paul holland, worth noting he was previously vice president with pure software.have you with us. it's going to take not only months but years. where to put your workers, where to invest in real estate, where to take out leases, that kind of thing. very important for a lot of businesses. how has this changed the landscape for you? >> i think for companies just beginning their efforts, just as we adjusted to the brexit. as you know, i ran a european operation for pierce software and worked for reed hastings, and we chose to go to amsterdam in that case, in part because we wanted to be on the continent. i think people will be looking at places that are still within the eu, as they adjust to the news of the uk kind of pulling out of the -- >> how much do you work that other countries pull out, too. the worst-case scenario is just the first domino. >> i think there's many winners and losers, some in the tech sector, and when you start looking at things like what's happening across europe now, all of the extreme right-wing parties, what the historian calls the ethno-na

paul holland joining us from foundation. find "binge" starting today on youtube, hulu, apple tv or cnbc.com/binge. later today, a conversation with carl swanson of "new york" magazine and a.o. scott at facebook live, 2:00 p.m. >>> google ventures was an original investor in nest before the company was then bought by google for $3 billion. what went wrong and what can google do to turn things around? a partner at google ventures will join us. >>> investors waiting on janet yellen. the fed chair will speak at 12:30 eastern. we will bring it to you on cnbc. >>> coming up on the halftime report, we will be covering fed chair janet yellen's highly anticipated speech in philly and the instant market reaction. plus we are live at the super bowl of pharma, where we will talk to the ceo of roche pharmaceuticals. and barron's is calling for a 20% rally in whole foods. what do our experts think about that? looking forward to seeing you guys in about 15 minutes. >> sounds good. see you then. >>> speaking of barron's, are unicorns killin

also noted investor paul holland will join us. he has insight into tech and europe. that and mowre on "squawk alley." qo:é@d8j8j8j >>> good morning. it's. >> caller: -- 8:00 a.m. out west, 11:00 in the east, and "squawk alley" is live. ♪ >>> good morning. i'm jon fortt. stocks rebound a bit. right now the dow is up about 1%, 145 points, the s&p and nasdaq doing even better, this as the heads of the eu are said to meet in brussels. wilbert frost is live in london with more. >> reporter: yes, all the leaders are here now. they've had their usual family photo. they managed to put slight smiles on their faces, of course those strainedat

my fondest memory was when my partner, paul holland, filmed a documentary about the venture capital industryd something ventured. and tom perkins was featured in the documentary quite extensively. and he was interviewed in the cabin of his yacht with his big bright ascot and you could see in the back windows the yacht was kind of floating. you would not have known it was such a big space, and it seemed at that time he was enjoying life and the fruits of his labors and building the venture capital in the late '70s. >> he's gotten so many companies off the ground thanks to his funding. he will be missed. charles, we wish you well in d.c. safe travels back out west and have a great weekend. >> thank you, and you too. >> charles moldow from foundation capital. >>> ahead on the show return to the topic third party payment process stripe making big marks getting backing from heavy hitters including elon musk. we'll hear from stripe's founder. much more "squawk on the street" ahead. thank you. ordering chinese food is a very predictable experience. i order b14. i get b14. no surprises. buying busin

paul ryan finds himself on the inside of an issue. both are rejecting donald trump's call to ban muslim from entering the u.s. president francois hollandee a long time to defeat terrorism. the attacker was later killed and three suspects are being questioned. over fours powered by -- 2100 journalists. coming up on the program, staying ahead, tech and financials led the way last month. they've been the biggest laggard in june. the ceo of highlight capital joins us next coming up. ♪ 2016 has stephanie: not been stephanie: good to many hedge funds. hedge funds are now trailing the s&p 500 by the most at any point this year. ,ne could be bucking the trend named among the 50 top performing hedge funds in 2014 by bloomberg. it has about $3 billion of assets under management and jacob dobbs joins us now. good to see you. hedge funds have gotten really her and a lot of that rest. are they calling you up and freaking out now? >> i would point out that not all hedge funds are the same. every hedge fund has a different strategy in a different portfolio. i read about hedge funds having troubles but plenty of funds have different kinds of investment