what is the succession plan at kleiner? at any given time, kleiner has been unusual in that we have multiple generations of partners and we have been diverse in age, gender, and ethnicity. we are on our fourth generation transition in 40 years. and i am confident we will do it successfully. emily: how long do you plan to stay at the firm? john: i have no present plans to leave. emily: but this is your baby. john: that may be a public perception, but it is not the reality, this is a partnership. emily: where do you see this firm in the next 10 years? john: a top three venture capital firm that is pioneering breakthrough, risky fields like augmented reality. that is even more diverse than we are today. and that's backing the world's best entrepreneurs. emily: thank you both so much for joining us. it has been really great to have you. john: emily, thank you. beth: thank you for having us. ♪ ♪ >> welcome to the best of "with all due respect." a decisive week in the it was -- it was a decisive week in the republican primary sea

emily: ellen pao versus kleiner perkins trial. what did you see in that? david: let's see.uess i would see a no-win situation for anybody. it was a tragedy all the way around. emily: why? david: it is something that is not good for venture, not good for kleiner, not good for ellen. it turned out to be something where there is a lot of drama and a lot of pain. i am not sure what good came out of it. i am hoping there will be some. there are some good lessons there about how you treat employees. maybe some lessons about document retention. maybe some thoughts about how you build your firm. john: at the meta-level, the pressure it puts on our industry is to make sure we are representative of full diversity is very good. we have a lot of work to do there. david: until a firm votes with their feet and their wallets, they can be judged harshly. emily: part of the reason kleiner found itself in this position is venture capital firms have historically had a problem with succession. how do you make sure greylock is around for 50 years? david: greylock at 50 years could sometimes get

ellen: when i was a kleiner perkins it was very hard.ple inside and outside did not want to be seen with me. it has changed quite a bit since then. people are becoming more aware of these issues. it is not my one-story, it is a lot of people sharing their stories and having similar experiences. , have been working on a book not looking for a job until i get this done. then i will see what happens. my exclusive interview with helen power. still to come, what she has been up to since the controversial discrimination case ended a year ago. more of our conversation, in just a moment. in today's revolving door, amazon may have lost out to twitter on the nfl streaming deal. but the e-commerce giant is not giving up on sports. they have hired executives to head up the project. run digitaled to video for "sports illustrated." google's first deal with a major car deal, bringing their famous self driving cars closer to commercial reality. ♪ emily: to part two of our exclusive interview with ellen pao, former kleiner perkins junior investing partne

ellen: yeah, when i was at kleiner perkins, it was really hard. people inside and outside did not want to be seen with me. it has changed since then your people are becoming more aware of these issues. it's not my one story. it is a lot of people sharing their stories and having similar experiences. i've been working on the book. i've been not looking for a job until i get this book done. and then we'll see what happens. emily: you say you don't regret it. now that you have had a year to reflect, would you do it again? ellen: it's a good question. i would do it again. but i would tell you the same thing that people told me when i was talking to people who i had sued -- you had sued financial services. they also said that they would do it again but they would not recommend of the people to do it. -- what would you recommend to other women or minorities? or go somewhere that they would be more appreciative? ellen: it depends on where you are. if you think you are in a place where people will listen, try to change from within you. at kleiner, i tried

summer suedck last the vc firm kleiner perkins and cal field. she said she was preyed on by male colleagues and denied a promotion when she complained about it. now, she is starting her own consultancy firm. she is starting a tech diversity advocacy group. advising companies on hiring hr pay practices. after she left kleiner perkins, she was the interim ceo of credit. she is also on the board of clipboard and lehigh technologies and is now starting her own consultancy shop. they'll miss an interview with the former kleiner perkins partner ellen pao about her new advocacy venture. that is one year after losing her discrimination lawsuit against the legendary the sea firm. catch that today at 3:00 p.m. eastern. we are halfway through a pretty brutal trading day. i want to head to the markets desk where bloomberg's julie hyman has the latest. it started in some areas of asia , spread to europe, european banks, and now spreading to the u.s.. economic orders we got in asia, and then in europe, the sentiment shift that seemed to come into the markets,

emily: that was my exclusive interview with a former junior partner at kleiner perkins and interim ceoit. fitbit shares are sliding after hours as the company issues weaker second quarter guidance. the company reporting a first-quarter revenue of $505 million, beating wall street estimates and profit under $11 million. their first year as a public company has been rocky and the stock is down over 14% since its june ipo. what will it take for the company to prove itself to investors? firstg me is ramon lomas, of all, what you make of this mess -- miss? >> i think it is a pretty big miss but we are looking at this moment in time. fitbity going forward is is not the kind of company that will stay still. we have a lot more development and a lot more product and a lot of other things to look at right now. if we can just be patient and say let's look at how the run that develops, i think we will see a lot more than what we see here today. emily: let's talk about their new activity trackers. alta and the blade. how well are the new trackers doing? countsou look at the they made, altogether fo

emily: have you been following the ellen pao versus kleiner perkins trial? mike: yes. yeah.ly: well, now lawsuits have been filed with facebook and with twitter. it certainly seems to be -- i mean, what is your take on the sexism issue in silicon valley? mike: it is kind of surprising to me that it took this long for anything like this to happen. i mean, it has been male-dominated for as lon as i -- i mean, i am old. i was in it, you know, in the 1980's. i am not surprised. i think engineers -- and this is, i am making a broad statement here -- but a lot of male engineers have this thing about women that probably goes back to women treating them badly in high school or something. and maybe there is a little bit of that. alec: anything that is ripe for satire, obviously, i think we have a duty to the show to go after. if we can figure out an inspired way to hit it, absolutely. emily: would you work for an amazon studios? would you work for a netflix? ♪ emily: i wonder, how does "silicon valley" compare to the other things that you've done? "seinfeld," "beavis and butthead," o

randy komisar, kleiner perkins, thought you could be far bigger than even $3.2 billion. it was never about money. it was about building the right thing. this wasn't about money. the number was nice. don't get me wrong. but this was a 10, 15 year vision. i knew we were going to need big arms to help us get there. i remember how long it took to go from ipod to iphone, and those things. and you need a lot of resources to do it. just to be standalone? people would say you need to go public, you need to raise more money. i did not want to go public. when you saw that number, when you had the gut the feeling, you -- the gut feeling, you just had to go with it. it is like when you get married. you never know what it's going to be like on the other side. you trust your gut. you have done all the analysis. at the end of the day, it is all about emotional decision. it's not a rational one. emily: it is funny because people still wonder why didn't you sell to apple. you worked at apple, it feels like apple, was that ever really an option? tony: we considered all the possible acquis

he strayed a application tur of water, hand kleiner and mouse poison allegedly in at least three stores including a whole foods. those stores have taken every precaution to make sure no one >>> a 30-year-old is in custody charged with second degree murder after hijacking a commuter bus and attacked the bus driver, stole the bus and struck and killed a pedestrian. the entire incident took place within five blocks of where the suspect first boarded that vehicle. the bus driver was injured and remains hospitalized this morning. >>> an announcement could come about an enormous expansion of the recall involving takata's exploding air bags. sources say u.s. regulators are in talks about agreeing to more than double the nearly 29 million air bag inflaters that have beeen recalled. the problem is they can explode with too much force. at least 11 people have died because of air bag incidents. >>> when we come back a dramatic scene from overseas. dropped several stories from a burning building u.s. soldiers coming to the aid of a family. >>> and anybody home? well, if they were they'd get a big s

when i was at kleiner perkins, people did not want to see or be seen with me. people are becoming more aware of the issues. it's not my one story. a lot of people are sharing their stories and having similar experiences. i've been working on the book. i've not looking for a job until i get the book done. we'll see what happens. you've had aat year to reflect, would you do it again? ellen: that's a good question. i would do it again. i will tell you what people told me. they all said they would do it again, they would not recommend other people to do it. do to what would you people who are being discriminated against? do they sue? do they go somewhere else? ellen: it depends on where you are. if people will listen and you for me itenergy, didn't work. if that's not going to work, go someplace else. emily: why didn't you appeal? ellen: it's so expensive. you're not matched in terms of resources. they have people attacking you and your family. at the end of the day i thought my story is out, i can tell the rest of what i want to share. i think people heard what i

coming up in the next hour, kleiner perkins partner ellen howell discusses her new venture one year aftert a .iscrimination lawsuit that interview is coming up next. here is a check on the markets, looking at the nasdaq, down at 4773. 17 points at 2054. the dow, down. ♪ david: welcome to "bloomberg markets." from bloomberg's world headquarters, good afternoon. i'm david gora. jury -- energy shares are the hardest hit. , fromlair joins us bright's to the threat of islamic state. speaking out. she talks about her new advocacy group one year after losing her discrimination -- gender discrimination suit. we are one hour from the close of trading. julie: stocks are continuing their downward march. at this point, we have a lot of pessimism around the globe. we had disappointing manufacturing data from china and the u.k.. that

ellen pao speaks out for the first time since losing a gender bias case against vc firm kleiner perkinsst of bloomberg west, this weekend on bluebird television. ♪ ramy: apple shares tumbling to 2014 lows, with the stock falling on 14 of the last 16 sessions, down 18% in the past three weeks. the iphone maker has been on a downhill slide among worries that smartphone demand is getting -- shrinking. tsy shares down more than 9% on concerns of the company's long-term outlook, a turnaround from earlier this week. shares had been up after etsy reported earnings on tuesday, announcing the first quarter the profits since becoming a public company. next up, the chinese entrepreneur building an alternative to satellites use today, helium balloons sent to the edge of space. he wants these unmanned devices to provide services coming from processing telecoms, meteorological data, satellite tv, traffic surveillance, and tourism. this time he is launching a $300 million investment firm based in israel. elliott gotkine caught up with him. elliott: why israel? of all the countries in the world you cou

oil down by 4.5%, the top the kleiner on the asx 200. weakness in japan, off by 3/10 of 1%.o some weakness when it comes to the iron ore miners. bh billiton down. theres despite the fact has been a retracement in the iron ore price following the plunge we saw last week. taiwan markets, possibly apple had put through in order for 78 million iphones from suppliers. we are looking into the details of that report, but we are seeing that positive effect when it comes to some of these suppliers and assemblers of iphone. 1.13%, catcher makes casings for iphones, up 2.6%. they said they would be doing a glass front for the iphone. making bodies for the iphone, upside in the session today. a quick look at that commodities space. at the moment, a little downside and oil. , not a lot of consensus on where it goes. one part suggest we are to bearish, another saying it will be hard for japanese policymakers to curb any further gains in the yen given the political sensitivities ahead of that u.s. election. moment, strengthening to bit. rishaad: getting back to exports out of japan, down t

many years, lawrence summers, the former treasury secretary of the united states, mary meeker of kleineridn't want their reputation besmirched and might have gone further than any other board might have in saying to mr. laplanche that his services were no longer required. the company's president has taken over in the interim as ceo of lending club. that is certainly not stemming the decline there, though it does appear to be not about the loans themselves, and therefore, sarah, perhaps not going to the business model of the company itself. but you can see a quarter of the value being eviscerated, nonetheless. >> yeah, doubling the losses for the year. >>> meantime, retail earnings take center stage this week with macy's, nordstrom, jcpenney reporting quarterly results. goldman sachs today lowered its price target for both nordstrom and jcpenney ahead of earnings. so, should investors be bracing for more lackluster performances across retail? let's bring in jan niffin and stacy widlif. good to esee you both. coming off of what was a tough holiday season, just broadly, how did retailers be