i spoke with tyson clark, a general partner at alphabet think, formerly google ventures.base the cofounder 10, and he actually has the distinction of being the black person who has assembly largest warchest ever for a black vc with his second fund. garvey. to be inkes, who used the industry and left, is said to me that when she was at nea, a prominent firm here in the valley, she had introduced black entrepreneurs who were very talented and has great companies to her white colleagues and she would feel the chemistry in the room sour. she said that they would always use the same excuse that they would not meet that person again for another meeting, which is that they could just not get excited. the same is true about job candidates who come in. there are many vcs thinking that just about their colleagues but also their own role in the tech industry not being as inclusive for representative as it perhaps could or should be. romaine: i'm going to play devils advocate here for a second. there are people in silicon valley who have pushed back on this idea that there is any sys

described it as quiet racism because one of the venture capitalists we spoke with at g-v, formerly google venturesracism in silicon valley is more insidious than in other parts of the country because it is invisible to perpetrators and bystanders. this is a place that is politically progressive. it sees itself as being very much on the right side of history. and yet, it has had these persistent issues, when it comes to inclusion. of people who come from traditionally marginalized groups, including women. emphasizewanted to that there are many people including prominent venture capitalists, who have not seen the exclusion of black and latin acts people in the industry -- the industryle in as a suggestion that their systemic racism playing out. emily: in the same way the few women in venture capital sort of had to bear the burden of sound in the alarm, and trying to make space for more to rise, you have even fewer black venture capitalists trying to carry that torch now. what do they say the problems are? and what can be done to elevate more people? nico: there are several problems and one problem i

it has really famous investe, kleiner, ford, google, ventures, bill miller, they have seen tremendousis going to go public, mike, and offer investors a way, essentially, to get in on a company that does 3d printing for small parts. it's already being used with ford and bmw and other partnerships so there's some exciting technology here to talk about, even though it is an unconventional way of doing things and perhaps raises a lot of eyebrows. >> not necessarily like private equity or family office that raised a bunch of money and going out to find a company. there are new opportunities. you can sort of say, have these anchor investors have an incentive to have this work, good track record of finding decent opportunities i do think you have to ask the question whether it's become a little bit trendy for these private companies to go this route as opposed to an ipo and costs and benefits of that there's definitely silicon valley sense that we don't want to leave any slice for the wall street middleman, investment bankers that control this process or still do in many cases. i'm not sure

le tote backers include google ventures men's wearhouse owner taylor brand says that it also filed foro entered into a restructuring agreement with more than 75% of the senior lenders that could reduce the debt load by $630 million. in the filing the company listed assets and liabilities in the range of 1 to $10 billion. the new filings join other household names that have find for bankruptcy this year including j. crew, jcpenney and nieman marcus. scott? >> wow, becky. you look at that wall that we had right there and you don't realize the number of companies that have filed for bankruptcy until you see them all laid out like we've done there on the wall we named some names here and there, but look at that collection of well-known brands that everybody knows, becky. >> i think the big question is going to be which ones of them go the way of chapter 13, which ones go chapter 11 how does this go from here which one of these can actually restructure and come out stronger that's what the close thing is going to be to watch. >>> coming up, survey monkey ceo, perhaps nobody knows better tha

test city for google's drone venture wing.rute oh delivered by drone, why can't i deliver library books? >> yeah. we were initially talking about the program as a way to bring kids and summer reading together. >> reporter: kelly pass eek was one of the first to sign up. the librarian reached out to wing with the idea. >> we need to continue to find ways to bring reading and to bring books to our students. >>reporter: you took that quite literally -- >> absolutely. i found a new way to do it. >> reporter: when covid closed schools and libraries, wing flew in to help the students. >> this is one way that we can help bridge the gap. >> reporter: about 600 kids live in the delivery area. they can send in a book request electron catholic message to pa. she packages it and drops it off and weighing it, the drones can only carry up to three pounds, and send it to folks like lily, five minutes away. >> she had stopped reading for a while. we'd been stuck home from school. >> reporter: a touchless delivery from above of more than 50 bo

while it is sad for their guests, they are focusing on their new venture which opened in february. >>> for googleto manage the 4,000 intern when's the program went virtual. an inside look at how they did it. >> reporter: he was elected after a very competitive process this summer. covid-19 forced him and 4,000 others from 43 countries to work remotely. in his case, from home in monday ray in northeastern mexico. google did not lower its expectations. >> we're absolutely looking for someone who can come in and have impact. these interns are doing real work all summer. >> reporter: he is teamed up with two other interns to work with shawn johnson and another google engineer. they've been working on a timely project, an app to allow teeflers to give inactive quizes to students taking classes online. >> this has become kind of the only means of interaction between teachers and students so we're hoping to have a positive impact. >> google turned not surprisingly to an algorithm to make sure these interns did not lose out on making valuable connections. >> it is called a coffee ninja. it will allow hav

project maeven was a project that google pulled out of citing ethical concerns and you made the decision to pull out of that joint venture, following receipt of a letter from thousands of your employees saying that google should not be in the business of war. my question is, did you weigh the input from your employees when making the decision to abandon that project with the united states military? >> congressman, thanks for your concern. as i said earlier, we're deeply committed to supporting the military and the u.s. government. we have undertaken several projects since then. we take our employees -- one input, we make decisions based on a variety of factors. as a company, we were new in the cloud space at that time, since then -- >> thank you. that's a sufficient answer. you did take their feedback into account. in fact, some of your googlers have recently sent you a letter where they asked you to exit other partnerships as a consequence of ethical concerns. they asked you to stop doing business with american law enforcement saying that police broadly uphold white supremacy and google should not be engaged to any serv

so google has undertaken an initiative, which they're calling the economic opportunity package, and that is supported by $175 million. that includes black lid venture black-led venture capital firms, and also increasing diversity and black employees specifically, hiring them into higher ranks at the firm. francine: or generally, how popular is the gm socially back bonds? seen these types of social bonds grow in issuance by over 370% in the first half of 2020 compared to last year. some of that is due to the coronavirus. we are seeing more of these issuances to help you with some of the social impact due to the virus. but overall, it has already hit a record and we have not even finish the year yet, so we are just seeing more investors interested in this issue and realizing that it can get them that are returns. for example, moody's recently rating better what -- rating better credit rating wise. francine: dani burger, thank you so much, with the very latest on this important issue. you can catch more of our coverage in the latest issue of the markets magazine, a special edition that is out now taking a closer look at diversity. "bloomberg surveilla

is on google and these companies will say we are just as agile as the smallest business here fact we can take over and buy out a small business in fact who are regulars then a little about venture capital taking over innovation from the small guy so that doesn't mean the end of big business it doesn't start a big business is consolidating and take a buying it all up again we get back to this soviet style of state capitalism that's why i've completely agree with you and actually the businesses that you talk to buy it all right giles and they are all good looking and they are having a major influence on the way we do business and it's our i don't want rate i don't equate dragons that is dragons we are we are and that lists but we are looking for the stocks in aware of the s. and p. and we actually looking for the new ideas america besting and those people to carry x. and you want to is unhealthily i mean i always say every big business needs to remember it was a small business it's actually is a small business is just bigger and they somehow the. and when i said i looked the businesses that got potential for growth into larger businesses it kind it doesn't matter who owns those b

is on google and these companies will say we are just as agile as the smallest business in fact we can take over and buy out the small business in fact who are regulars then a little about venture capital taking over innovation from the small guy so that doesn't really end a big business it doesn't start a big business is consolidating and take a why it all up again we get back to this soviet style of state capitalism that's why i've completely agree with you and actually the business is that you thought about it all right giles and they are all good looking and they are having a major influence on the way we do business and it's our i don't want rate i don't quite dragons' that because dragons we are we are and that lists but we are looking for the arcsin aware of the assembly and we're. looking for the new ideas america besting and those people to carry and you want to as i help them hey i mean i always say every big business needs to remember it was a small business it's actually is a small business is just bigger and they somehow the. and i sed i looked the businesses that got potential for growth into larger businesses it kind it doesn't matter who owns those businesses as