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. 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 acquisition offer. >> how was the interview process evolved? >> 40 minutes. >> 40-minute interviews and now with 10-minute interviews we don't have a pitch. >> how can you really know? >> you can't know for sure. after each minute, how likely are you to change your mind. another 10 minutes, you might change your mind. >> what is the average valuation of all of the companies? >> the valuation is is $30 billion. all the money is in the few big hits and you have to ask what percentage you end up and we assume it will be end up being 3%. 3% of 30. i have never done this. >> $900 million. until you asked me that, i never multiplied t

. >> there is a company called dropbox. >> yes, i have. >> your name. name box is in the name dropbox. you overlap to a certain extent in terms of business. how much of an inconvenience has dropbox been for you? over the last however many years? >> inconvenience is a unique word. i think they are an innovative company. drew is an incredible leader. we are a fierce competitor from the business standpoint. 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 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 different types of problems. at box, we don't have any distractions. we are 100% focused on the enterprise. i am between peter thiel and mark andreessen in my tweet volume. ♪ >> silicon valley is sometimes criticized for being too aud

it has funded 700 companies including dropbox, airbnb, and striped. 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.

it has funded more than 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 today on the addition of "studio 1.0," husband-and-wife paul graham and jessica livingston. thank you for joining us. paul, it has been six months since you stepped down from the helm.

officials are unveiling a project called project medicine dropbox this morning that will be plapsced outside of police departments this morning where people can drop off unused medications no questions asked. >>> and a cruise cut short not once but twice. how this woman has had the norovirus ruin her trip two years in a row. >>> and we had bad weather yesterday. we'll look at other places beaten down by mother nature. >>> a cold start this morning with skies clearing in the pocano mountains. get ready for a cold morning heading out to the slopes. it will feel like 12-below zero right now in the mountains. currently 19 degrees here at nbc 10 at 5:36. skippy!! yippee!! fun fun fun! shiny! you never listen! what? is someone talking? skippy!! yippee!! look a ride! (vo) made with the funnest peanuts ever! skippy. yippee!! ♪ ♪ ♪ ♪ yoplait. with a smooth and creamy taste your whole family loves. don't miss yoplait's exciting new flavors -- creamy caramel and cookies 'n cream. [ female announcer ] business travel isn't just about the going. it's also about the going home. and being connected

officials will unveil project medicine dropbox this morning. a box will be placed outside the police department and residents can dropoff unused unwanted medications. >>> plans to build a train station and education center in chester county have been on mold for four years now, but now local lawmakers are stepping in to get this moving again. the plans have been on the drawing board since 2008. penndot has earmarked $20 million for the project but some lawmakers are seeking grants to pay for the construction. they say the project will help to generate much-needed tax revenue. >>> a detailed report on autism in philadelphia was released after two years of research. the goal of the philadelphia autism project is to clarify the services available for people in the city with the communication disorder. councilman dennis o'brien says some of the recommendations made in the report are being put to use and he says philadelphia's one of the best places to live for people with autism. >>> we undertook this effort because of the wonderful recognition, we

: san francisco is flourishing, too adding more than 18,000 new jobs with companies like uber and dropboxding the charge. but it's not just tech companies reaping the benefits. >> we have a thriving tech sector, but it's driving economic growth across the board. so we're actually seeing tremendous growth in areas like health care and medical devices, community infrastructure construction jobs. >> reporter: the down side? you've probably already noticed it during your commute. the new report shows traffic congestion reached record levels. and rents are way up. in silicon valley the average rental rate is more than $2,300 a month. the index also reveals a surprising change. >> since 2008 our birth rate has declined a little over 13%. it's significant. >> reporter: so while business is booming, we are definitely not seeing a baby boom in the bay area. tomorrow, though will be a state of the valley conference at the santa clara convention center to talk about the challenges and the opportunities in this booming economy. reporting live in san jose marianne favro, "nbc bay area news." >> okay,

it can be sent to dropbox or google drive and then it disappears.alk to me about this business. it is fascinating. >> it is an incredible business. you really hit it in the intro. the spoken word disappears after we say it, but whatever we communicate digitally remains archived in the permanent digital record and a cloud keeps copies of it everywhere and recipient has a copy and we think it is crazy and dangerous, particularly for sensitive to medication. >> it really wasn't made for insider trading. or it was. what kind of information lend themselves to this? >> anytime you send an e-mail that says "confidential, don't forward" or "hey, can i call you?" that is an opportunity to confide. if you drill down on that, you think about job references, deal point, conjecture or subjectivity on a sensitive matter or maybe some good-natured office gossip. >> there are certain industries where information is so dangerous that people have secrets. >> that's right, but people have sensitive information in every industry. and we just announced confide for busin

investigators reveal project medicine dropbox placed outside the police department. and residents can drop off unwanted medications at any time. >>> well, instead of predicting the forecast one groundhog in wisconsin had a different message for the town's mayor. watch this. >> he says -- that uh -- >> the now famous jimmy of sun prairie bit the mayor's ear during the groundhog day celebration. the mayor flinched but just kept going predicting the early spring. jimny's handlers say the mayor misinterpreted the groundhog and they were due for six more weeks of winter. he just had his ear bit. >> and why are they declaring that in wisconsin. this is what happens here in pennsylvania. >>> and why are you listening to a groundhog? >> an angry groundhog. >> well, we may have a lot of angry drivers because a lot in the lehigh valley are sitting in delays as a result of a road closure on the 22 eastbound side. this is a line of traffic. it does have drivers stuck there to get off the highway. take tihghman street. 78 is okay right now. this is over the scene here of a water

>> guest: i use dropbox. when i'm writing, i put it in the cloud. amazon ibm or microsoft has a great cloud service now, but i've always used dropbox. i can be on the train going to new york on my ipad. i get to my office in which we use dell computers that are networked in the office. on my iphone i can pull it up. on any device i want to. so i am not as wedded to hardware and one of the great we have now is having class services. for if we took a break here and i want to pull up something i'm writing, i can just pull it up out of either dropbox or whatever cloud service i use. >> host: do you worry about security in that way? the security of the material. >> guest: no. i worry about security. we've got it at the asp institute and part of me said we want people to read our reports. if they are spending their time translating all of our reports come it will be good for them then it will be good for us. i think the things you have to worry about our privacy and security. but somebody reading the first draft of one of our books doesn't keep me up at n

. >>> fairfax county is hoping to come u se regulations for the growing number of donation dropboxes all over the county. now, the bins are now commonly found in parking lots. some complained they're eyesores because donors set large items beside them when they won't fit inside. so the county is now looking to regulate where the boxes can be placed and limit the number of boxes on a single property. public hearings are planned for the coming months. >>> social issues are part of the oscar buzz after last night's awards a one in particular got a significant shoutout. suicide prevention. the winner of the best documentary short was hbo's "crisis hotline veterans press 1." it highlighted the mission of that hotline to keep veterans from committ >> this immense, incredible honor really goes to the veterans and their families who are brave enough to ask for help. >> later, writer graham moore, who won for adapting the screenplay for the "imitation game" talked act his own personal struggles as a young man who felt that he was >> when i was 16 years old, i tried to kill myself because i fe