it was convenient that no one wanted to buy dropbox early on. >> can you identify the future dropboxesooner than everybody else? >> we might be able to identify them better than other people, but there are limits to how well you can identify them. there is a good deal of luck. if you had to boil it down into one word what you are looking for, it's authentic. people who are real friends, not people who got together for purposes of a start-up or in it for the money. zuckerberg turned down the yahoo! acquisition offer. >> how was the interview process evolved? >> 40 minutes. >> 40-minute interviews and now with the 10-minute interviews we don't have a pitch. >> how can you really know? >> you can't know for sure. here is an interesting test. after each minute, how likely are you to change your mind. if you had another 10 minutes, you might change your mind. >> what is the average valuation of all of the companies? >> the valuation is is $30 billion. >> what is your stake in the $30 billion? >> all the money is in the few big hits and you have to ask what percentage you end up and we assum

dropbox suceeded by solving an almost impossibly hard problem. airbnb is different.t is this mass movement where people are staying in people's house worldwide. >> we were skeptical and i remember thinking we don't remember what the idea is. these founders are awesome. we're funding them. >> patrick from stripe, i have known him since he was 14. back when he was a high school kid in ireland. he used to email questions about programming language, and i had no idea he was a kid. >> now these companies are worth billions of dollars, if you look at that, if they had the opportunity, would they have sold? >> if someone came along with a big enough offer at the right moment, they would have taken it. we know with drew, in the y combinator application, we used to ask if someone offered you money, what is the least you would take. i think drew answered a million dollars. it was convenient that no one wanted to buy dropbox early on. >> now that you've been doing this so many years, can you identify the future dropboxes and airbnb's earlier, sooner than everybody else? >> we m

how much of an inconvenience has dropbox been for you? over the last however many years?you know, inconvenience is a unique word. i think they are an innovative company. drew is obviously an incredible leader. we obviously are a fierce competitor from the business standpoint. in the business part of the market. but i think that the world is better with them. >> why do you think you can offer business customers something better than they can? >> i think that, when you go after the enterprise, it is really, really hard to balance a strategy where you are world-class on the consumer side and also be world-class for a hospital or a life sciences company or a financial services institution. those are just very, very different types of problems. at box, we don't have any distractions. we are 100% focused on the enterprise. i am sort of between peter thiel and mark andreessen in my tweet volume. ♪ >> silicon valley is sometimes criticized for being too audacious, too arrogant, and thinking that we can change the world. is that fair? >> it used to be that there was a cycle of dis

doubled its evaluation since june and is worth four times as much as other startups like airbnb and dropbox. stars isannel considering partnerships after failing to find a buyer. a person familiar with the matter says cbs, lions gate mike fox and amc. interested in keeping control in a deal that would give him tax benefits. is the turnaround strategy star and have an impact? yahoo! is on track to pass twitter as the number three company in mobile apps. extend to 3.7% of the market next year. edging out twitter but still way behind google and facebook. ceo mark's zuckerberg wants to bring internet to the poors from four -- from crowded towns in africa. we have an update on the partnership zuckerberg launched. i spoke with zuckerberg about his effort to connect the world beyond facebook. out that the biggest hurdle is in technical or affordability, it is the social challenge where the majority of people not connected are within range of a network and can afford it but don't know why they would want to use the internet. it makes sense if you think about it, if you never had a computer and neve

it has funded 700 companies including dropbox, airbnb, and stripe.d the start of machine is a couple with their own start up story. how did they build y combinator into what it is today? joining me on the addition of "studio 1.0," husband-and-wife paul graham and jessica livingston. thank you for joining us. paul, it has been mo

we are going to have allocation of dropbox. it is also some of the bank's capital as well.re telling me that the theire is getting into business. what did the vp firms think about this? >> in the case of the mezzanine -- inmthe bc the case of a mezzanine round, the last round before the ipo, investment bank having some skin firms love that. the bank who may participate in that ipo is going to be trying to guide them towards the best possible outcome for that ipo. >> are these guys getting together? sachs, banker, there is from new york city hanging out with jews who would never ever wear a tie in san francisco hanging out with dudes who would never ever wear a tie in tech i san francisco? >> so much hate for ties on the west coast. i just started wearing a tie. it's breaking my heart. are they socializing a lot more? sanow you hang out at francisco giant games. >> i try to make sure the economy in san francisco is alive and flush. the bankers have always been a big part of the technology seen here in silicon valley. increasingly in san francisco as technology moves to be mo

doubled their valuation since june and is worth four times as much as other startups like airbnb and dropbox. the company is going to use the cash to expand operations in asia pacific. paid tv channel stars is considering partnerships after failing to find a buyer. a person familiar with the matter said cbs, lions gate, fox and amc looked at starz but passed because they thought the price was too high. billionaire john malone currently controls the company. -- ismarissa mayer's mercer myer's strategy having an impact? yahoo! will command 3.7% of the market next year, edging out twitter but still way behind google and facebook. to our lead, facebook ceo mark zuckerberg wants to bring internet to the masses from poor, crowded towns in africa to the remotest parts of the globe. today we have an update on internet.org, the partnership zuckerberg launched between facebook, samsung, ericsson and others. i spoke to him about his efforts to connect the world beyond facebook. here is some of that exclusive interview. that the biggest hurdle actually isn't either technical or affordability, it is the

eighttores is confide for business rather than confide for consumers you up load, pdf, power point, from dropbox google drive. adam: dallon load or service you purchase. >> confide will be free. always free. on ios and android, download today. confide for business comes in january and charge for business features. adam: if i want confide to do this with my brother, if i want to do this with my brother, if i have it and he doesn't he won't be able to raid what i write? >> correct. you enter anyone's email address or phone number. if they're on confide they get message. if they're not, we will send email or ems you have received a confidential message from adam shapiro. click here and download to read it. >> no way to steal the key to unlock the encryption. >> absolutely impossible. adam: i expect business skyrocketed for you. all the best. because of sony, did you hear about this? deciding it will expand its release of "the interview." the movie is now available as of right now on google play, youtube movies, microsoft xbox video as well as sony's own website. it just hit the google movie play. o

the dropbox functions or google drive.ok does is driven off of the servers that they use to manage a public cloud. that is a fast-growing business that dell does not have. that is one of the challenges i went into with michael dell. >> do you remember when dell was one of the first names we said when we talked about computers and technology? in the world of apple and social media? dell is not in that conversation of influencers right now. >> this is why it is worth tuning in for more. he believes security concerns will keep big companies, and small companies, i'm using a public cloud. amazon web services, which has been a huge home run for jeff home runy not be a much longer because of security concerns about loading their information onto public servers. they will build their private cloud. >> that sounds like a sales pitch. what else is he going to do? of course, it is his sales pitch. he may be right. he was right about the buyout. that dell was undervalued. that people were doubling down on the personal computer busine

look at the other companies out there in the technology space, whether it's dropbox, fox, prices of the companies are up because the stock market is stronger. >> how many times can you bring something back from the dead? had to do it once, and paul did it. is it possible? how many times can you do it? three strikes you're out? >> at ibm, it's possible. they have the largest patent portfolio in technology. >> don't you hate, andrew, when people talk about patents worth a lot? >> they had to stay with blackberry. they had patents. david, we appreciate it. happy new year. >> happy new year thanks. >> what about you? buy ibm? >> not individual stocks. >> who says you can't? qma? who is that? >> financial, financial, yeah. >> anyway this year's big gains -- loosen up. you know you're on "squawk box," give us information here. maybe not. history any guide? running through the numbers, and a wave of states hit by minimum wage hikes this week. we'll debate the economic impacts of that. later, what happens when you mix an old typewriter with a cup of waffle mix? huh? the answer to this riddle in

a consumer or someone wants a password protector -- they to encrypt their data, whether it is on dropbox or on the cloud -- there is real world consequences. something about being surveilled -- my colleagues worked on a story coming to the ap on their phone records. we can talk about her own experiences with government surveillance and the government getting access to information. this is a very real threat to i can personally say, even if my phone records were not subpoenaed, i still have problem with some of the sources. we will get a beer another day. we can talk about, and maybe start with you, harley, unlike people on encryption and what their actions are. >> i think the people don't know -- they don't know how the be used ion will against them, both now and in the future. and it makes people whose actions could be construed in a negative or even a possibly light very civil cautious about taking certain is ions -- whether that talking to reporters or even looking things up on the internet in order to educate themselves. there was also a study of how internet search terms have change