emily: john doerr, beth seidenberg, thank you both so much for joining us. has been really great to have you. john: emily, thank you. beth: thank you for having us. ♪ >> "brilliant ideas," powered by hyundai motor. narrator: the contemporary art world is vibrant and booming as never before. it's a 21st century phenomenon, a global industry in its own right. "brilliant ideas" looks at the artists at the heart of this, artists with a unique power to inspire, astonish, provoke, and shock. to push boundaries, ask new questions, and see the world afresh. in this episode

emily: john doerr, beth seidenberg, thank you both so much for joining us. as been really great to have you. john: emily, thank you. beth: thank you for having us. ♪ ♪ >> turning ideas into action, the clinton global initiative has a goal of finding solutions to economic problems and establishing commitments that improve lives. on this bloomberg television special, we take you to the cgi meeting in denver, colorado, where a discussion of the nations growing wealth gap featured the housing and urban development secretary. >> we want folks to have a comfortable, decent, safe place. >> a panel of visionaries explore diversan

emily: john doerr, beth seidenberg, thank you both so much for joining us. been really great to have you. john: emily, thank you. beth: thank you for having us. ♪ ♪ betty: he is the country boy millionaire of dish network, charlie ergen. and he is looking to emerge with that guy, the t-mobile ceo john ledger. but the famously tough boss faces questions about his management style. charlie: we have high expectations, and for somebody who is not used to high expectations, you're going to be in trouble.

and that's backing the world's best entrepreneurs. , beth john doerr seidenberg thank you both so , much joining us. it has been really great to have you. john: emily, thank you. beth: thank you for having us. ♪ ♪ emily: he has been dubbed the "venture cowboy," not just for his signature shirts, but also you his signature shirts, but also freewheeling way of doing early things. graph along with bets on uber you go along with bets on uber and instagram, he also wrote a i will check to buy a piece of do check to buy a piece of twitter. in he amassed so many outside shares, he was the biggest the ipo outside investor by the recently time of the ipo. my outline he recently made news you by outlining his vision for the future of twitter, you addressing the possibility company addressing the will youty a you you and you

i recently spoke to john doerr, who elaborated on their position that she was not a good investor, butaybe she could be a good ceo. take a listen. john: it's important to look at the difference between being an operator were being an investor -- i think that ellen could be a really great ceo. i hope that she is. to be a successful investing partner is a really different job. emily: is this ellen pao's fault? is she a good ceo? bob: all i can say -- the lexus has had a lot of trouble -- emily: the cofounder. bob: the cofounder of reddit. i met with him several years ago. i was interested maybe in doing it. the thing is, it is oh hard to find someone who can lead that community because you have to have the hands-on approach, but a hands-off approach at the same time where you're a steward and you cannot come in and clean house and turn it into something syllable or we can sell advertisers on. you have really got to start with this partnership with the users and i think that is where she initially failed. i do not know if she can ever climb back. emily: the headlines, reddit is burning, r

joining me today, general partners john doerr and beth seidenberg. thank you for doing this. is great to have you here. you have been quiet for a long time, quiet through the trial. why are you here? john: you know, nobody likes litigation. and we are human. this trial was painful. at the end of the day, six women and six men heard five and a half weeks of testimony. they deliberated for 1.5 days. they found decisively on the facts that this company did not discriminate, that we did not retaliate and that ellen's claims had no merit. we know there was a second trial going on in public opinion and on this topic of diversity it found against the technology industry and we in the venture industry. we get that. emily: so you feel like you lost in the court of public opinion? john: i'm sorry that it has been so hard for our entrepreneurs and my partners to go through this, but more than anything else, i am sorry for minorities in the tech industry. look, this is very personal. i have two daughters. getting to a 50-50 world is super important. emily: you have been at kleiner perkin

joining me today, general partners john doerr and beth seidenberg. thank you for doing this.

bill: when i came into the business, john doerr and mike moritz were the legends of the game.ompeted with them on the google deal and messed it up. emily: would you say you messed it up? bill: they presented it and we were like, oh, let it go. biggest mistake of my career. emily: what did 1999 look like compared to now? why is now not a bubble? bill: all i said is i think risks are too high. i never said valuations are too high. i do not see a lot of valuations -- maybe gopro. i don't see -- i look at facebook or google and they are trading at very low p/e's actually. i do not think we have a valuation bubble, my bigger concern has to do with the large burn rates. emily: if it does not pop, what happens, is there a downswing? bill: there are two things that could cause a correction. one is a macroeconomic. very hard to predict. the second would be the firms that are doing the late stage investments might change their criteria a little bit. i think that is probably the more likely near-term catalyst for something like this, where they start to ask questions about, do these comp

google, ann and john doerr. you know, there's a guy in ireland, sean o'sullivan, dan benton. >> do you disclose your donors? >> the ones that want to be disclosed, we disclose. >> but don't you worry that by not disclosing all your donors that some people would be led to believe the people who are mucking with the integrity of your content are exactly the ones who want an anonymous designation? >> yeah, well, you know, this is, i mean, this is another thing where people have to just judge the content for what it is. >> right. >> and, you know, we take very seriously that people trust the content. >> that's your whole currency. >> yeah. >> if they stop trusting the content, the whole operation's over. >> people are sensitive. people can tell. if we're pulling punches or if we're not being objective or skewing it one way or the other, it's going to come out. and, you know, one of the things that we think is core to our ethos that makes us, you know, our secret sauce is that we are genuine, we're open. we're just a