now a partner at greylock, hoffman sits on seven boards.e is the author of "the start-up of you," and now a new book, "the alliance." our guest today on "studio 1.0" is reid hoffman. thank you so much for joining us. reid: my pleasure. emily: so you have no shortage of jobs to do. why did you write this book? reid: the key thing is, in many circumstances, companies -- employers and employees are lying to each other. because the notion is the modern career is actually in fact changing where there's options -- for shifting companies, for how do you evolve -- even career tracks are changing. so the question is how do you get that investment in the future and that entrepreneurial relationship between the company -- the employer and the employee. and the short answer is alliance. it's an alliance that's based on tours of duty, where you set up for a project that's like three or five years long, and that transforms your career, makes you employable, and transforms the company. emily: you say people should be honest from the start. how honest shou

at greylock, how important do you feel it is? and having done as many things as you have, are in a unique position to push this issue forward and to -- how do you look at it? >> we think it's critical. both in investing partners, which we're working on. and also, entrepreneurs. and the pipeline. because the pipeline to vcs comes down to founders, executives. you have to do mentoring there. and you have to work as hard as you can to actually make the industry will benefit from diversity. so how do you make that happen. >> how do you increase the pipeline of diverse applicants to jobs? the one recurring theme we hear from all of these ceos is of course i want a more diverse workforce, it's a matter of actually attracting them to the company and having them be qualified for the job. >> in interviewing you make sure on every key position you interview some diverse candidates for the position before you say okay we've made a hire. you're committed to the very first interviewing. and then as you go through, you do mentoring on the way

now a partner at greylock, hoffman sits on seven boards. author of "the start-up of you," and now a new bo"t

with me is the ceo and chairman of greylock capital.what point does petrobras get access to the public debt market? guest: it will be tricky. they are the most highly leveraged company in the world at this point. there was one downgrade. two more, three of the rating agencies have them on negative watch. if they get another downgrade, they're out of the two indices. it's not a very good environment to issue debt. i would think they're going to have trouble accessing the markets in the next little while. alix: does this continue the black eye for dilma rousseff? guest: it does not help. the beginning of the week they disclosed the end results of the corruption. the markets seem to think it is explained enough. my concern and a place like brazil is that might be beyond scratching the surface but not really digging into the messiness. you're looking at a highly leveraged company in an inefficiently run country, and there are political ramifications. petrobras is trading on the debt side. it's about 400 over. it is trading like a high-yield

joining me to discuss it is hans hume, from greylock capital. thank you guys for joining me.you think the deal falls apart based on what the ayatollah says today? guest: the problem is there is so much obtuse station. the real matter is that it has been brought about by prime minister netanyahu and the hardliners the deal is not even really given a chance to pick itself well to the negotiation. the iranian regime has come to the table because they feel the problem of internal upheaval against them, because there's an exit stencil threat to them. if the sanctions are not removed, especially financial sanctions that have really brought them to the table, the other problems are not as bad as the financial sanctions. everyone i have talked to in iran feels the pressure of the brain -- of the banking system has brought everyone to their knees and you have other extreme revolutionaries that control the smuggling that would benefit tremendously out of the sanctions that don't want the lifting of the sanctions. alix: the rhetoric continues all across the middle east. iran the plane w

alix: we have hans use, the ceo of greylock capital, as well as the former u.s.energy policy director. we will be talking about all of the dynamics of oil, iran, and opec. mark: "street smart" coming up at the top of the hour. thanks. stay with us. scarlet fu will have a check on the market movers on the other side of the break. "bottom line" continues in just a moment. ♪ mark: get the latest headlines on the top of the hour on bloomberg radio and streaming on your tablet and on bloomberg.com . that does it for this edition of "bottom line." thank you for joining us. on the market with scarlet fu is next. ♪ scarlet: thank you. it is 56 past the hour and bloomberg television's on the markets. with one hour to go in a quiet day, the dow is little changed. gain as many as six or two point before sliding to its low, a loss of 75. now we are pretty much at where we were at yesterday's close. meanwhile the dollar is stronger and treasuries are falling which means a higher yield for the 10-year. utilities is the worst performing sector so far in 2015. the xl you spider