and losers here? >> the two companies appear to be the losers, campbells or kellogg's. the com

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. >> thank you doug doug in many ways this is an honor of you and certainly of our wonderful combination between you and st. anthony's i want to be here because i've known vourgz and want to say thank you to jane kim we both continue this record pace of cutting ribbons and opening doors of opportunity and praising our developers our nonprofits our service provides in this community it wasn't long ago that st. anthony's opened their brand new kitchen more than that a kitchen their entire services a whole floor was being created along with a brand new food center in this neighborhood and we pointed out at this time we pointed to this housing side as the one i wanted to get to as soon as as it was ready to get open you have to be at least 62 year-olds well, i'm 62 this year laura i joined the ranks of other seniors wanting to make sure that our city is welcome to everyone this is an incredible center over 90 brand new units in the heart of one of the most challenging afterwards our city i know that supervisor kim knows that we've been at oscar pistorius were time after time the needs were i

bring out group of english learners are the i'm sorry the latino group and the chinese group both combine about 89 percent of inspire english population and the entire pie represents about 28 percent of our student population but if you counted for those people that want to be in clarified as english proficient that's over 50 percent of the student population they're talking about but we are going to focus on this group okay so imelda the chinese and the latino group so the next slide will try to show you the breakdown of the two main chinese and latino group all-state populations to the loose 5 years from year 2010 to 2014 so let's look at the chinese group first, the entire body present entire student population for the chinese yaefrn and if you look at the top actually it is kind of like doctors so that means actually, the numbers are english chinese students are dr requesters over the years if you look at the utilizing groups they're actually increasing in that clarification so increasing on the utilizing students every year and let's beaked into each bar you see the gold bar of the e

more and more this incredible combination of the stoilgdz and also mercy hours you could also expect they'll produce quality good types of housing for the seniors that as larry said earlier represent the respect that is deserved that is this project we have in your sights the opening of another senior housing in the bayview and in the western edition all appropriately named as well but i want to be here personally i've known and worked with vieira over thirty years when i began a attorney she was there asia annie is here in her honor i know all the senior housing and services from joint powers authority from our own regional go people who have worked with vieira over many, many, many decades and it is unquestionable she was dedicated i wanted to be here in praise and her daughter's may know my name was mentioned in the household vieira and i go back the first when she asked me to attention. if to eviction and food and health and housing were you'll part of her entire life for over thirty years when we placed her on the emigrated rights commission it was all about civic engagement and

expect a combination of sun and clouds, and temperatures in the mid 50s.w is like a slap in the face to be honest. chilly and winds gusting in the 30s, chilly and windy combination of sun and clouds. the exclusive accuweather seven-day forecast, chilly monday, as well as. 44. mostly sunny tuesday 48. it stays quiet and wednesday we start to warm up again 55 degrees, rain thursday, 60 and friday, sun and clouds, 52. a couple of days where it's chilly. >> which is good weather to stay inside and watch basketball. >> reporter: final four who do you have picked. i have kentucky, arizona and duke and virginia. >> i have kentucky/wisconsin, michigan state everybody else is choosing villanova. vegas is in business for a reason. everybody is on villanova. >> we'll see how it goes. >>> she stunned in the little league world series and these days, the spotlight is on mo'ne davis. there's a movie deal in the works a watch and that's not all. kenneth moten sat down with monet and has more. >> reporter: nine months ago we met mo'ne davis. >> that's all you have to do i

all combined! this is unreal! it's like my best dream! are you up for whatever? good weather, drinking beer, it's awesome! where am i? this is amazing! and all that's standing between you and a chance at - wooooo! - is sharing a fifteen second video audition! tell us why you should go using #upforwhatever and #audition. >>> >>> tristen walker, after stops at four square, venture capital giant, the new york city native has founded his own start-up, walker & company brands. latest invention is a single blade razor, $9 million in funding, disrupting the personal grooming and beauty products market. thanks for being here today. >> reporter: thanks for having me. >> silicon valley, spent time in the technology world yet your first product is a razor, which seems very low tech. what's special about this razor? >> bevel for coarse and curly hair like me, prone to shaving irritation, razor bumps, et cetera. we sell them online but that's where the technology starts. i like to describe our business as kind of this analogy, it's very beautiful above water but legs are flap

approximately 500 employees work directly for the combined pier 39. four 1/2 million to the court and and a million half. 345 employees work for pier 39 operation department. 352 employees belong to our union. we are proud of the long tenure of our workforce. for 30% of the current employees having worked for the company for 10 or more years. in 2012, again in 2014, san francisco travel association identified pier 39 as the most visited attraction in san francisco based on the semi annual visitor reduction. both pier 39 establishing pier 39 fourth consecutive annual sales. the occupancy rate in 2014 was 97% and expected to be 94% in 2015. pier 39 conducted visitor research every two 2 years and the most recent research conducted in 2014. you can see the most recent findings here. interestingly the port of visitors have been great. the percentage of the visitors using the internet has increasedover the last 5 years. the mode of arrival has varied over time with automobile use ranging from 33% and 50% of visitors. 96% of customers were satisfied or very

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do they combine the toilet with the shower? >> my apartment in hong kong i had to stand with one leg either side of the toilet while showering. >> makes it easier to pee in the shower. >> that's asking for a slip and fall combining a shower with a commode. >> what an embarrassing phone call to make too. >> help, i'm stuck in the toilet. >> making a left hand turn should not be that hard unless you're in russia. >> what? >> an suv comes in cuts this guy off, hits him. you'd think, oh dude just hit you, i'm going to stop exchange information. no. this guy takes off. >> we do have a second angle from a dash cam right behind this car. >> nice. >> which will clue us in to what happened. hits him, this camera keeps rolling. we actually see that driver get back on the road. >> wow. >> now here's another video. this one titled "idiots, idiots everywhere." whoa. >> this car right here supposed to on this right-turn light. this driver stops at the intersection. >> whoa, whoa whoa. [ horn ] >> what the hell are they doing? >> now this vid

it will wash off the salt and sand and stuff but that combined, the rain coming in combined with the snow melt is going to create a lot of puddles in the roadway and the possibility for some localized flooding. high pressure by -- is overhead now providing a delightful day. as that swings out, that opens the door in the atmosphere for the heavier clouds and the rain. there's the warm front separating much warmer air. i don't think we'll get into the much warmer air tomorrow. we'll push in for that briefly until the next cold front comes through our area and that will bring in more seasonal temperatures. a lot of melting. concern rainfall wise, computer model suggests by the time the precipitation ends, we could have close to an inch of rain in northern suburbs and a little bit more in higher elevations to the west and under this pattern, about an inch of rain combined with what we see with snow melt could cause the flood issues. some beautiful weather tonight. we'll stay well above freezing with cloudy skies and the seven day reveals the good chances of rain developing tomorrow. 70%.

approximately 500 employees work directly for the combined pier 39. four 1/2 million to the court and and a million half. 345 employees work for pier 39 operation department. 352 employees belong to our union. we are proud of the long tenure of our workforce. for 30% of the current employees having worked for the company for 10 or more years. in 2012, again in 2014, san francisco travel association identified pier 39 as the most visited attraction in san francisco based on the semi annual visitor reduction. both pier 39 establishing pier 39 fourth consecutive annual

how did they build y combinator into what it is today?ing me today on this edition of "studio 1.0," y combinator founders and husband-and-wife paul graham and jessica livingston. thank you so much for joining us. jessica: thank you. emily: so paul, it has been six

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or combine of those two the average over a 3 year peddler almost a billion dollars in revenue all the revenue growth this is showing you the top line which is in the light gray showing you our revenue projects projection that is assumed in the financial plan and the dark gray is showing you in a recession what we think will happen with the revenue so as you can see the revenue increases we're assuming a recession happening you know in 2017 and this almost immediately we lose all the growth tb the first two years and have negative growth we lose by the third year out we still are no where close to recovery where we otherwise would have been if this were to happen the bottom trying to show you the impacts in terms of the deficit from the last year to $420 million to over $820 million in one year i think the other thing that's important to reminding remember a couple of things happen; right? if a recession were to happen what we experience in the last several recreations our most volatile revenues dry up to transportation dries up ♪ the lasso 809 transportation our taxes came in half of

. >> well this is a massive combination. and it's in the packaged food segment.this is sort of an aging segment. a lot of people aren't buying these foods anymore. what's your outlook for their products? >> it's interesting. both companies have laggard brands. brands that we might have grown up with. but frankly brands that the millennials don't like. the interesting part of it to me, is that 3g, that already did the deal with heinz and burger king, well, they also did a similar deal with anheuser-busch. they know it was the craft beers that turned the company around and made them relevant again. it's interesting to see whether 3g will push the companies to have artisan and more fun products that you and i will buy. >> i see these companies and the brand names are so famous. will they combine them in an interesting way? ketchup hotdogs? what might we see? >> certainly today on twitter and instagram we've seen lots of different combinations. yes, i think we'll see combinations but let's not forget about burger king. 3g also is burger king. so now there's a great c

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what combination of things would deter them and how would nuclear weapons play in that combination? i think that is a different way of approaching our nuclear deterrent in the 21st century. it plays great difficulty with the intelligence community because if you go to the intelligence community and say i need to know who makes decisions in this place over here and how they make them and what they value the most, that is a tough problem. entegris a long time to figure that out with the soviet union -- it took us a long time to figure that out with the soviet union. be careful about talking with any certainty on any of these subjects. i believe that we have got to understand the world we are in now. this is a very different international security environment that we have faced in the last century. in fact, the compelling security problems of the last century -- imperialism, fascism communism -- have largely been relegated to the history books. some of it echoes a little bit but largely that is relegated to the history books. we have a different world today. to assume that we would be

>> i think you saw the governor go through a combination of most of those emotions. he wants to get out of this as quickly as possible largely because i don't think the governor anticipated the backlash from the corporate community. this is the first team that the corporate community has sent a very clear and unconfusing signal, that this is where they want to go and this is their concern about this type of law. so i think that took them aback and i think what you've heard is almost deafening silence from a lot of potential presidential candidates. >> yep. >> as well as other republican leaders on this issue because, a, they don't want to embarrass the governor but, b, they don't want to have to answer this question and, quite honestly i don't know if we shouldn't answer this question because there are good examples on either side that we have to wrestle with quite honestly, ari. >> the reason they don't want to answer the question and the reason pence didn't want to answer the question is yes, the intent it to discriminate against gays and lesbians and transgender p

how did they build y combinator into what it is today?e today on this edition of "studio 1.0," y combinator founders and husband-and-wife paul graham and jessica livingston. thank you so much for joining us. jessica: thank you. emily: so paul, it has been six

. >> i think it made more sense to them to combine the two. when we were talking with residents, many who this not read the d.o.j. report said without it being released. they felt like there was something in the air that had - made them believe one say something would happen, michael brown would be shot. >> i didn't necessarily feel that. we are always concerned that there'll be a confrontation with an a traumatic result. that happens. the initial misconception that mr brown was down on his knees with hands in the air when executed by the police officer, that was the story that went out. there's nothing from credible witnesses or the physical evidence that supports that. >> during the protests so many chanted hands up recollects don't shoot. if it didn't come from michael brown, where did it come from. >> i think it was kind of combined. i think this case illustrated the power of social media. >> during the height of it, they were taking ages bringing changing things about your father's death. how did you respond and make sense of it? >> i mad

it combines three technologies. when we launch it in the u.s. and south korea, it will support a technology we have been using already in our phones for a long time. and we know well -- and we know it well. with three technologies combined in one samsung pay, we could have over 90% and merchants could be offered a wider range of opportunities. >> 90% retail -- much more than apple. this will be kicked off in the united states and korea. all of these devices and a virtual reality and set that comes on the market. >> what happens next with apple? they are one of the larger devices. it looks appealing. >> you are right. they are china fight apple with the beauty. people are saying this is the most beautiful phone samsung has created. samsung isn't scared to take the battle straight to apple store. this isn't bendable. remember the iphone 6 was criticized because it could bend within your pocket. compare the videos. you actually got direct comparison. the quality they were highlight was much better. whooping and shrieking in the crowd. try to show w

. >>> amid the worsening crisis in yemen, the arab leaders agreed to combined military force. the goal is to counter islamic extremism in the region. many think it's designed to send a message to washington. nbc's chief on for correspondent richard has our report. >> reporter: the arab world, which for decades has relied on the u.s. military for its defense is going its own way. the breaking point was yemen where saudi arabia launched more air strikes against rebels who are pushing close to the saudi border. on "meet the press," it was discussed how far the saudi kingdom was willing to go. >> reporter: we would you send ground troops in? >> we haven't made the decision to send ground troops so far. we have a plan in motion. we're executing this plan. >> reporter: that plan also appears to be a proxy war with iran. the rebels in yemen are backed by iran and today at a summit, in egypt leaders announced the creation of a combined arab army of 40,000 troops and decided in principle to combine aaron ran military force says ss egypt's president sissy. why now? arab nations no longe

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in addition, we want to train as a joint combined force with the allies interacting.hat, we are fortunatete enough to get the nations of spain, portugal, and italy providing us a lot of opportunities to do that. i would like to stress, the challenge in the south of nato. thi it will show that nato is ready not only to address the eastern part but to also be present in the south. vago: isis, which we talked about, is a very hybrid campaign. using brutality, hostagetaking mass murder, now destruction of antiquities. despite the global coalition arrayed against isis, it is being successful in recruiting. recent studies have said they have more than 40,000 twitter accounts shaping opinion in e region and around the world. as you look at a threat lilike this what are some of the lessons you are drawi from that? in order to counter these movements over the long term? >> we are coming bk on the question of hybrids, which is a different manifestation. at the end of the day, we come to the s same conclion, nobody can address that alone. we see the effort of getting the arabic