emily: companies like evernote and dropbox have been getting pummeled lately.here are concerns there is not a strong business model there. i want to hear from you because -- there was a lot of confusion surrounding the company. if we are confused, clarify it for us. how well is dropbox doing? john: when you say they are getting pummeled, you can't see it in the numbers. i think i box is doing just fine. i don't know however notes numbers are doing. -- how evernote 's numbers are doing. emily: look at of learnings are you taking from some of these other enterprise soft where -- what kind of learnings are you taken from these other enterprise software companies? brett: consumer companies going after individuals and enterprise copies that sell directly into i.t. departments, we are trying to represent a product that is consumer friendly. and people love to use it. you see the evolution of companies like dropbox, who sort of started in one place and gradually transitioning into another. we wanted to learn from their lessons. we wanted to sell directly into larger c

for example, evernote raised , money at a big valuation. i think that is a great service. if you use it especially for , people trying to consume and digest lots of information, it is valuable. emily: is it the future? chamath: it could be a company if it is worth $300 billion. emily: i do want to ask about apple because i love hearing your thoughts on apple. you are here with your new rose gold iphone. i also have a rose gold iphone. i'm surprised to see you in one. you came out two years ago with this controversial op-ed saying steve jobs would have and should have bought tesla. and tim cook is "milquetoast, say nothing, uninspiring tweaker ceo." chamath: that was probably a little over the top. emily: ok, now that we know that apple is proceeding on his plans it's plans to make cars. chamath: so exciting. emily: what is your view on apple today, and tim? chamath: we have used that company. we have been running an internal public equity fund for while. and whenever we think about holding cash, we actually hold apple. for us, it is sort of like the equity of last resort.

are around companies that sit at the junction between consumer and enterprise, like dropbox and evernote. how do you avoid falling into the same traps? stewart: we have been focused entirely on enterprise. government, the faa, department of energy research lab, general services administration, department of state. we've been avoided consumer -- >> are they adopting an organically? >> organically. they want to negotiate terms, that kind of stuff. emily: dropbox did not start thinking about salesforce's enough. -- salesforce soon enough. >> there is a question about what would be the most efficient way to grow. advertising. it is easy to stop advertising when you need to. the second choice would be other marketing. , events,e sponsorships things like that. the third choice would be sales. it is much more expensive and harder to make the change. if you hire 1000 salespeople, -- it is an people empirical question. we have been growing historically about 20 or 30% a month. the rate of growth that is difficult for us to keep up with. emily: we were talking about this -- we may be seeing the be

note-taking app evernote recently announced layoffs, and mutual fund investors in dropbox reportedlyked down the value of their holdings in the company by 20%. venture capitalists have already invested more than $47 billion in the first three quarters of this year. the next few quarters will be critical in determining whether the party continues or whether startup founders will have a tougher time raising those big rounds of funding. for "nightly business report" i'm josh lipton in san francisco. >>> daily fantasy sports sites have been dealt another setback. nevada regulators are bang them from operating in the state until they get a gambling license. the decision was made by the nevada gaming control board. thursday evening both draft kings and fan duel pulled out of that state. comcast ventures and nbc sports ventures have stakes in fan duel. comcast is the parent company of cnbc, which produces this program. >>> now to the race for the white house. john harwood recently interviewed a number of presidential candidates from jeb bush to donald trump about their plans for the economy