valley. ♪ emily: i sit down with sir michael moritz.e british capital and a british knight. since joining sequoiahe has invested in some of , silicon valley's most famous companies, including google, yahoo!, and linkedin. i asked him about the lack of diversity in silicon alley. and why sequoia still doesn't have any women partners. sir moritz: i genuinely believe we are in line to so many backgrounds, religions, we have more different nationalities working at sequoia -- it is a very cosmopolitan setting. the fact that we have embraced china, india, it shows that. the real question you might have is why, for example, aren't there more women? we have many more women working in our china business than we do in our u.s. business. why is that the case? the issue begins in the high schools. women in america and also in europe tend to elect not to study the sciences when they are 11 and 12. the hiring pool is much smaller. emily: you think it is a pipeline problem? some would say you are not looking hard enough. sir moritz: we just hired a yo

then sir michael moritz decided y's luck and venture capital. he joined the boards of google and yahoo!, then took a step back for a rare health condition he has never revealed. ,oining me today on "studio 1.0 , chairmanael moritz of sequoia capital and co-author of the book " leading." you cowrote this book with another sir, sir alex ferguson. what drew you? i always followed united. not as a raving fan. as the young boy, i followed them through the years. the working hard to help build sequoia, i was very curious about organizations that had succeeded for a very long time extremelymed at an high level, particularly organizations that had been run by one individual. and there are just not that many. emily: you have both been tasked with taking undervalued assets and making them profitable. he grew up in scotland and i grew up in wales. both of us have an outsider's mentality. and i think a fair amount of a work ethic. emily: he is credited with transforming the faltering club into a thrill billion dollar -- $3 billion public company. what are t

then, michael moritz decided to try his luck in venture capital.e went on to become one of the most heralded investors in silicon valley history, joining the boards of google and yahoo!, then a few years ago took a step back for a rare health condition he has never revealed. joining me today on "studio 1.0," sir michael moritz, chairman of sequoia capital and co-author of the book "leading." thank you so much for joining us. sir michael: it is a pleasure. emily: you wrote this book with another sir, sir alex ferguson, legendary manager of manchester united. one of the legendary names. what drew you to this project as a journalist turned tech investor? sir michael: i always followed united. not as a raving fan. as a young boy, i started to follow them and i followed them through the years. then working in silicon valley, working hard to help build sequoia, i was very curious about organizations that had succeeded for a very long time and performed at an extremely high level. and particularly those organizations that had been run by one individual. a

joining me today on "studio 1.0," sir michael moritz,

emily: by the way, mike moritz has a history degree.itz credits his success on the fact that don valentine took a risk on him. >> what did you find? >> republishing this on medium. -- we're publishing this on medium. of the top 100 investors on midas, 95 our men and five are women. 61% have a degree in a stem field. that means the rest do not. almost 40% of the midas list does not have a stem background. if we look at the split between men and women, 61% of men on the list had a stem degree. 80% of the females on the list had a stem degree. andink when people use stem a stem background as the excuse for why women are not becoming unconsciousoints to bias specifically. let's look at the top vc's in the world right now. peter thiel. mike. three of those four were philosophy majors. to the topeir way not needing a stem degree to get there. our believe is, there's a combination of many things that make you successful. we want to talk about the journey of a female vc. it cannot be the narrative that there are not enough qualified women becau

moritz: i don't think anything has changed in china.erlying consumer demand remains very strong. we have built our own business there over the course of the last 13 or 14 years. a very robust business. some wonderful people. it is no accident that seven of the 20 most valuable internet companies today are chinese. over the next 20 years there is going to be far more business the technology companies that get started in china and get started in the united states been there has been over the last 20 years. moritz: i am always struck by chineser people who run companies are to learn about their american counterparts. how frequently they come to the united states. jammed their schedules are when they come here. i wish the ceos of silicon valley companies did the same thing in china. i think we can learn a lot from them. the products are different the services are different. silicon valley company aspires to be a global company china is going to be a very big part of the future. we tried not to make the mistakes that we watched others make.

then, michael moritz decided to try his luck in venture capital.n to become one of the most heralded investors in silicon valley history, joining the boards of google and yahoo!, then a few years ago took a step back for a rare health condition he has never revealed. joining me today on "studio 1.0," sir michael moritz, chairman of sequoia capital and co-author of the book "leading."

joining me today on "studio 1.0," sir michael moritz,

another woman tweeted -- moritz e-mailed me this morning saying there are many remarkable women.e working hard to find them and would be ecstatic if joined. coming up, charitable foundation or investment vehicle? we will take a closer look at mark zuckerberg's new initiative. ♪ emily: some say mark zuckerberg's plan to donate 99% of his facebook shares over the course of his lifetime is setting a new standard for philanthropy. we break down the estimated $45 billion gift and how much he is worth without the stock. caleb: in a letter to his newborn daughter in which he shares his hopes for the future, mark zuckerberg announced he will give away 99% of his facebook stock over the course of his life. that is a lot. he is worth $46.8 billion according to bloomberg billionaire index. $1 billion of that is in facebook stock. quick math -- that is $45 billion for the chan zuckerberg initiative. to put that into perspective, that means the initiative will have access roughly equal to the melinda gates foundation. unlike that foundation, it is structured as a limited liability corporation

then, michael moritz decided to try his luck in venture capital. most heralded investors in silicon valley history, joining the boards of google and yahoo!, then a few years ago took a step back for a rare health condition he has never revealed. joining me today on "studio 1.0," sir michael moritz, chairman of sequoia capital and

(soundbite) (english) moritz stefaner, selfie city researcher, saying: "we use automatic image analysisw much do they smile. it turned out the london scores for the smiles are actually the lowest . this doesn't really mean they're unhappy people it just means they're very compsed when taking a photo." este investigador cuenta que el anlisis automtico de imgenes les permiti detectar algunas caractaristicas de las personas en los selfies como por ejemplo qu tan enojados o calmados lucen o qu tanto sonren. . (soundbite) (english) moritz stefaner, selfie city researcher, saying: "if we look to sao paulo for instance we can select it here on the map, we can see that people have quite cheerful faces. and they tend to tilt their heads quite strongly wn king soware that we ilt we can find all tse patterns. ife jumpo london again ces more seriousnd sometimesstraigh is, it might be a weather thing, it might be some other cultural difference." las personas que se toman selfies en londres son las que menos sonren y son tambien las que ms cierran los ojos... en contraste, las sonrisas ms grandes se

emily: i recently sat down with mike moritz. he said some things that became very controversial.re looking for strong women, but they were not prepared to lower their standards. he did a mend his remarks. -- he did a meant his remarks -- amend his remarks. what are your thoughts? there are some very talented women. emily: what he said, does that bother you? padmasree: of course, it bothers me. who feelsother anyone they are competent and capable and can do the job. we have to be careful that we do not think that women have to do more to be recognized. we have to create an environment where talented women can accomplish what they want to accomplish. so many women i know and you know in the valley and in the a lot of women start their careers in the tech industry. they leave in a few years because they do not find the environment fostering or inclusive. emily: do you think you are treated differently? padmasree: of course. people notice the fact that you are a woman. to me, that is a good thing. the fact that people remember my last name. emily: it is the best last game ever. padma

joining me today is sir michael moritz. europe wrote this book with another sir, alex ferguson. he is one of the most revered names and football. what true you to this project as a tech investor? michael: as a young boy and started to follow them and i followed them through the years. working in silicon valley to build sequoia, i was very curious about organizations that had succeeded for very long time and performed at an extremely and particularly those organizations that had been run by one individual. there just are not that many of them. you have been tasked with taking undervalued assets and making them profitable. michael: he grew up in scotland and i grew up in wales. both have an outsider's mentality and a strong work ethic. emily: is credited with transforming this faltering club into a $3 billion public company . what is the key to his success? michael: i wish i'd done this or thought about all these topics 30 years ago. i certainly would been far more effective. three years, developing people inside your organization. particularly young people. bringing them along. i

. ♪ emily: i sit down with sir michael moore it's -- moritz.d in some of silicon valley's most famous companies, including google, yahoo!, and linkedin. i asked him about the lack of diversity in silicon valley. oritz: i genuinely believe manye in line to so religion, we have more different nationalities working at sequoia -- it is a very cosmopolitan setting. the fact that we have embraced it shows that. the real question you might have is why, for example, aren't there more women? we have many more women working in our china business than we do in our u.s. business. the issue begins in the high schools. america and also in europe tend to elect not to study the sciences when they are 11 and 12. the hiring pool is much smaller. emily: you think it is a pipeline problem? some would say you are not looking for enough -- looking hard enough. hired atz: we just young woman from stanford. what we are not prepared to do is to lower our standards. bright, are fabulously driven women who are really interested in technology, hungry to succeed, and can m

then sir michael moritz decided y's luck and venture capital.oards of google and yahoo!, then took a step back for a rare health condition he has never revealed. ,oining me today on "studio 1.0 " sir michael mor