marc andreessen is a visionary. i love marc andreessen.ld pay attention to. so i definitely agree with what marc is saying. i think it's a different world than 1999 -- >> but is that good or bad? i guess that's a good thing, right? but i'm thinking through what does that mean? does it mean that the infrastructure, the cost is so much lower now so there's a lot more successful companies and that's a good thing or does it just mean a lot more players chasing after a similar kind of space? >> it's a great thing. it's a different world now. technology is what fuses everything. it's in your house, it's in your car. everyone -- the smashrtphone market is ridiculous and growing globally. there's huge opportunity with tech. everything is going tech. >> dom, i just worry when something sounds like it can't fail. it's a no lose. >> that's what my dad always told me. if something sounds too good to be true, it probably is. technology has not led the way higher since the depths of the financial crisis. it hasn't really been the leadership role. what g

obviously marc andreessen has built a fabulous firm.hey have been more in front about talking about these are processed. sequoia has done many of those things from the beginning. we just hired someone to head up our recruiting services and make sure we have the best talent in all our companies in the midwest. getting talent is on them for thing. >> you mentioned kleiner perkins. the cofounder recently joined us. he got a lot heat for his comparison of the war on america's 1% to nazi persecution of the jews. from your position where you are, what you make of his comments? >> unfortunately he made some very poor choices in analogies. it is really poor. it is sad. he is on a college man who made some mistakes. it sounds like he has stepped back from some of those comments. >> do you think kleiner perkins should take his name off the door? >> any firm or you have multiple founders -- he has not been with the firm -- he has been with the firm for many years. many people just call the firm "kp." that is one of the things about firms that have

you heard marc andreessen talk about this tech depression.st money" freestyle. we'll track the cisco conference call. that's one tech company that may be in its own depression. much more so in the after hour session. we have the ceo of fire eye, a high value stock, one of the best ipos in 2012. dave dewalt will sit down with me for more on his stock. >> it's going to be a great one. half an hour. that's coming up after this. melissa, thanks very much. we'll let you get to it. what did you think will be the impact on the auto industry if workers unionize in the south? c carmine saying union leadership has ruined every industry they have touched including government workers. william tweets, growth in union workers means growth in the middle class, don't let anyone tell you different. look at history with seven exclamation points. two polar opposite views which represents how people feel about this subject. steph, is there a trade you make off this one way or another or is this a wait and see? >> i new you have to wait and see how it plays out b

activist investor carl icahn sent another letter complaining about the conduct of john donahoe and marc andreessenlling on icahn to end the charade saying that the letters are entertaining but not factually accurate. heading up steady right now, 57.52. adam: going to pot. san diego passes new laws to allah the sale of medicinal marijuana but there's a catch. that is in your minute. cheryl: target and the new hotels. ♪ hi, are we still on for tomorrow? tomoow. quick look at the weather. nice day, beautifutomorrow. tomorrow is full of promise. we can ce back tomorrrow. and we promise to keep it that way. driven to preserve the environment, csx moves a ton of freight nearly 450 miles on one gallon of fuel. what a day. can't wait til tomrow. like carpools... polly wants to know if we can pick her up. yeah, we can make room. yeah. [ male announcer ] ...office space. yes, we're loving this communal seating. oh, it's great. yeah. [ male announcer ] the best thing to share? a data plan. ♪ new at&t mobile share value plans for business. our best value plans ever. for example, you can get 10igs ofata to sha

marc andreessen says this exact same behavior pattern is often found in the best performing companiesany space and in the worst performing in that space. do you agree with that? >> in no case will anybody advocate for that sort of behavior but when the results are bad or things are not going well, emotions take over. in a situation like this, at pimco, obviously emotions got the best of them. what you don't want to do is stick the employees in the middle of this dog fight. it makes everybody uncomfortable and no one knows who to pick. you pick the wrong side, you will end up outside. >> i can jump in here. in the video clip we just showed, there was the owner, the founder of the business who says i'm the smart guy here, i'm the founder of the business. bill gross was the founder of pimco. it's very tough when you're an employee, a hired hand, to take on that founder, isn't it? and how can a founder be smart about listening to the opposition or the dispute of an employee? >> bill gross is a genius, no question about it. but he didn't get there by himself. i think that's important to re

icahn, they are cot cook fowntder of intuit and marc andreessen and he attacked the integrity of our donahoe. they have my full support. over the last six years our company has been led through a significant turnaround a job many people thought was impossible and in that he's driven paypal's growth and brought a renewed focus on innovation across the company. >> i don't know. because the attacks are so brutal. in carl icahn's note he says, the idea that -- >> this is a new one. this is the third. yesterday he came out with one. today he follows it up. he must be a little bored. >> here's what people at home can really understand. the analogy. having mr. cook on the board while planning paypal's future is akin to having pete carroll sitting in when the denver broncos were constructing their game plan during the super bowl. that actually did happen. illusion how bad the broncos played. >> don't rub it in. >> what you are really saying in this charge is it's treason. he's saying corporate treason, all right? >> although, again, to this idea on skype in particular where icahn has attacke

now we're seeing real money coming from venture capital industry, marc andreessen invested $25 milliona company coiled coin base, fred wilson in union square investing in the same company. you have the who's who of venture money building the next group of companies that will make it easy to buy -- >> to some extent, barry, these guys, they have nothing to lose. they have their money to lose, but what i mean is there's an investment here, an opportunity, and these currencies have proven if you get in early, you might capture more of that benefit as they're built out. that's a different thing than saying this is something that's safe for the general public. >> you have to separate bitcoin the digital currency from bitcoin the technology. there really is no debate that bitcoin as this protocol, as this technology, it has the potential to radically transform the way people send money, the way merchant's accept payments and that's where all the money is being invested. i don't think you can separate the currency from the in fact because you need the monetary base and quite frankly the excha

andreessen, come on this show, david, that's the right takeaway. come on the show. >> anytime, marcively docilely convalley rally around andreessen and start speaking out in favor of what we know is a unique corporate culture in a small town, a small company town. >> i had dan hesse on from sprint and there would be a time when i would say, dan, dan, how about verizon, how about at&t, how about google, how about facebook? these company have all blurred to the point that everybody is competing. these were not competitors five years ago. >> and now they may be. and payments we know is very important. jamie dimon talking yesterday about silicon valley conceivably becoming one of his biggest competitors at jpmorgan chase and he's talking about things of that nature. >> i was shocked. i thought it was wells fargo. little did i know. >> a company you never heard of. >> it could be whatsapp. >> silicon valley going up against jpmorgan. >>> cramer's "mad dash" as we count down to the opening bell. a lot more "squawk on the street" straight ahead. then don't miss sleep train's wbest rest eve