kleiner perkins am a number benchmark 22. five, sequoia 30.ntries in horowitz 37. -- andreisen-horowitz 37. chamath: we are not number one. we did this with a great team who did all this work. when you look at the ranking of the firms that did the best, it is smaller firms like cowboy ventures, people who have taken it on themselves to create a diverse situation where different people can make interesting decisions together. we were fourth or fifth on the list. emily: well, so, some people -- i've been talking to other vc's -- nobody wants to talk on the record. they say is this list fair? , you are at the top. chamath: the ranking methodology was not ours. that is what facebook and google use. we used to that. all of this, by the way, is published in the open source. anybody can quibble with the methodology. it is irrelevant. the real question is what drives long-term interest? -- returns? it is very clear that age is fundamentally correlated with returns. we know that now can to slippery -- conclusively because the data is out in the open. i

emily: have you been following the ellen pao versus kleiner perkins trial? mike: yes.ly: now lawsuits have been filed with facebook and 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 -- i am old. i was in it 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 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 netflix? ♪ emily: i wonder, how does "silicon valley" compare to the other things that you have done? "seinfeld," "beavis and butthead," office space." mike: "king of the hill," "beavis an

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

. >>> and also ahead kleiner perkins ray lanes gives us his outline for tech startups and has it reached a peak. we'll ask him. stay tuned. selling 18 homes? easy. building them all in four and a half months? now that was a leap. i was calling in every favor i could, to track down enough lumber to get the job done. and i knew i could rely on american express to help me buy those building materials. there are always going to be unknowns. you just have to be ready for them. another step on the journey... will you be ready when growth presents itself? realize your buying power at open.com >>> we've got about 23 minutes left in the trading session as we again initial out what has been a strong month. i have gordon from rosenblat securities with me on the floor of the exchange. i don't think anybody predicted as strong a month for october as they got. some people are making the case that this could continue for seasonal reasons. >> you can't fight the tape. i'm a bit surprised with the lack of interest in the market so much this week. i mean, you know, the last few days i would expect with al

he is scared because kleiner perkins has given $25 million to the startup called google she thinks is anybody give $25 million to google? it is a silly name and a search engine is a commodity. nobody knows. these companies are lottery tickets. some of them will pay off. matt: an interesting snapshot of the last five years. google was in the late 90's early 2000's -- the late 1990's and early 2000's. if you grab venture capital money raised versus tech valuations, they correlate almost perfectly. as much money as we can raise, that's how much everything is worth. it doesn't matter. david: i have invested in a few startups. ,ne of the things i found was you don't know whether your investment is a good or not. as soon as someone comes in for a higher valuation you think, i made a good investment because someone else came along and validated. michael: if they are asking me for money, we already have a problem. you are so far away from the source of the action that if they get to you, probably not a good sign. david: you don't do startups? michael: i'm not a really rich person but if i was