emily: of course, microsoft went on to buy hotmail. dfj made millions of dollars. want to talk about how you became a guy, who can make these kinds of predictions and big bets. tell me about where you come from. what kind of kid were you? steve: i don't know if i ever grew up. that is the first thing that comes to mind. i was born in arizona, to estonian immigrants, who came here during the early days of the semiconductor industry. i guess i was inspired by my dad growing up. i started programming when the apple ii computer first came out. i think there is something intoxicating about the ability to program a machine, to code it to do things, and have immediate feedback, unlike other experiments that take time to learn. the learning cycle is so rapid when you program. emily: you graduated from stanford first in your class, you got a masters in electrical engineering, an mba at stanford. steve: i love to learn, and, that is what i love about being a venture capitalist, i am always learning. at school, i did not want to leave. i enrolled right from my undergraduate t

anyone looking for a job would with you had better not be sending his or her resume by hotmail.hy is that? ruslan: someone who uses hotmail, chances are they set their e-mail up 15 years ago and have just never bothered to look at what else is out there. newer technologies have come along like gmail, which lets you search or e-mails much easier. we use that internally in our organization. also, we look favorably people that have their own domain name. somebody who purchased their name and uses that as their e-mail. we want tech-savvy people. we want people who know how to research online. people who keep up with technology, who swim against currents. that is one of those little things. e-mail address, that says a lot about you. we have logical reasoning tests that we send to everybody who applies. haslinda: is it fair to say that the typical profile of your employee is either the gen y, the millennials? haslinda: it would be. yeah. people who grew up with the internet are much more likely to succeed when they apply for a than if they do not know how to use the internet. haslinda

emily: of course, microsoft went on to buy hotmail. dfj made millions of dollars. want to talk about how you became a guy who can make these kinds of predictions and big bets. tell me about where you come from. what kind of kid were you? steve: i don't know if i ever grew up. that is the first thing that comes to mind. i was born in arizona to estonian immigrants who came here during the early days of the semiconductor industry. i was inspired by my dad growing up. i started programming when the apple ii computer first came out. i think there is something intoxicating about the ability to program a machine to code it to do things unlike other and have immediate feedback unlike other experiments that take time to learn. the learning cycle is so rapid when you program. emily: you graduated from stanford first in your class, you got a masters in electrical engineering, an mba at stanford. steve: i love to learn, and that is what i love about being a venture capitalist, i am always learning. at school, i did not want to leave. i enrolled right from my undergraduate to

ruslan: somebody he was using hotmail, chances are they set their e-mail address up 15 years ago andst never bothered to look at what else is out there. newer technologies have come along like gmail that lets you search e-mail much easier which we use internally in our organization. also, we look favorably of people that have their own domain name. if you can purchase their name .com and use that as an e-mail. we want tech savvy people. we want people who know how to research online and keep up with technology. to swim against the current. and that is one of those little things. like your e-mail address we believe says a lot about you. we have proven it. we have logical reasoning tests. -- tests that we send to everybody who applies for a job. haslinda: is it true to say that the typical profile of your employee is either the gen y and millennials? ruslan: people who grew up with the internet are much more likely to succeed when they apply for a job at kogan then if they don't know how to use the internet. haslinda: the average age is 26? ruslan: 26 or 27 is about average. -- 32 i am

anything that's not a receipt stays in your in box, secured by g-mail or hotmail or whatever you use. >> i'm really into finding discounts. i have retail me not book marked. is this the same or different? >> we're kind of an oddball, we're first to the scene in doing this. we're also a strange business to begin with. most things out there are either trying to sell things to you or you are the product, they'll sell your information. we don't do anything of that kind. instead we built technology that acts for people as your agent. so if something has changed after you've bought something, if you missed a better deal, if you missed a coupon, it will spring into action right for you and our business is we take a cut. so we share the same incentives as you. >> that's a key point. how much of a cut do you take and how much are you saving me on average? >> normally we charge 25% of what we recover for you. you can bring it down to zero percent by referring friends. for us, we generally save people between 60 to $100 a year. but some results can be way higher. there was somebody two weeks ago