john: kleiner is in very good shape. i'm really excited about it.ey results when i took on this new role is to help the team attract and grow more talent. it's important to note that kleiner has always been in transition. since i joined in 1980, we had partners who were in their 60's, 50's, 40's, and 30's. i had kind of an outsized presence externally, but this is a very natural process that i think is going well. emily: where do you see the biggest opportunities in venture capital right now? crypto? warren buffett just called it "rat poison squared." john: i think charlie munger said he was "transferring turds." emily: do you think it is a good investment? john: i think blockchain is a powerful new technology. it's not as big a deal as mobility, and i don't think it is as big as ai. we have used blockchain to facilitate international and cross-border transactions. i would love to see blockchain applied in a powerful way to the health care system so you have fine-grained control over where your health information goes so you can automatically at any

. ♪ emily: mary meeker of kleiner perkins presented her internet trends report for 2018 at the code conference some key takeaways. people are increasingly spending more time online. in the u.s., adults spent 5.9 hours online, up from 5.6 a year before. 2017 marks the first year in which smartphone unit shipments did not grow. it was a banner year for voice controlled products like the amazon echo and payment adoption -- mobile payment adoptions. europe is becoming increasingly competitive with silicon valley when it comes to building successful tech companies. that's according to john collison, cofounder and president of the payment company stripe. i caught up with the brothers in the latest edition of bloomberg's "studio 1.0" to talk about how the startup built into a billion-dollar behemoth. we talked about competition and the lack thereof. >> i think there is a desire to set these things up as stripe versus banks, and x versus y whenever there is a narrative. a large fraction of the time when people are building businesses on stripe, they are building businesses on white space as opposed to