emily: that was jenny lee from ggv. kkr has been investing , in tech startups for decades but has stepped up its game. we will explore where the firm can make a splash, next. if you have a moment, check out our new interactive feature on tv . you can watch us live. if you miss an interview you can go back to it. you can send messages, ask questions play along with the , charts on air. it is for bloomberg subscribers only. this is bloomberg. ♪ emily: honeywell is starting a venture fund for a technology $100 million company. and the office will be located at ground zero for silicon valley venture capital. on sand hill road in menlo park, california. honeywell plans to take stakes and 50 to 70 startups. kkr is also launching a new fund, putting more than $700 million to work in the fields of tech, media, and telecommunication. here to discuss the fund and potential deals is our ipo reporter, who is with the kkr growth equity director for tech, media, and telecom in new york. >> when you think about the investment stra

emily: that was jenny lee from ggv. been investing in tech startups for decades but has stepped up its game. we will confirm -- explore where the firm can make a splash, next. check out tv . you can watch as live and go back to interviews, send messages, as questions, play along with the charts on air. it is for bloomberg subscribers only. this is bloomberg. ♪ emily: honeywell is starting a 100 million dollar venture fund for a technology comedy, and the opposite will be located at ground zero for silicon valley venture capital. honeywell plans to take stakes and 50 to 70 startups. kkr is also launching a new fund, putting more than $700 million to work in the fields of tech, media, and telecommunication. here to discuss the fund and potential deals is our ipo reporter, who is with the kkr growth equity director for tech, media, and telecom in new york. thehen you think about investment strategy, i compare that to venture capital, which is not an is is early thinking about the exits like a private equity fund would.

since joining ggv capital, jenny lee has helped put the firm on the map in china with investments in imbing the ranks to be one of the most recognized vc investors in the world. lee is based in shanghai and joined us in san francisco this week. we spoke to her about what has changed in china. jenny: investors are a lot more sophisticated. two, the internet market is a lot bigger. there is a larger user base. what that means is we are not talking about innovation. emily: you launched ggv's china operations in 2005 and china changes every day, let alone every year. what has surprised you most? jenny: well, i think the size of the market has always been the most interesting aspect of china. it is not just a tier one city, it is also a tier two cities, that people are talking about innovation. people are saying we don't have to work for the government now. we can make something of ourselves. the entrepreneurial spirit is something we have seen change over the last 15 years. emily: there are several stages of technological change. you could say pc internet with alibaba, then it is mobile,

we are at lee .3 of an inch in mullica where heavy rain has nudged through. fran has .2 of an inch. list goes on n cherry hill, jenny, carrie in mount laurel are reporting over a .1 of an inch and we have much more of ago thissing on here throughout this list. so, what you will end up with today is just one of the days that requires the rain gear for sure but we will talk burr commute, and traffic and weather always go very much hand and hand on days like this this morning is the worst , sorry, meisha. rain, thunderstorms will be out there, we have not seen any lightening on doppler indication but the rain is out there the at moment. spotty showers, scattered storms and then continue in the afternoon and evening rush as we look at our seven day there are bright spots and we have been in a busy pattern lately. maybe a left over sprinkle tomorrow but saturday looks awesome, sunday and monday though, potential for showers or a thunderstorm return to the forecast again, meisha. >> no fun on a holiday weekend but we have saturday, right, hey, you know what if you are hold enough to drive thinks not our first rodeo drivin