andreessen horowitz, sequoia, benchmark, kleiner? vinod: we tend to be much broader.you are going to advise entrepreneurs, you should have started a company, known how hard and painful it is, how difficult the trade-offs are. it is painful being an entrepreneur. life is not easy. and unless you have empathy for an entrepreneur by having done it yourself, you don't have the right to advise an entrepreneur, in my view. so one rule i had -- in 30 years, i have never ever voted against an entrepreneur. they do not need hypocritical politeness from board members trying to be popular and be their friends and not helping them think through the risks they are going to face and challenge them. and then the same board members want to vote on things as if they know enough to vote. they don't. emily: you also don't go to board meetings if you can help it. vinod: mostly i don't go to board meetings because i cannot stand to listen to other vc's talk about things that i actually think hurt entrepreneurs. emily: what is your advice to board members on how to be a ceo? vinod: first,

andreessen horowitz, sequoia, benchmark, kleiner? vinod: we tend to be much broader.are an enterprise company, then we will do burgers like impossible foods. we will do rocketry like rocket lab. and then we will do hard science. we will invent new medicine. so we do very unusual things. robotics, semiconductor stuff -- we have even done a nuclear project. emily: you believe that most vcs actually hurt companies, not help them. what do you mean by that? vinod: you know, applying traditional business school and business metrics to innovative start ups is the wrong thing. and when people focus on irr's and rates of return -- on those, they actually hurt the company. i don't believe just because you are an investor, you have earned the right to advise an entrepreneur by being a board member. if you are going to advise entrepreneurs, you should have started companies, known how hard and painful it is, how difficult the trade-offs are. it is painful being an entrepreneur. life is not easy. and unless you have empathy for an entrepreneur by having done it yourself, you don't

flynn's attorney robert kleiner has declined comment. i for one thought this was just a sideshow. i didn't take it seriously until the last couple of weeks with all the infighting which added some intrigue to it and then we came in to the day with the news that perhaps nunes representative nunes had gone to the white house and got information of these from to white house sources on this before that infamous visit. so do you think that the white house should try to get in front of this now? i know that sean spicer keeps saying everyone wants to wait and let it all come out before it gets really out of hand. >> actually charles i think your initial instinct was right. it's important to different shape this which is michael flint's issue, he personally seeking immunity for all sorts of foreign contact was he might have broken from the basic question which you pointed out in your intro which is did these russian shenanigans affect the outcome of the election and there is no evidence that they did. in fact they bring to mind in 1996 the clint

within the dow i think there is only one the kleiner, johnson & johnson. the s&p 500 also getting.daq the laggard of the bunch. market closes next. this is bloomberg. ♪ scarlet: we are moments away from the closing bell. "what'd you miss?" the than ever.at joe: if you're joining us live on twitter, we want to welcome you to our closing coverage every weekday at 4:00 p.m. scarlet: we begin with the market minutes, the rally. it is not like we have seen a lot of these days where there are solid gains across the board. fromdefinitely a reversal yesterday, where we were talking about the trump trade, trouble. scarlet: absolutely. come inside the bloomberg. all 11 groups are higher now. utilities, the laggard here. they were negative earlier in the session. bonds falling today. it goes in mind that utilities would falter as well. financials, you can see the clear out performers up on the day. appleshare is doing very well today. reaching the intraday high in trading. let's take a look at whether it closed at an actual high today. it appears apple did close at a record high today, gettin

kleiner perkins is among the vc firms here at the conference. farmers business networks, co-founded by one of the partners, a digital co-op for farmers, raised nearly $80 million for farmers and backed by google ventures. >> the fitbit for cows. what are they tracking and what does it help a dairy or beef farmer do? >> they are able to track their health and activity. a lot of times they say they can actually pinpoint disease that can be deadly for cows before it gets to a point where it is life threatening and saving a cow can save hundreds to thousands of dollars. they track of view lation cycles for cows so they know when they are at the best point for breeding or getting in the window as fast and efficiently as possible to help save hundreds of dollars per cow. >> i wonder how fast the farmers are to pick up on these new technologies. they will have to be the clients, right? >> that's a great point. a ton of money is going into these deals and a lot of innovation and emerging technologies. the barrier is bringing all of this great technology