describe that maynard webb to me. i know you a decade later.s a tough guy in you. >> when you are in a company, there's always demand for dollars. there is demand for products. the list of things that people want to do far exceed your capability. honing and developing the capability to say no and lead people and feeling ok about it and understanding the process is an art form. over the years, i've had to say no so often, that i work hard to make it human. >> what is the process when you think you may want to say yes? >> we try to make it a very quick process. either a yes or a no within days. maybe a week or two max. company,ok at the sometimes my calendar is the problem. there has to be a meeting with me. i have to get excited every affiliate said. we will bet -- vet it. then we will say yes. it could be days if it is really hot. it is usually processed in a couple weeks. we tried to be faster. they are very responsive. >> have you ever said no to something that you wish you have said yes to question mark -- yes to? >> we have an anti-portfoli

she promoted maynard webb, who we speak too often on the show, if former executive at ebay, longtimexecutive, very respected person in silicon valley, now the chairman of the company. what does each of these people bring to the table? >> i think the fact they have a lot of traditional corporate america operational experience is what they are looking for. as you highlighted, with people like maynard, there is no shortage of good tech ideas that are fired around inside the boardroom. very clearly, marissa mayer has a very astute views on where the industry is going. but if you think about some of the challenges ahead for yahoo!, they are not actually the worst challenge is to have. a lot of cash coming into the company through the ipo of alibaba, and the decisions they have to make on how to use that cash. yahoo! had earnings this week. a lot of questions centered around the corporate wall street types of issues, as opposed to the underlying yahoo! strategy, which is clearly already underway. another thing is, you look at the yahoo! business, and on its own, beyond the excitement surro

maynard webb talking about his vc firm.ll be right back with more bloomberg west after this quick break. ♪ tv.elcome back to bloomberg i'm olivia sterns peered we want to bring you some breaking news. we have a bit of a market selloff underway. mark is down across the board. investors in particular selling shares of the companies that have had some of the largest gains last year. this selloff seems to be continuing. the nasdaq in particular is seeing the heaviest selling. down 2.6%. the s&p polling the most in two months, wiping out all of the gains it has made over the past two days. it down now since the start of the appeared at the nasdaq falling the most. slipping 4%.s are alexi on down 8.5%. facebook off five percent. about 6% now.ff more bloomberg west coming up next her a. cooked by renowned chefs delivered to your door on demand. munchery specializes in daily organic food cooked by in-house chefs. they're raising an additional $20 million in funding. scott is with us now in studio. he is a former managing director o