we are to be looking at my conversation with jeremy liew. of the first investors at lightspeed ventures. what about the balance we tend to see on the first day? we know it is up 44% today. twitter was up 73% on its first day of trading. these are not always stable. >> it does not point toward what is going to be happening in the next year. twitter was up, but now it is down about 30. facebook was pretty flat, and now it is up since its ipo. 260%. caroline: zuckerberg as well. how is evan spiegel and bobby murphy's fortunes changed in the founding of this company in particular? you are saying it was like a rocket ship it all set up so quickly. is this now the point where they actually cash out? a lot of it will be locked in for the perceivable future. >> yeah, so they both 6 million shares in the offering. they took home $272 million. you get tax on that, but they are looking at a banking out of about $180 million. as far as the flat shares there , are restrictions on where they can start selling. it is each about 20% each. you would assume t

caroline: that was jeremy liew. now to another big tech story this week.ghting battles on many fronts. this week started off with the senior vice president of engineering resigning after sexual harassment allegations from his previous job at google. he has denied the allegations. on tuesday, bloomberg obtained a [no audio] videoreceived a dashcam from a long-time opera driver who is unhappy about the direction it has been going. he said that to us. have a listen. this conversation takes place on super bowl sunday. he is talking about the culture of uber. have a listen. >> ryan, you had to cancel many a ceo. >> it isou tell them true of any company. how do you try and get to the root of what is going on? you have to be actively and aggressively and figure out how to truck -- solve it quickly. >> i can't say that we thought a lot about whether to write the story. it seemed to me that travis's personality is central to all of this. this is a company that has changed how cities work. he is talking about the culture of uber and showing his audacious miss. have

caroline: that was lightspeed venture partners jeremy liew. to another big tech story this week -- uber fighting battles on many fronts. this week started off with the senior vice president of engineering resigning after the ride hailing company learned of sexual harassment allegations from his previous job at google. he has denied the allegations. on tuesday, bloomberg obtained a video of uber's ceo travis kalanick boasting of the company's tough culture before parading a driver who asked him about falling fares. >> you know what? >> what? >> some people don't like to take responsibility -- blame everything in your life on somebody else. >> just enough money for a phone card -- >> good luck. caroline: travis kalanick in an -- issued an apology in an email to staff -- "it is clear this video is reflection of me and the criticism we have received is a stark reminder i must fundamentally change as a leader and grow up, and this is the first time i have been willing to admit that i need leadership help, and i intend to get it." it is the latest i

caroline: that was jeremy liew. uber fighting battles on many fronts.start off with the senior vice president of engineering resigning after sexual harassment allegations from his previous job at google. he has denied the allegations. bloomberg obtained a video of travis kalanick berating and uber driver. >> you know what? >> what? >> some people don't like to take responsibility -- good luck. caroline: travis kalanick in an apology an enemy mail to staff -- "it is clear this video is reflection of me and the criticism we have received is a stark reminder. i must fundamentally change as a leader and grow up, and this is the first time i have been willing to admit that i need leadership help, and i intend to get it." it is the latest in a series of embarrassing incidents for the ride hailing giant. we caught up with one person to discuss. >> uber's corporate culture has been in the news ever since susan fowler wrote a pretty scathing blog post about the company. we received basically a video from a long time uber driver who is unhappy with the direction

. >> lightspeed, jeremy liew tracked them down with his partner.snap and got a huge stake of it worth more than $2 billion now. they will have to see. this price has to sustain. they sold some of it in the ipo. i think it was them $8 million if i remember right. -- $78 million, if i remember right. benchmark is the biggest holder. lightspeed got in early. it is not just the snap investment. they have been in others. it has been a string of wins. >> it has been interesting because there have not been a lot of tech ipo's. when you think about meal soft is on file right now. app dynamics got bought by cisco earlier this year the day before it went public. when it comes to the lack of exits, it does seem like lightspeed has done it right. we don't know if that is them picking the right founders, the good outcomes for lightspeed. >> they are getting in early which is what you need to do if you want to be a top firm and own a lot of the company by the time it goes public like snapchat. caroline: it is a busier space in seed investing in silicon valley. a