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 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 acquisition targets. through t

now, parallel to that you've got this effort led by bill gates, mark zuckerberg, kleiner perkins thenvestment firm out in california to try to put private capital into applications of clean energy research. the government does basic research. but how you can apply that and turn it into scalable business models is what they're looking for from the private sector and the administration's hoping that the momentum internationally with the private sector and with investors is going to produce the results they're seeking. >> we have a dozen, scores of international leaders on the scene, but usually what happens is they're there for show but the real dough gets delivered later on when the talks go back behind the curtain. what can we expect to happen and who is going to bear the brunt of whatever reductions in carbon emissions might be called for coming out of these talks? >> well, certainly the traditional fossil fuels industries, oil and the coal industry, are going to be the most adversely affected by this shift to alternative energy. and that's reflected in our political debate here and

we are only now able to get people like kleiner perkins who are willing to fund tech companies. are now becoming more consumer-based companies, going directly to the student, the parent, the learner, and the internet lets you do that. what we do is help students get into the right colleges, by getting colleges to help recruit them. we do that with the data and matching. we help you pick your classes and get you the required learning material for less. then we can match you for homework help or live, online, on-demand tutoring. then the logical internships and then ultimately, to careers. this is the kind of thing we think that a student who is more self-directed, as opposed to one who is being directed by institution, will benefit rum. cory: you have grown this from a textbook renting business and building are a lot of other ideas to build a much bigger business. i wonder if we will see a handful of monster companies, out of this ed tech focus. >> i think you will see some breakout companies, and our goal is to be one of them. we have access to 75% of all high school students wh

hundreds of comments on facebook, read tweets on twitter, including from ellen pao, who worked at kleiner perkinsnsuccessfully sued them for gender discrimination. moritz did and then his or marx and e-mailed me a statement saying, i know there are many remarkable women who would flourish in the venture business. we would be ecstatic if more joint sequoia and other firms. i want to continue this important conversation. joining me now is the founder and ceo who has been working very hard on something called board list, a list of women candidates for board. say this,eard moritz what was your reaction? >> i wasn't too pleased. i feel it nothing could be further from the truth. we are probably -- what probably frustrated me most in that conversation was the fact that we think we need to wait for 2 more generations of women to get stem degrees in order for them to be a viable female candidate to be partner. that's not the truth. i wonder why he said that. >> i have nothing but respect for mike. but when you step back, this takes three much to this issue of unconscious bias. one of the things we did to

kleiner perkins still has a very robust seed stage investment arm.ho runs that said we make a decision and 45 minutes to an hour. we believe a quick yes or no is better than a slow maybe. i'm thinking, there is no way you can know if a company is going to be a hit in 45 minutes to an hour, but the idea is to build relationships with entrepreneurs, to build a pipeline. you just know exactly of these companies are going to turn out to be hits. david: what is happening with life? where is google putting its money in that? what is it looking at? emily: this life-sciences arm or verily, as it is called now, they are looking at contact monitors,h glucose this is not their antiaging arm. life-sciences, curing disease -- it is a big focus for verily and google ventures. those are the kind of companies they want to be investing in. that is emily chang, anchor of "bloomberg west." tune in tonight for her interview with bill maris. that is 6:00 eastern time, 3:00 pacific. ♪ sure, tv has evolved over the years. it's gotten squarer. brighter. bigger. it's gotten