i loved working at kleiner perkins.rtime andbigger i think being at one place for a long time -- i was therefore 13 years -- you tend to become -- i was becoming a little bit more jaded, a little bit more like, we ask that question six years ago, whippersnapper. to put yourself in a less comfortable situation, and see it as an opportunity -- it's a better fit for me, it turns out, and the chance to be entrepreneurial and start something that is new and smaller, focus on seed, it is been a fantastic experience. emily: everybody wants to be a seed investor these days. >> it's a hot thing. being a seed investor -- it's picking, being able to identify, see great people and ideas. the helping part, post-investment is important. we are seeing a bit of a hangover in the seed market right now where there has been a lot of seed money but not a lot of experienced seed money and not a lot of experienced seed help. all these companies lined up to race the series a, many of which have not gotten good guidance, have not anticipated,

erl are hily investors they were part of the early internet, and the very early internet, and kleiner perkinse of the original investors in google and so many they have been a part of, and now, today's venture capital is changing in lots and lots of ways, but the basics of finding great investments early on, and really backing them is something that kleiner perkins perfected under all of them. >> yes, indeed n. a year where we have lost andy grove, bill campbell and now thom perkin, and quite a loss. thank you, kara. >> yes, okay. >>> and when we come back, the market of theater tickets live from the ham ilton theater of richard rogers, but first, rick santelli, what are you watching today? >> well, row know, i'm watching the credit markets and the bond markets and listening to the interpretations of what exactly is the message of the bond market? that is what we are going to be talking about after the break. >> all right coming up on the "halftime report" are bonds rallying around the globe, and plus, playing apple ahead of next week's big event, and the analyst analysts who believe that sto

he left a job at hewlett-packard to establish kleiner perkins in 1972. firm invested in tech over the next two decades, leading to the silicon valley boom that ushered in the internet age. global news 24 hours a day powered by 2400 journalists in 150 news bureaus around the world. thank you. yvonne man joining us there. japanese 10-year bond yields have fallen to a record low amid concerns about the outlook for the global economy. nejra cehic joins us with these details and others from the asian trading session. nejra: the risk sentiment we were seeing seems to have fallen back. we've got caution in the markets fueling demand for bonds globally. we've seen the japanese 10-year yield fall to a record low. this after we saw u.k. and german 10-year yields fall to lowe's yesterday. we are seeing this risk off sentiment inequity markets as well. looking at the msci asia-pacific index, that has all in the most -- has fallen the most in a month. we're seeing losses in japan. with that sentiment fueling demand for some of the safer havens, look at the dollar. bl

perkins cofounded the venture capital firm, kleiner perkins caulfield and buyers in 1972. his firm helped finance the launch of google, amazon, and a number of other tech giants. >>> cleaning up unfinished business. the incomplete internal affairs cases found in a paperbag at the san francisco sheriff's office. >>> a major blow for gun rights advocates. the california appeals court ruling that said people have no constitutional right to carry concealed guns. >>> good morning. we are looking at the commute right now where traffic is moving along well on highway 4. we will look at some of these other east bay commutes when we come back. >>> most of the fog has been wiped out. there is still a little bit but it is more to the north. we will talk about that. temperatures on the cool side for some. >>> welcome back to mornings on 2. >>> a federal appeals court in san francisco and a california gun control advocates a major victory. 11 judge panel ruled the second amendment does not get americans the right to carry concealed weapons the ruling will uphold current state law that

others had backed young entrepreneurs in the valley but it was really perkins along with kleiner who f venture capital. >> can you explain his relationship with the firm towards the end of his life. it seemed to be more complicated than it was obviously earlier on. >> well, perkins retired in the mid '90s, largely because his first wife was dying and then died. he had other projects. sailboats. he wanted to pursue. so long before he became controversial, he and -- he had become a limited partner at kleiner. he was on the board and sat in on important decisions. only in the last four years when he started unfortunately to speak his mind on stuff he didn't know a whole lot about did the firm distance itself from him. and had to. the things he said were indefensible. >> david, we want to appreciate your perspective this morning. thank you for calling in. >> glad to be here. >> thanks. >>> coming up, the battle for the white house heating up. hillary clinton getting a trifecta of endorsements and donald trump slipping behind the democratic nominee in national polls. we'll talk politics ne

kleiner perkins released a statement at the time saying they were shocked by his comments and did notgree. the next day, he came onto this program to apologize. he offered his own theory on how to combat income inequality. tom perkins: the solution is less interference. lower taxes. let the rich do what the rich do which is get richer and along the way, they bring everyone else with them when the system is working. emily: you are a multimillionaire. tom perkins: i am not a billionaire. i have created some billionaires and i am not one. emily: you have owned fancy yachts and cars and underwater submersibles. tom perkins: an underwater airplane. emily: are you divorced from reality? tom perkins: i don't know if anyone can answer that, truthfully. i don't think so. emily: the other cofounders just released this statement on his passing -- tom was a pioneer in the venture capital industry. he defined entrepreneurial venture capital. going beyond just funding to helping entrepreneurs realize their vision with operating expertise. he was there at the start of the biotech industry. he was ou

these companies -- this is a cyber security company, it's backed by big names like blackstone and kleiner perkinss a company that is making moves and taking steps toward going to market, which is an unusual thing these days. tech ideas,k across one of the big complaints is there's no supply here. this one is taking the steps to go public and give an exit. emily: mark andreessen yesterday says ec's a lot of pent-up ipo demand. entries in horowitz is counseling their companies to be ipo ready. alex: which hasn't really been the case. as i cannot here, there seems to have been a shift. was this idea talking to vcs and executives saying we don't want to deal with reported quarterly results. it seems like there has been a reality check injected in which has set this timeline for 2017. and the demand side ring is interesting. we have had this year where investors have then a verse to risk. a lot of the demand earlier this year was just not there for we are out -- we are at this turning point were offerings have gone well and the buy side has set i want a little more risk. i want something that is poten

he cofounded the venture capital firm kleiner perkins caufield & byers. ellen pao lost a gender discrimination case against that firm. >>> jennifer lawrence will play a ceo elizabeth holmes in a film about theranos. they are under fire about the accuracy home blood test kits. holmes was at the top of the self made billionaires list and she went from $9 billion to zero. >>> a high level meeting between hillary clinton and a potential running mate. hillary clinton met with elizabeth warren earlier today. tonight we're asking you who would you pick for the democratic ticket? tweet me at #ewengerkpix and watch to tweet me at #ewengerkpix and watch to tweet me now at #veronicadlcruz. join us for nightbeat; come join us at 10:00 on our sister station, kbcw 44/cable 12. >>> the commander-in-chief was another proud dad. the big milestone for the first daughter. >> it is a chilly friday evening in alameda. but it's summertime. it's time for a summertime concert on the water. details and your weekend forecast coming up. >>> coming up in sports, the giants get a key

perkins cofounded the venture capital firm kleiner perkins caufield and byers in 1972. it's early investments in genentech genentech, google and sun microsystems helped establish silicon valley as a global technology capital. >>> a young mother killed as she rode in a car. her family's emotional plea tonight for clues in the case. just days before she was set to graduate. >>> pretty cool out there, certainly was today. but there are changes coming. a warm-up as we move towards the weekend. >>> b.a.r.t. is going to voters with a plea for money. bart's board of directors voted today to put a $3.5 million bond on the november ballot. ktvu's jana katsuyama is live now in walnut creek to explain how that money would be used. jana? >> reporter: julie, the boards vote was unanimous. the money would go to safety improvements, they say the rails are so old that they desperately need to be replaced. bart ridership has increased with more than 420,000 trips every weekday. but officials say fares alone can't cover projected infrastructure costs down the line. >> it helps new train

a partner at kleiner perkins which has backed disruptors such as uber says these challenges to taking their companies public puts even bigger pressure on finding truly disruptive companies. >> what that does for us is really make us double down and get even stronger conviction on our long-term strategy. again, we are not investing for a 12 month horizon or even 24 month horizon. we are thinking about how entrepreneurs and technologies and companies can be disruptive to the world for the next 10, 20, 100 years. >> reporter: though the ipo drought has raised concerns about venture funding drying up, that's making the established disruptors even more appealing. the companies on this year's list raising nearly twice funding than last year's list. jerry chen's company has backed a number of companies on past lists and says there's more potential now than ever. >> now you are a car, a watch or phone, your house, now has technology in it. so when technology's everywhere, every industry should be a software business, every industry is a technology business which is why everything from health

this ipo drought shifted focus in kleiner perkins. >> we're thinking about how entrepreneurs and technologiesdisruptive to the world for the next 10, 20, hundred years. so when you think about it through that type of a lens, it does allow you to really be more patient about what is happening now and not be distracted. >> two of last year's disrupters did go public. but investors are hoping for the most part that staying private longer will translate into an even bigger payoff. so who would be number one on your disrupt eer 50 list? tweet me. andrew? >> julia, talking about disruption isn't the idea the companies are staying private for so much longer disrupting the business model these guys work with, to say if you can't have and realize a real exit a lot of the profits to the extent are paper profits still. >> for venture capitalist. >> yeah. >> it's changing the game. i think we're seeing a lot of massive acquisitions. look at acquisitions like google of nest. nest was on the disrupter 50 list. a number of these companies that were snapped up by facebook for millions and billions of dollars