now, when eugene kleiner and i, the late eugene kleiner, my dear friend -- >> your co-founder of kleiner perkins. >> co-founder. when we started kleiner perkins, we tried to raise $10 million and we couldn't. we raised $8 million, and that was the largest venture capital fund in the world. everybody said, "what are you going to do with it?" well, it turned out, we had to start our own companies and so forth to make it work, but that's a different story. now, we have, i don't think anybody knows how many hundreds of billions of dollars in venture capital. the amount is immense, and that is causing the boom in san francisco. within a mile of here, there are probably 1,000 startups. >> in your opinion, these are good things. >> no, not necessarily. >> why not? >> why not? because these startups -- students are dropping out of mit in their junior year to go to san francisco and do a startup, but they're not starting companies. they're writing software applications, which are products. there's a huge difference between a product and a company. their only route to liquidity is to sell it to go

now, when eugene kleiner and i, the late eugene kleiner, my dear friend -- >> your co-founder of kleiner perkins. >> co-founder. when we started kleiner perkins, we tried to raise $10 million and we couldn't. we raised $8 million, and that was the largest venture capital fund in the world. everybody said, "what are you going to do with it?" well, it turned out, we had to start our own companies and so forth to make it work, but that's a different story. now, we have, i don't think anybody knows how many hundreds of billions of dollars in venture capital. the amount is immense, and that is causing the boom in san francisco. within a mile of here, there are probably 1,000 startups. >> in your opinion, these are good things. >> no, not necessarily. >> why not? >> why not? because these startups -- students are dropping out of mit in their junior year to go to san francisco and do a startup, but they're not starting companies. they're writing software applications, which are products. there's a huge difference between a product and a company. their only route to liquidity is to sell it to go

he is a designer and the latest to join kleiner perkins. and he is a guest next on "bloomberg west." ♪ >> i'm emily chang and this is "bloomberg west." spent a decade in research and then went on to be the president of rhode island school of design. he is with kleiner perkins and also the chair of the ebay design advisory council. john meada, our special guest this hour. thanks for joining me. i have been looking forward to this. >> me, too. >> how is he going so far? how do you like silicon valley and venture capital? it is amazing. i think the speed is so extraordinary that -- the people, the energy, it is intoxicating. >> how did kleiner perkins convince you? >> i was tracking a lot of designers going into venture. the ceo of air bnp. >> and i kept telling students to go be like them, and i felt a bit disingenuous that i was not going myself. so why not, i thought. >> what is it you're helping the company do? you are also sourcing investments. >> it is really strategic value design in company formation, company mission, and incubation. h

i,, when eugene kleiner and the late eugene kleiner, my dear friend. and cofounder. when we started kleiner perkins, we tried to raise $10 million couldn't. we raised 8 million, and that was the largest venture capital world. the and everybody said what are you going to do with it? turned out we had to start our own companies to make it work, but that's a different story. now we have, i don't think knows how many hundreds of billions of dollars in venture capital. immense.t is and that is causing the boom in san francisco. >> okay. >> within a mile of here there 1,000 --bly >> but in your opinion these are good things? >> no, not necessarily. >> why not? >> why no., because these startups and students are of m.i.t. in their junior year to come to san francisco and do a startup. but they're not starting companies. they're writing software which arens, products. a huge difference. a company.roduct and and their only route to liquidity is to sell it to google, apple, whatever. will fail. them and that's fine because there's so much money around, they can again andhen fa

he is with kleiner perkins and also the chair of the ebay design advisory council.ohn meada, our special guest this hour. thanks for joining me. i have been looking forward to this. >> me, too. it is nice here. >> that means a lot for someone with an eye for design. how is he going so far? how do you like silicon valley and venture capital? >> it is amazing. i think the speed is so extraordinary. the people, the energy, it is intoxicating. >> how did kleiner perkins convince you? >> i was tracking a lot of designers going into venture. recent graduates went off to silicon valley. >> like the ceo of air bnp. >> and i kept telling students to go be like them, and i felt a bit disingenuous that i was not going myself. so why not, i thought. >> what is it you're helping the company do? you're helping portfolio companies. you are also sourcing investments. >> it is trying to understand the strategic value of design and company formation, and early incubation. how to get design as early as possible in the process. it is something i'm lucky to get the chance to look at ver

the funding was led by polaris, including an investment from kleiner perkins caulfield and buyers.es.com ceo david elkington is with me right now. tell me about this moon thing. how did you figure this out? >> it is a piece of a larger ecosystem of data we are analyzing. i was sitting down with my father-in-law in law and he was an internist. he told me that at times during a full moon, the er room happen to be fuller. we are looking at the stock market, global gas prices, always looking at new things to analyze. we found there was a minor correlation. >> you are using ai gamification to figure out when to make a sales call. >> what we are really doing is we have an ai platform. we are looking at all of things that could influence a person as they make buying decisions. not unlike what amazon is doing, where they are creating personalization at the point-of-sale. if you have a sales rep who is about to sit down and engage with somebody, we can tell them who should -- they should be talking to, how they should be interacting. if you call it a ceo, you will probably not get him. i ha

kleiner perkins general partner has invested it for nearly a decade. been a ceo two times over. she is a physician by training. she joins us in the studio. thank you for joining us dr.. you have such an interesting career are from physician to ceo to investor. how did that happen? keeping your by eyes open and being ready for whatever opportunity isn't interview. it started out with the hiv crisis. trying to make a difference for people who were suffering from a. clinical trial. i was part of that for azt. to make ad a passion difference for patients and do it on a larger scale. i practiced and they took care of patients or years. the man went into product development. then i worked at amgen. decidedp products and that i wanted to build companies and make a bigger impact. >> why are we seeing this flood of money into biotech? >> biotech is seeing a renaissance. it is a combination of great technology and science and in light that we have never had the or. the tools of genomics, the ability to predict locations will respond to therapies. that is allowin

over far you have raised $85 million from venture capitalists such as kleiner perkins caulfield. the next that for appdynamics? how big do you want to be? >> we are in a category of applications that is in a transformational category. it is estimated to be somewhere in the $30 billion, $14 billion or year of i.t. spending. it is a large space for us and we are very happy to be part of it. it's a big space and we will continue to go and help more and more businesses, but i want to build a billion-dollar revenue. >> billion-dollar revenue? >> that's what we are building it for. much.nk you very we will check in with you before that, but much appreciated. jyoti bansal, the founder and chief executive of appdynamics. read more about shaquille o'neal in the currents issue of "bloomberg businessweek." coming up, technology that is helping people walk again. i will introduce you to the ekso bionic suit. and nasa has chosen its next-generation d2 spacesuit design. the public voted and the uniform is called technology, the gray uniform with glowing patches of turquoise. the d2 is the firs