and mary meeker absolutely owned the room.as very charismatic and really forthcoming about her experiences. liz: okay. she owned that room, and she was saying that ellen pao couldn't own the room when it came to pitching start-ups to the other partners at kleiner perkins, but she's simply saying it was ellen pao's lack of ability that got herred and not the fact -- that got herred. what did you hear that changed your mind or solidified what you thought? >> i'm trying to stay impartial here because we still have something going on -- liz: okay. >> but a lot of the allegations was that ellen pao wasn't invited to certain things and wasn't included in certain meetings and events, and pao's case is that she was a female. mary meeker shot that down in a lot of ways, though, because she was invited to a lot of these events, was very included and respected at the firm and, of course, or she's also female. so what kleiner's really saying is elle an pao's reason she didn't succeed was because she didn't measure up. liz: here's a quote.

>> well i mean having mary meeker was brilliant from the defense side because mary will just call it as it is. mary say senior partner there, and she does a great job. it's really interesting, i represent a lot of people at different venture capital firms. people were taken back by. this nobody thought about gender issues anywhere in the venture capital world. most of the people i talk, to a lot of conversations around this characters no one sees it because firms will pick the best people. they have two jobs at a venture capital firm, raising money from institutional investors and hoping to find the best companies, and if someone is performing, guess what, gerri they're going to bring the money in. gerri: people thought of it less as vc and more like hey, you're in silicon valley, the heart of tech land. generally male and pale and kind of a playboy's paradise really? this is a world where people worked around the clock with a lot of guys with tech experience working in fields that are typically male dominated. >> yeah, i got to tell you, i've been there many times and i have yet to

pimm: mary meeker testified as one of them. what were the councils looking for to learn what, about how women are excepted are not accepted in silicon valley culture? cory: they had a woman who was once one of the most junior analysts of morgan stanley and scorned with abusive from all of the traders back in the 80's and early 90's when she recommended crummy tech stocks. she knows how bad wall street can treat women. when she goes to a place like kleiner perkins, she had a very different experience and she was able to say when she sat in the superior court, she was able to say that working at kleiner perkins is one of the best jobs in the industry. and having worked right on wall street, she can see what the worst in the industry is in terms of treatment for women. having that perspective from a kleiner perkins senior partner who is able to say that at least one of the trips that ellen pao was excluded from, actually, i was invited to that trip. i didn't want to go. it countered the narrative that women were saluted and men we

she worked closely with former analyst mary meeker. she is the second high-profile banker to become a technical cfo in recent months. the question is, is this the latest trend, leaving wall street for silicon valley? steve, this is an interesting move. i don't know if it says more about wall street or more about google. steve: it is an interesting move. the hot topics right now are deals, and gender diversity is a super hot topic. google choosing a woman to be the cfo is very powerful, but it's an opportunity for any cfo to take on. there's so much going on with google right now. cory: i looked at the balance sheets of both companies and google has 40% more cash and equivalents. it's hard to imagine going from morgan stanley to a bigger financial powerhouse, but she has done that. steve: absolutely. if you look at the diversity of the opportunity she has and the different opportunities, it's got to be exciting for her. whether it is solar energy, driverless cars. google has their fingers in lots of different rings. it looks like what g

mary meeker said on the stand kleiner perkins is the best place to be a woman in the business.rad, there is a great it is a story called the story that that makes the shudder. guest: kleiner is one of the brightest lights in the venture capital universe and it has done the best job of bringing women into the firm, of evangelizing for female-led entrepreneurs. here they are sort of ironically being hauled into court by one of their junior partners. it is also -- this is the story we have worked on this week. the trial demonstrates a lot of what the valley is talking about. in the wake of sheryl sandberg's lean in, not about these very visible forms of sexual harassment in the workplace. that is what the ellen pao case is about. whether she was treated differently than the male partners. cory: i want to get to the specifics of the case. i think that is why this resonates. here we are, two white dudes but that is kind of a common scene in silicon valley, where men far outnumber women, where white dudes and asian men outnumber women as well in the workplace. guest: when the case wa

mary meeker also came originally.son i love. >> she was on the sell side at morgan stanley but then went into venture capital. >> class of '79 stanford. she's a seasoned hand very smart from -- >> porat. >> yes. >> going back out to california. >> yes. you know that's her roots. >> that stock is responding positively. of course the current cfo as we pointed out, wrote that long good-bye e-mail telling us that he was going to be climbing mountains. >> i loved his good-bye. it played me think -- i'm a reflective person, as you know and it made me think for 35 40 secondizes i should do what they're saying backpacking. >> the key question with porat, can she shift sentiment on the stock regarding capital allocation? >> i think she can. >> that's the question. >> i think she can. >> can she, will they let her? >> why would you hire her if you wasn't to? why would you hire anthony noto at twitter. these are not f-troop people. >> facebook that stock also up this morning. >> did you read that article? >> $240 billion market

well tyler, while cliner perkins is being sued for gender discrimination, it actually has a woman, mary meeker at its very highest level, which is more than any of the other top vc's can say. a look at excel, hor owi tz sv angel, graylock finds not a single woman at that top investing level. in fact, women comprise less than 6% of decision makers at usvc firms that have raised over $100 million over the past six years. now, compare that to the executive ranks at say, facebook which is 23% female at that executive level. google's executive ranks 21% female. women are better represented at smaller vc's. they're 14% with under $50 million in assets under management. that's according to pitch book. it's not all bad news. women are better represented in roles including marketing partners cfo and coo. mark just founded a boot camp to give women the background they need to sit on boards. plus, we're seeing the rise of female driven funds. aspect ventures which has raised reportedly $150 million, which is large for a first fund was founded by women from two leading vc's. they say their mission is the