mark andreessen said, never naming it, these kinds of apps can ruin lives.'s a lot of negativity. some things are wrong, some things are mean. >> is that different than a tech blog? there are certain families of very mean content and comments. >> yes. >> building a business like secret successfully is incredibly difficult and a very rare set of entrepreneurs can pull it off. what i said was misunderstood, i think people's reflexive reaction misunderstood that the content that can be empowered on whisper or secret. if it's just your friends or friends of friends, the content is a result of people you know. maybe you should have different friends. think about who you are spending your time with if you don't like the content. when you are adding content from strangers, you are playing with fire. secret does a little bit of both but if they steered more toward friends and friends of friends, the content could be a little more elevated. >> it is certainly a hot discussion topic lately. stick around. we will talk about ebay and paypal what our special guest, keith

board member, the ebay guys make a very compelling argument that having someone like mark andreessens fingers so deep and everything in silicon valley -- is it problematic as well? >> you could make the other argument equally as well. frankly, i don't see why he would remain on the board to tell you the truth, given what appears to be the risk of a problem. when you get to that phase, the right thing to do is step back and say there are other things to do where i can contribute. he's not the only human out there with that kind of talent. >> mark is a special talent without a doubt will stop but it's complicated. until recently, to public companies decided to resign from one. one of the reasons is yelp will be dominating all of local commerce and it causes potential conflicts and my next job was to find the next innovative local companies. i have stayed on the board of zoom, payments company, because it has not caused any potential conflicts. me to be finding investments and if a public work service makes that more complicated, have to resign. but i think mark is easily capable of mak

mark andreessen is an outstanding board member. rocks that help them get through the tough time going through meg whitman. i think these conflicts have been -- mark andreessen has recused himself. i don't understand what it's all about. >> he is talking about perception here. how much does perception play into all this? matt and i have talked about this. if you were on the board at ford , alan mulally probably really wouldn't like it, even if it was an incredibly minor investment .n gm or another car company why is it tolerated more in silicon valley? >> there are so many different businesses, people have investment in so many different companies. that, and ieasure don't see any direct conflict here for these board members. again, why go back five years? this is an old issue, and i think it has been carefully reviewed. i think from the standpoint of good governance, you don't want to have conflicts. every board i have been on has been carefully reviewed. i don't buy competitor stock. there is a materiality rule about doing that, bu

. >> mark andreessen tweeted that they would never need facebook or secret, because these apps can ruin. some things are wrong, very mean. there are certainly some very mean content and comments on the blog. building a business like secret successfully is incredibly difficult in a very sad -- and it is very hard for people to do that. basically, people's reflective reaction, as understood quality of content that can be empowered on whisper or secret. it is just your friends of friends of friends, the content is really a result of people you know. maybe you should have different friends. maybe you should edit your address book and think about your spending your time with if you do not like the content. we add the content from strangers you're adding a lot of fire. think the content will be better and more elevated when he steered toward friends. >> a hot discussion topic lately. we're going to talk a little bit about ebay and paypal after this quick break with our special guest keys -- keith rabois. ♪ >> welcome back to "bloomberg west." ebay is in the heated battle with billionaire acti

just another day in a carl icahn-mark andreessen fight. womackhnson and ryan join us. has this thing gotten so ugly and so personal? about a slate of directors and the way the board of directors is constructed. it's going to be about people and it's going to be personal and carl icahn is willing to go there. what he has pointed to are what he thinks are some lapses in integrity and dealmaking that, by mark andreessen in particular , one of the ebay board members, who has made investments in companies ebay wants to own. and recent encounters he has recused himself of any discussions from the ebay board about skype. this suggestion by carl icahn is even so, the board would have benefited from his input. it's clear he's going to use every tool in the book to try to get the changes on the board that would facilitate a sale or separation between skype and ebay because he believes it's the best for the future. the next stepke is highlighting this research that came out that says 55% of shareholder surveyed think the board should change. what is the probability that will actu

. >> mark zuckerberg is excited about virtual reality. what platforms is andreessenitz excited about? what is next that you are focused on? >> a couple of things. one is enterprise generally. i do not think it is unique among venture capital community, there is going to be a turnover in the infrastructure, databases, networking companies, storage companies, we had a company we did an acquisition on that was a networking space. we continue to see interesting things happening. that is number one for us. and something that chris dickson calls the full stack startup, let me give you an example. a company like left, one of the companies in our portfolio. in the old days, they might build the technology to help people figure out how to optimize traffic patterns and pick people up and they might license that technology to other companies to better do their jobs. if they are not doing that, they are in the business of being a car sharing service. they are trying to integrate and two and the customer experience, using the technology and entering into the actual business and w

[laughter] was there something about the browser specifically, mark andreessen's browser there reallyed this? >> it was the graphics capability. tim focused a lot on tech and documents. allowing photographs, images, pictures and video to be easily accessible was extremely attractive to the consumer, especially to the businessman. one of the main applications the business world was interest in was e-mail. they saw e-mail being used by the research scientists. they wanted access. it was not easy to do. add to that, the graphics, images, video. an easy interface. the human computer interaction was the key missing element that we saw emerge in the early 90's. >> we know where the web is today 25 years later. 25 years from now, are we still going to be using the web? >> it is actually not very well-known, but the web started off as a graphical user interface browser similar to later ones. it did support multimedia at the beginning. there was a catch. it was done on a sophisticated machine from steve jobs after apple. tim berners-lee and his partner on the project, the team, asked for suppo

abouts there something the browser specifically, mark andreessen coming out of university of illinoisy accelerated this you go again, it was the graphics capability. text anded on documents, but allowing photographs, images, pictures and video to be easily accessible was extremely attractive to the consumer and business man. one of the main things they were interested in was e-mail. researchattached to do portion. they wanted access. it was not easy to do. at the graphics, images, and video tom and easy interface that the human computer interaction was the key missing elements we saw emerge in the early 1990's. >> so do we know where the web is today? 25 years from now, how will it so it isent? >> actually not very well-known that the weather started off as a graphical user interface later ones.lar to it did support multimedia of the very beginning that there was a catch. machine.ne on a very sophisticated machine from steve jobs after apple and no one else could see it. his partner on the project, someone on the team asked for support to put browsers on pc, mac etc.. they did not get

mark andreessen says were on the verge of a boom in journalism.y are going to cash in on content? our next guest made the move from journalism to venture capital. also still with us, chegg ceo dan rosensweig. you have a very well known blog. you were in tech journalism for 20 years? i will try not to date you. [laughter] how has the transition been from journalism? >> it has been 15 days. i don't think there is much of a difference except i don't have a publishing deadline, which is kind of cool. i get to not worry about writing a story in the middle of the night and worrying about what is going on in the planet. that is the big change. otherwise a lot of things are the same. i meet a lot of people, and talking to a lot of startups and small people. my day still starts at 5:00. >> you are not the first guy to do this. mark morris did this at sequoia. >> no pressure. >> how does your prior life as a journalist put you in a better position to spot potential winners out there? >> one of the key things as a journalist, which i at least think about mys

secret let you share subjects anonymously but not everyone is a fan including venture capitalist mark andreessened -- last week, the whisper ceo told me the company has a strict policy and what can be posted and he feels he is giving users of voice who may be felt they did not have one. apple tv is getting into the march madness mix. the atlantic conference is host to the blue devils. they are going to apple tv streaming. jon erlichman is in l.a. with more details. as i understand it, they are not offering full games but game highlights? exactly, the broadcasting rights are locked up for a long time. want tore apple and you grow something like apple tv, what are your options? one option is to cut deal specifically with conferences that have big fan bases like the duke fan base that want constant analysis and highlights. one mainstream is the company that built this app. the ceo joins us now. let's talk more about this tricky world of rights. why is it that these apps can be created when you have these monster deals that the broadcasters have signed for the live streaming rights? you pointed out,

mark andreessen had a motion that mt. gox had to die for bitcoin to thrive and survive.with that? >> i do. and i think one of the interesting things that happened was the new york department of financial services has called for applications on new york-based bitcoin exchanges. that would have been really difficult if gox continued to exist because with an exchange, the buyers want to be where the sellers are. and the sellers want to be where the buyers are. that liquidity was getting caught up in mt. gox. now with gox out of the picture, we have an opportunity for a start-up exchange to be based here in the u.s., which i think is going to give a lot of people a lot of confident. they're going to know there's going to be regulatory oversight from u.s. authorities that we can feel comfortable with. >> a start up exchange in the u.s. would it be like a second market that has designs to be in that space? >> i think what second market is doing is great. there's a number of companies that are looking at building exchanges here in the u.s. we have investment in a company that's

." >> i just mark andreessen, but i am wrong. >> twitter has nailed it.s tim cook. >> it is not! yes, it is! why does he go with such a tight haircut? >> he could rock the fro. >> you should channel that, seriously. >> this is why we love the yearbook game. i am not sure who the winner is. but there is a guy who nailed it right after we showed it for the first time. >> there you go. i got it wrong. adam, you got it right. tim cook, keep it real and let that fro go. >> have a great monday. have a great weekend. have a great monday too. upon us.madness is we are going to do a whole hour on the business of racketology and the ncaa championship, probably apologizing all our long. last time i voted against you and you did really well. >> we are going to end the week with "on the markets," and breaking news from scarlet fu. word from got bloomberg that alibaba is preparing for an ipo that could happen as soon as next month. as soon as april, specifically. his may or may not be a u.s. listing. alibaba had been considering a hong kong listing as well. i hong kong

mark an address sown is one of the -- marc andreessen is one of the main founders.is the goal of company? will you solicit advertisers from say like news companies? or are you trying to go to the twitter, you know, build it they'll come and what is the business plan here? >> i think we need to build it first. any investors, people like marc andreessen invested the reason they invested, the round came two weeks, the reason they invested, they were using app themselves. they came to conclusion how many apps i use every day that are not worth a billion dollars, whatever the new standard is. $19 billion i guess. cheryl: okay. >> we're focused on building this thing and sort of transforming how news is delivered across the web and across mobile devices an transforming how people consume the news. cheryl: right. >> we think that is profound thing, if we accomplish that, we'll look at market and see what add models most respectful of your users. we'll do that at this time. we're focused making a great product for people to love. cheryl: jonathan abrams. two of you made, cr

that's what -- i mean, even mark andreessen who has written extensively and convincingly on the topicbitcoin today it would be a good investment. >> i think the best defenses is not that it's a currency but it's ann enkripgs device. >> bitcoin bugs are like gold bugs. you are investing into something. a lot of people think currency is not a safe place to put your money, it's not proven itself yet. it's something used to buy things. >> value is dictated by perception. look at gold for instance, whether it's a currency or not, the price of it it's not -- you can't use gold. >> until you can make a wedding ring out of bitcoin, right? >> my wedding ring will be made out of bitcoins. >> actually, that's true. also, it was a true nightmare for fans of hbo series "true detective" last night. last night's show, the season finale, online traffic was so high it crashed. the cable network's hbo go website, hbo sent out a tweet saying due to overwhelmingly popular demand we've been made aware of an issue affecting some users. please try again soon. one of my favorite tweets is from a fan saying h

marc andreessen has caused you a human router or the godfather. you can connect anyone from markkerberg to ashton kutcher. how'd did you do it? how do you keep doing it? >> you build relationships with people by getting involved in business, investing in a company together, and helping the entrepreneurs solve problems. when you do that, you form lasting, lifelong partnerships and relationships. i started my career in the semiconductor business. many of the people went to work at apple. then they went to work at software startups. a lot of this old guard is still around. they are helping launch the new economy. >> founder and general partner ron conway. we will be right back with more "bloomberg west." ♪ >> you are watching "bloomberg west." i am emily chang. marc andreessen is defending his role on the ebay board after carl icahn accused him of putting his self interests ahead of the ebay's. because of false and misleading. -- he called this false and misleading. he said he refused himself on all liberations. he was part of the group of investors that acquired skype. salesforce h

marc andreessen has caused you a human router or the godfather. you can connect anyone from markkerberg to ashton kutcher. how'd did you do it? how do you keep doing it? >> you build relationships with involved intting business, investing in a company together, and helping the entrepreneurs solve problems. when you do that, you form lasting, lifelong partnerships and relationships. i started my career in the semiconductor business. many of the people went to work at apple. then they went to work at software startups. a lot of this old guard is still around. they are helping launch the new economy. general partner ron conway. we will be right back with more "bloomberg west." ♪ minutes after the hour. we are on the markets. we are looking at fox continued to deteriorate. the s&p is off the lows of the session and down by less than 1%. we are watching kroger and safeway. kroger is said to have approached safely about buying part of its operation. we will be keeping our eyes on the headlines for you. we are back "on the market" in 30 minutes. ♪ >> you are watching "bloomberg west." t

is more and more focused on actions of director mark andresen and the skype deal under which ebay sold skype to an investor group which in which andreessen'shad a small percentage ownership. this morning another, in terms of consecutive trading days, letters from icahn, at least third in a row. and we get the response quickly. we also have for the first time, mr. andresen's response and defense of his own actions on his website. in fact, i tweeted that out. apologies came out if it was looking like me. his website and his defense that i wanted to get out to people because it is the first time we've heard from mr. andresen. this morning the new icahn letter to ebay stock holder doesn't say much about paypal. it's wanting to know the truth about what happened with skype, raising questions about what ebay directors new about microsoft's interest in skype. 18 months later the investment group that purchased skype from eb ebay, but ebay helped 30% of the company and managed it from a higher price when it was sold to microsoft, about $8.5 billion. did mark andresen know at the time the group was purchasing a controlling interest from ebay that m

question corps protocol and so gavin andreessen our chief scientist that is his primary focus is leading the team for the big corp. is gavin andresen related to mark and noah but their names are very very good yet they're very also as are going to. be interested in the sun or something now. newsweek says that they found the inventor a big. comodo two part question first part is this the real founder and second part doesn't even matter well i'll ask the latter part for so it actually doesn't matter because the moto design the core protocol has designed it so that its inherent nature is to be decentralized meaning that over time the people who use the protocol and the coders who contribute to its code actually become the soto she so most of the code the original code has been written over we've only been around for five years and is he the real story and such an awful lot of the real nakamoto he isn't the same day he went ahead and told a.p. that it wasn't the reporter misunderstood. ok good to know he hearing it from the horse's mouth. now it seems like the u.s. government is going to begin regulating except are you working with any regulators dire

corps protocol and so gavin andreessen our chief scientist that is its primary focus is leading the team for the bitcoin corp i just is governed and recently rated you marknd jason no but their names are very idea out there very well so there's a great i. would be interested in the sun or something now newsweek says that they found the inventor of bitcoin potentially nakamoto two part question first part is this the real founder and second part doesn't even matter well i'll ask my answer the latter part first so it actually doesn't matter because i said so she nakamoto designed the protocol to designed it so that its inherent nature is to be decentralized meaning that over time the people who use the protocol and the coders who contribute to its code actually become desoto shoes so most of the code the original code has been rewritten over we've only been around for five years and is he the real story and such an awful lot of the real so nakamoto he isn't the same day he went ahead and told a.p. that it wasn't him the reporter misunderstood. ok good to know are you hearing it from the horse's mouth. now it seems like the u.s. government is going to begin