mark andreessen is on stage with my partner, emily chang. said to you, what the next big thing. you said, something new. what is something new? >> [laughter] we are trying our best to find it. peter talks about this. people who have not read peter passbook -- his book is called and i highly" recommend it. people in our industry, it is so tempting to try to find a pattern. who is the next oracle? who is the next google? the point peter makes that i agree with is that there never is one. there was only one microsoft. there will never be another microsoft. there will never be another google. whatsapp --the peter talked about this a lot. everybody in the valley thinks you want to be first to market rate peter makes a point that you want to be the company that closes the door and other people can't walk through. when there is a huge win like istsapp, which -- whatsapp not just a huge win financially. it has north of 500 million users. the odds of anybody flying right up against them are really slim. it is almost certainly -- there almost certainl

emily chang is sitting with mark andreessen.will return to that discussion. >> the line the wine people used to use is, cash is more important than your mother. i don't know if it's true, but it made the point. it's a question of how much money do you raise, can you keep raising money all the time. at what point should businesses go? the amazon lesson is your company is worth $200 billion and you are a genius. if you ever generate a penny a profit, you have made a mistake. people look at that and they are like, i can get away with it too. they are just wrong. they fundamentally don't understand how amazon is able to pull that off. they are just not going to be able to do the same thing. i think people need to know, it's not that easy. >> it's not going to end into and gloom, but it could? >> who can tell? i don't think anybody knows the future at that level. the optimism that i have comes back to what i said, when these companies work they work really well. salesforce is a primary example of this. they start small and it looks l

i'm emily chang. every weekend we'll bring you the "best of west," the top interviews with the power players in global technology and media companies that are reshaping our world. to our lead. about a month after announcing new iphones, apple had a new announcement, including new ipads. besides that, apple announced apple pay will start on monday and showed off ios 8 and mac operating system . os 10 yosemite. for more on apple's big day, i was joined by joe brown, paul kedrosky, and president of the global design for lunar. take a listen. >> it has become a real -- it is easy to unlock and get things when you are authenticating. security is very important right now, especially to apple. it is a really big deal. faster wi-fi is very good. especially people using laptop replacements. they are thinner. you can stack two of these on top of each other. and it is still thinner than the original ipad. >> how are you feeling? are you still feeling mac? >> i am still a mac. it is what we thought we would see.

i'm emily chang. first, a check on your bloomberg top headlines. the dow, nasdaq, and s&p are all down. the dow has erased its gain for the year and global equities at a loss of 3.5 trillion dollars since hitting a record last month. jpmorgan ceo jpmorgan will likely double what it annually spends insecurity within the -- in security within the next five years. they were hit by massive cyber attack that exposed information on 76 million u.s. households. >> we have to be vigilant. there will be a lot of battles. unfortunately, some will be lost. the defense ministry has been going through this. there are a lot of additional protections in addition to people stealing account numbers, but this could be a big deal. >> dimon spoke of institute of international finance of and in washington. -- event in washington. silver lake has shown it attempts to buy shutterfly and snapfish. they decided against buying after performing due diligence. the news comes days after hp announced splitting into two different co

i'm emily chang. every weekend we'll bring you the "best of west," the top interviews with the power players in global technology and media companies that are reshaping our world. to our lead story. full onths after saying a separation of by a and paypal is a bad idea, they have changed their tune. by a had faced pressure from carl icahn and others who urged them to -- their marketplaces and payment business. with this move, don hoe will eave once it is completes. american express dan shulman is c.e.o. designate of the new palpal company. is it a good idea? i have been asking various members of the paypal mafia that question. here are some of their opinions. >> there are still a lot of synergies between ebay and paypal. no matter what happens, whether they spin t out or keep it in, there has to be a firm agreement . i think that is a priority. will paypal grow faster if it were not within ebay? maybe, maybe not. would it be valued differently the market or have a better mull.? i don't really care. if

i'm emily chang. every weekend we'll bring you the "best of west," the top interviews with the power players in global technology and media companies that are reshaping our world. to our lead story. just months after saying a full separation of paypal and ebay is a bad idea, they have changed their tune. ebay and paypal are separating with paypal to become an independent company next year. ebay had faced pressure from carl icahn and others who urged them to split their marketplaces and payment business. with this move, donahoe will leave once it is complete. american express executive dan shulman is c.e.o. designate of the new palpal company. is it a good idea? i have been asking various members of the paypal mafia that question. these are the paypal founders who sold the company to ebay in 2002. here are some of their opinions. >> there are still a lot of synergies between ebay and paypal. no matter what happens, whether they spin it out or keep it in, there has to be a firm commercial agreement. i t

i'm emily chang. ahead on bloomberg this hour, is the company in trouble? the largest profit dropped in five years for samsung. how does samsung get the magic back? at&t is to companies, but the split -- hp is in two companies, will be expensive. can the company overcome the massive charge to turn itself around? we will look into hp financial. and the next decade could be the decade of the robot. in 10 years, one third of the global workforce is predicted to be replaced by robots. super machines can do both physical and intellectual jobs. our leadough, to story. samsung is still the world's largest smart phone maker, but is starting to show up in samsung's earnings. the company forecasted a sales , its biggest since 2009 when a report orderly earnings next month. this is after about -- after apple rolled out its iphone. samsung is also getting pressure from other competition. these companies make cheaper phones. joining me now, editor at large cory johnson, and in washington, senior director of trade at the economic institute. are samsung's-- glory days beh

i am emily chang.ard and visa customers with an iphone 6 or6 plus will be able to ditch their credit card this monday with the launch of apple pay. the payment with retailers like radioshack and panera bread. could the mobile payment platform kill the credit card? the senior vice president of emerging payments at mastercard joins us from new york. could it kill the credit card? >> great to be here. we have a great business in the credit card business, and we expect people to be using credit weds for a long time, but feel the innovation of taking the trusted payment capability from a plastic card into a greatd device is a innovation, and feedback so far has been extremely positive. we see a period where they will coexist, and it is to the benefit of everybody. >> in my conversation with mark andreessen, he said he doesn't think apple pay is as innovative as everyone seems to think. take a listen -- >> apple pay, the payments in dustry is revolutionary, but also it is the most consistent. what is surpris

i'm emily chang. here is a check of your bloomberg top headlines. the company was dealt a blow after the new iphones did not use the sapphire screen, although two versions of the apple watch will have them. ebay has started a new live auction site. business aimed at improving revenue. the company, which makes software that allows people to sign documents digitally will use the money to expand internationally. first to our lead, hp is taking a page out of ebay's book and will split into two separate companies. the move will allow it to better adapt to changing economies and shareholder value. as part of the move they are also having another 5000 jobs, bringing the total job cuts to 55,000. cory, are they better together or separate? >> divorce makes you sad. this is one of those things where you can see the writing on the wall. you could make the argument that meg whitman got the job here at hewlett-packard, right here in palo alto, because of the decision to sell the pc business. a decision she rescin

i'm emily chang.irst a check of your headlines. the world health organization says nigeria is a model on how to stop the ebola virus. no reported cases for six weeks. they say an aggressive government response and effective contact tracing helped stop ebola. new concerns about china's economy. a conference board report says china's economic growth will slow dramatically in less than a decade. here's jim on china. >> when i wake up in the morning we keep an eye on china because i think it is the engine for global growth, whether or not you believe in the numbers or not. i think it is the largest credit bubble going "on the markets" the globe right now and one of the large knells history. >> the chinese government has signaled it will tolerate slower economic growth this year by refusing broad stimulus action. facebook may be looking to increase its influence in chin. zucker berk just joined the board. they plan to expand their presence in china despite being blocked there since 2009. and microsoft is l

i am emily chang.le pay is here. apple rolled out its long awaited platform on monday allowing people to use their new iphones and ipads to pay for items at retailers including mcdonald's, walgreens, and whole foods. not everything has gone smoothly. a glitch at bank of america has caused some users to be charged twice. for more on apple pay, cory and i spoke with jonathan wall, the cofounder of google wallet and co-ceo of retail startup index, as well as amanda richardson, vice president of product at hotel tonight. i started by asking jonathan how successful apple pay can really be. >> i think it has a lot of potential. they control distribution of the handsets. they have the program if all their phones. they did a great job with partnerships on the banking side. i think on the whole is value-added services. so it's very clear they can do tap and pay for terminals that are already enabled. but the question is -- where is the value add? where is the improved customer experience? i think that's the big

i am emily chang. first the check of your bloomberg u.s. stocks rallied top stories. u.s. stocks rallied today with all three of the major indexes finishing higher. the rise following a slew of better-than-expected earnings reports and data that shows consumer confidence hit a seven-month high in october. a federal trade commission lawsuit accuses at&t of deceiving 5.5 million customers. agency claims customers paid for unlimited data plans but had their transmissions reduced in a process known as data throttling. they began throttling customers in 2011 for those who went over their limits and failed to adequately notify them. ibm has added $5 billion to its plan. investors are giving an incentive for being patient. the company is repurchasing $19 billion worth of stock and still has $6.4 billion available in the stock repurchase program. now to the lead. facebook's push to expand mobile advertising led to a big quarter for the social network. facebook reporting third-quarter revenue of $3.2 billion. 5

i am emily chang. th ebay getting into investor pressure and spinning off paypal, will yahoo! be the next tech company to break up? an activist fund is pressuring marissa mayer and urging her to merge with aol. for more i am joined by the senior research analyst gene munster. what do you make of this pressure? our yahoo! and aol better off together? >> i do not think they are better off together. i would get the analogy they are to fading giants. i do not know that putting them together makes sense. i would say score another win for shareholder activists. look at what apple has with their dividends or ebay and paypal. they seem to be getting better momentum and making things happen. if you had asked me last week the probability it happens, i would say lower than it is today. that said, i do not think it is the right thing for yahoo!. >> what about softbank buying yahoo!? >> that makes a lot of sense. i think there are important tax implications if they go that route. the last tranche was almost a 40% ta

i'm emily chang. ahead on bloomberg west this hour, hewlett-packard is the latest tech giant to decide to break apart. hp will split into two separate companies, one focused on pcs and printers, the other on enterprise software and hardware. we look into how the breakup could affect the future of the silicon valley pioneer. it has been a big year for oculus, since facebook. the virtual-reality company for $2 billion. oculus just announced a new partnership with samsung, and revealed a new prototype of a virtual-reality headset. talkan iribe stopped by to about it all, and his major donation to a virtual-reality lab. it has been full speed ahead for self driving cars. tesla is expected to unveil an auto drive feature later this week. mercedes to honda have also been testing out the technology. we look and how long will be before self driving cars actually hit the car market. first, to our lead. ofis taking a page out ebay's book, and splitting into two separate companies. pioneer, whoalley has been hea

i'm emily chang. first a tchoveg headlines. canadian police say the gunman who killed a soldiers outside parliament recently apply forward passport to travel to syria. here's richard parker talking about extremism. >> let there be no misunderstanding, we will not be intimidated. canada will never be intimidated. >> harper and the rest of parliament observed a miami of silence today. drug maker pfizer has just authorized a new $11 billion share buyback program in addition to the $1 billion remaining on the company's buyback plan. their sales have been declining since 2011. they blame generic drugs for stealing sales from block busters like lipitor and viing a rasm streaming radio service pandora said sales rose and revenue from mobile grew 52%. listener hours were up and the company's active listener base grew more than 5%. still, their forecast for the coming quarter is coming in less than estimated. that has shares trading down. app ook launched a new ios called rooms. it comes from facebook's creative labs and is the company'

i am emily chang with market makers anchor stephanie ruhle.ing to them biggest influencers in technology and media. lee -- lead designer at apple will be here. >> hopefully you will not have the iphone in his back pocket. >> apple has sent out its official invitation for an event on october 16 in cupertino. we are expecting a new lineup of ipads. cory johnson, back with us now. you and i have been talking about ipads and the future of sales have been slowing down when it comes to the ipad in particular, yet they are also planning to launch, as far as we know, a 13-inch, giant ipad. >> which stephanie ruhle should not put in her back pocket. do not put that in your back pocket. it could get stuck in your hair. >> that would be a big pair of jeans. >> i am not going there. it is a big development for a company that has seen shrinking sales for a couple of quarters, a company that saw massive adoption that we have never seen before -- faster than the first cell phone, the internet, the pc. tim joins me. when we look at the device, they will say i

i'm emily chang. twitter is replacing vice president kevin wheel. severalhas gone through executive shuffles this year are replacing its cfo and ousting it coo. ofsked him about the future his management team earlier this week. >> management teams grow and evolve and change over time, and i think that's always the case. i love the team we have in place. we've developed all sorts of tremendous leaders across the company. >> twitter lost its head of engineering and analytics manager yesterday. linkedin has reported a loss of more than $4 million in the third quarter. revenue was up 45%, although growth is slowing in its main recruiting business. the company reported 332 million members in the quarter, up from 313 million last year. member page views rose to 28 billion. actor seth rogan is in talks to play steve austria in the upcoming film about steve jobs, that is, according to people wozniak inplay steve the upcoming film about steve jobs, that is, according to people knowledgeable about the matter. now to our lead. xiaomi's incredible rise shows no

i'm emily chang. but capitalist and netscape cofounder marc andreesen stepping down from ebay's board of directors after a very public battle with activist investor carl icahn. the two have sparred about ebay's plans for paypal, and icahn has accused marc andreessen of conflicts of interests. this week, the giant announced that they would follow his advice and spin out you may make here. following the back-and-forth -- spin out ebay next year. cory johnson is with me now. i spoke with andreessen and we talked about the future of ebay without paypal and vice versa. i want you to listen to what he said. i asked him specifically is innovation dead, is this a sign that innovation at ebay has -- died. >> it's a sign of change. the industry is changing. it's a sign that the technology is changing. it's a sign that there is the opportunity to do more and better if you're smaller and more nimble. >> they probably wouldn't like the indication that they're following icahn's advice but they made this decision, a

i'm emily chang. bloomberg topr headlines. passengers arriving in the u.s. from west african countries hardest hit by ebola will be required to enter through five airports. larry summers spoke about the economic impact. >> i do not see a likelihood at this is going to be an important event for the u.s. economy. ,or certain countries in africa this has the potential to be defining >>. >>chicago, atlanta, newark, jfk and washington dulles. kleenex and huggies makers cutting up to 1300 jobs. forecast toull-year reflect costs associated with the spinoff of its health care business. in emerging markets has been a strong point. coca-cola shares are falling the most in six years today. it down more than 6% after the company reported sales that fell slightly in the quarter to just under $12 billion. they announced a cost-cutting aboutnd mounting concerns the health dangers of soft drinks in the united states. deutsche telekom's has teamed the company says it is looking at options for t-mobile. a future where t-mobile remains independent. but sprint and iliad dropped

for emily johnson in chang. first, let's check your bloomberg top headlines.uncan, the first ebola patient to die in the united states will be cremated. ,duncan died in a dallas hospital, and the bodies of the deceased remain extremely infectious. shares of the company that makes the ebola drug down sharply. before recovering later in the day. ebola fears are hitting airlines docs particularly hard. said minutes release to today show that policymakers say that the stronger dollar poses risks. to the u.s. economy. those factors are a key reason for the fed to maintain a pledge to keep interest rates low for a considerable time still. markets are up sharply today. three major indexes posting nearly 2% gains today. and a change of leadership at chipmaker amd. the company has named lisa sue as ceo. effective immediately. under their former ceo they were , trying to get more sales in game consoles as well as industrial and medical equipment companies. elevation partners, that counts bono as a partner is not going , to raise new funds. and a letter to shareholders t

i'm emily chang. the enterprise and cloud computing arena has seen a change.llison stepping down after decades as the ceo of oracle. kickingor salesforce is off its annual dream force conference in san francisco and joining me now to discuss the shakeup in the cloud business, executive chief marketing officer, lynn. you guys have a huge lineup for dream force. what will you guys be talking about? is the super bowl of cloud computing. we have over 100 35 thousand registered attendees. we will have millions of people watching online. online, it's not only the biggest but the best and most exciting. our themes are about innovation, fun, giving back. you'll see that all through the week. >> some of the speakers hillary clinton, al gore, mark andreessen. how do you create this lineup? >> everyone is coming to dream force next week. we have government leaders but we also have the world economic forum the founder and inspirational speakers like tony robbins. luminarieshnical like mark andreessen. we are so excited you will be interviewing marc. >> i get an hour with

i'm emily chang.ed reality can make wales fly and make elephants fit into the palm of your hand. the secretive startup has been working with google and qualcomm. it magically raised in a funding $542 million round led by google. other investors include kleiner perkins. the company says it will use the funding to accelerate product development and commercialize its mobile wearable system. what could magic leaf be working on and why do tech giants want to be part of it? i will bring in the codirector of the augmented reality sector. have you seen magic leap's technology? what you think? >> i don't think anyone has seen their technology. i have seen their vision and i hope they can deliver what they are promising because it looks fantastic. >> google has $500 million worth of faith in it. what do you make of the interest in this company? >> augmented reality user interfaces will be huge if someone can finally deliver a system that is usable. if google believes that it is going to succeed, that is a great

i am brad stone in for emily chang. let's get a check of your top headlines with matt miller in new york. >> thank you. canada's parliament and other office buildings in ottawa remain on lockdown after a gunman killed a soldier there. this is video from inside the parliament building where one lawmaker tweeted that dozens of shots were fired. wasorities say one gunman shot by security forces returning fire. nike is making a bigger push into women's apparel, launching a new sportswear collection for women. spoke with our stephanie ruhle in an exclusive interview. >> women sports and health and fitness is not new to nike and happens to be one of the most vibrant and fast-growing parts of our business. >> markie is -- nike is hoping to increase the billions of dollars a gets every year from women's apparel. thestor carl icahn says apple shares he owns should be trading at double the price. here he is talking about tim cook -- >> i think he is one of the best. >> wife to best -- because he listens to you? >> i do not think

i am emily chang. ibm is struggling in the age of quad computing. they just gave up on a five year earnings goal. ibm is actually paying global foundries $1.5 billion to take its index of its hands. davidohnson i spoke with kirkpatrick. asking david how much trouble ibm is really in the. there -- if service is going down, that is the biggest news item despite having to pay somebody $1.5 billion to take the chip business off their hands. this is a giant and old conglomerate and an industry that is changing really rapidly and players are becoming specialized. that is a lot of challenges altogether. >> what did you say? is someone he left holding the bag here? he took the ceo spot. >> i am always quoting warren buffett. when a manager's reputation meets a business with a bad reputation, it is the reputation of the business that survives. >> he has lost a big share. >> ibm is in a crummy business and they are trying to get out of it. --y have been undertaking they were trying to double profits. seen, when

i am emily chang. authorities say two students are dead. ebola fears not down the market. here is mark moebius on ebola. >> they have vaccines and other treatments that can be used so i am not that concerned. >> strum corporate earnings helped fuel the market gain. the fcc has delayed an auction for valuable tv airways until 2016. the case will likely not be wrapped up in time. the airwaves are heavily coveted i companies that are in need of all the airwaves they can get as mobile usage soars. the company bought by google pushes deeper into home automation. nest is shutting down the product. terms of the deal is not disclosed. a second team of disease fighters is flying into new york. a new york doctor, craig spencer tested positive. the team could swell as health care workers track anyone who could have come into contact with spencer or become infected. he was out and about in the city taking the subway. gruber contacted health officials and said drivers and subsequent passengers are not at risk. they told new yorkers the situation is under control. shelby -- shelby halla

♪ >> i am emily chang.o the robin hood conference, where attendees a thousands of dollars in ticket to hear advice from the best and brightest minds in the industry. could affect the future of payments. stephanie ruhle joins us now live. thank you. i'm here with ari summers, the ceo of jpmorgan chase's consumer bank. branches, who is going to branches today? >> good question. all thee question i get time. it is very important to our customers, 90% of our customers use our branches, and visit several times a quarter. the way they use him is very different that deals with no. the transactions they used to have to come to the branch to do, deposit, payment, to ask a question about an account, they are using some of the technology that we have developed. they're coming for different reasons. 50% of deposits are happening outside of branches, how is jpmorgan chase rationalizing that you continue to open new branches? >> we have continued to build over the last three years, and we're proud to do that. --bill beca

i am emily chang.et's take a check of your top headlines -- the labor department says initial claims for unemployment have hit a 14 year low. in the last month. labor secretary tom perez says time to raise the minimum wage. >> this regulation that the president has directed us to do is potentially going to help millions of folks who should be in the middle class get back to the middle class. the president is using every tool in his executive arsenal to help people.get wage hikes >> he says the u.s. economy is room -- is moving in the right direction setting 55 consecutive months of private sector job growth. the canadian prime minister stephen harper and his wife paid a visit to the war memorial in ottawa where a soldier was shot that yesterday by an islamic extremist. they laid flowers at the scene which is still covered in yellow police tape. the prime minister later told parliament that unity is canada's ultimate weapon against extremists. comcast is reported a four percent rise in sales and a 50% g

i am emily chang. the homeownership rate here in the united states fell to the lowest in more than 19 years in the third quarter. the census bureau says that the share of americans who own their home fell to 60 4.4%, the lowest level since it first quarter of 1995. -- while drum a single shift,p may signal a some remain confident in the housing market. >> nobody understands what is causing the hesitation at the moment. a much betters housing market than it was a couple of years ago. into highsn't kicked gear yet, even though you expected it to based on demographics, jobs, and rates. ismadison square garden considering splitting into two of locally traded companies -- two publicly traded companies. it has been considering the plan since a july which would separate its support steams and cable networks in one company and move its real estate and concert entertainment to another. time warner hbo is illuminating more than 150 jobs. the parent company time warner is under pressure to return to investors aft

i'm emily chang. u.s. tech companies, beware. fbi is warning about hackers sponsored by the chinese government. the agents say they have use customize malicious code that security experts could not attacked. the u.s. government accused china of widespread economic espionage, indicting five chinese military officials in may. our security reporter is with me in the studio, with more. the fbi says they have even more capabilities than the hackers of a year ago that we were concerned about. >> that's right. just as the u.s. gets better at hacking other countries, one thing about foreign adversaries, they are getting better all the time. the threats you saw, that's one of the things that makes the security industry such a dynamic space, it is evolving. >> any specific reason this is happening, or is it a continual escalation? >> a lot of it is standard industrial espionage that happens between the u.s. and china. but also, we have ramped up pressure on china in the u.s. we have called them out as intellectual property theft perpetrato

i am emily chang live. we're with stephanie ruhle.ve been talking about the management and we are also -- ing to the next joining us now here on the set, scott sanford, formerly of goldman sachs. for many years. now founder of an investor in both of these companies. i want to find out what your companies do and why it is the next big thing. replace all ofe the hassle and speaking to a salesman for eight hours. you go to your desktop, computer, laptop, or mobile phone, you click and that is it. how about you? >> the easiest way is the online businessesvice for and consumers. say you wanted to send your nephew a set of golf clubs and he was on the other side of the country. open up the ship app, take a picture, tell us where it is going, and will we will take it to our warehouse and send it to carrierst cost shipping for only five dollars. >> as someone who has seen so many tech companies go from infancy to ipo, what do you see in them? >> i see them, the founders. it all starts of the founders areas it starts with a vision come a passi

i am emily chang. first a check of your bloomberg top headlines. stocks have been slipping between gains and losses today, with worries about worldwide economics lingering. ak thehas been wee last several years. we think over the next four quarters, we will be looking above zero, but it is a very weak process. >> in the meantime, nearing a four year low. inl ackman has a new target his sites. he spoke about it with nonsense goals in the netherlands today -- with hans nichols and the netherlands today. >> we have a new investment we are going to announce the next 45-60 days. and the capital will go for the new investment. based company. the islamic state is coming closer to gaining full control of the iraq province. one of the last reigning strongholds, taking over the base. and streaming service aereo is operate likeo cable provider to save its business. first to the lead. a hugehaping up to be week for apple. the company is expected to unveil new ipads and new imacs on thursday. live onin may go saturday. a memo circulated to walgreens them howage

i'm emily chang. top headlines -- stocks plunge back after an early plunge. the dow ending the day just 24 points down. the turnaround came after st. louis fed president james bullard told bloomberg the fed should continue delaying the end of its bond buying program. >> the qe program would be open-ended, and we would be able to adjusted in response to macroeconomic developments. this is a serious macroeconomic development. >> bullard said economic fundamentals remain strong, and he blamed the downturn on europe. the white house says president obama is focused on getting answers to what happened with ebola transmissions in dallas. the president's cancellation of a political trip shows the sense of urgency to see the virus is contained. republicans have criticized the administration for its response. chipmaker amd is cutting 7% of its workforce as sales slide. revenue was down 2% as they struggle to compete with intel. amd recently replaced its ceo. starbucks is introducing its first order ahead mobile app. this feature will be introduced in the portland area

program is a new emily chang. will be sitting down with y, nader -- y combinator. ♪ . . >> welcome back to "bloomberg west." i'm emily chang live from the "vanity fair" new establishment summit. we've been talking about the new establishment and the next new establishment. i wanted to talk to some of the founders who want to be on that list in the future p joining us, -- some of the founders who want to be on that list in the future. i want to start out with what your companies do and why you think it's the next big tech -- next big pick. >> basically, we replace all of the hassle of speaking to a sleazy salesman for eight hours. you go to your desktop computer, your laptop, or your mobile phone, and that's it. the guy shows up at your door. we have an online app and service for businesses and consumers. say you wanted to send your nephew a set of golf clubs that was on the other side of the country. open the app, take a picture, tell us where it's going, and we show up within 20 minutes, take the unpackaged elf c