back with me, keith rabois of coastal ventures.ier you thought the public market still had further to fall and the private market valuations have a lot further to fall. keith: i think we are going through a major seachange. we have seen a difference in degree. a difference in kind is coming. in 2000 -- not to say we are on the precipice of a 2000 collapse. but in 2000, march, when the first bubble exploded, between march and june, there was suspended disbelief that this was a temporary inconvenience. in june, when the market crashed again, people realized there was a permanent seachange. right now, there are a fair number of investors and founders that think we are in a temporary adjustment, as opposed to a permanent new normal. i think this is a new normal i.e., things are going to change , radically for the next one year to three years. not everybody is adjusted to that. when that mental model shifts, all -- will break loose. emily: how much farther do valuations fall? i don't think it is a function of valuation. there's not nece

tomorrow don't miss keith rabois.or now from san francisco. ♪ we live in a pick and choose world. choose, choose, choose. but at bedtime... ...why settle for this? enter sleep number and the ultimate sleep number event, going on now. sleepiq technology tells you how well you slept and what adjustments you can make. you like the bed soft. he's more hardcore. so your sleep goes from good to great to wow! only at a sleep number store, right now save 50% on the ultimate limited edition bed, plus 24-month financing. hurry, ends monday. know better sleep with sleep number. announcer: this program is a paid advertisement from the u.s. money reserve, a company not affiliated with the u.s. government or the u.s. mint. the markets for coins and bullion are unregulated. prices can rise or fall, so buying these items carries some risks. past performance of a coin or the market cannot predict future performance, and offers are void where prohibited. the views and opinions expressed on this program do not reflect those of this stat

tim higgins, our campaign reporter, harper reed of paypal, formerly with the obama campaign, and keith raboiso is sticking with us. up, the williams publishing platform has grown to attract big-name contributors like hillary clinton, bono, and elon musk. next. ♪ emily: apple is said to be biting deeper into the world of original content with plans in the pipe like -- pipeline for its first scripted tv series. -- this isxecutive according to a person with knowledge of the matter. it is still not clear how apple plans to distribute the show. for more on that, let's bring in our entertainment reporter from l.a. what do we know about this? we know that apple is going to produce the show, dre is going to star. it wants to not just distribute, it wants to produce. the real question is whether this is just supposed to benefit the music service or whether it is also intended to lift the tv service. i have a hunch, based on what i'm being told, it is more for the music. they made a documentary with taylor swift last year that was supposed to lift up subscribers of the music service. i think this could