. >> we might have questions opening it up for public comm t comment. (calling names) >> good afternoon commissioner president fong and commissioners adrian lead organizer for carpenters local 22 in san francisco and just to let you you know we fully support in project will will bring work to our membership and the reason we're actually, i think one of the biggest reasons we support it something i like seeing it is a local significant try contractor if you, you don't know this company the license number is 92 which i think about last year, we went over one million licensed contractors in cool so that goes to show you i think 1929 they started so this is definitely a local significant try general contractor and want to see this thank you. >> good afternoon robert mccormick representing digital software i didn't bring my crews i'm under dressed we're a tenant on howard and occupy the 4 and 5 floors so this is important for us 20 years ago it was born in san francisco we've grown up in san francisco we're proud to call 875 our home it is an important piece

. >> chair peskin: seeing no other members from the public will close public comm (off mic) >> >> (backgroundnversations) >> we're now back in open session. >> deputy city attorney john givner. (sounds like). the committee voted 2-0 -- >> chair peskin: madam clerk more business? motion not to disclose is adopted. is there any more business before this body? we are adjourned.hour. >> good morning, everyone and welcome to the people's palace and i'm here this morning to announce yet another milestone in our city's commitment to raise the minimum wage to $15 an hour by and people will work this fourth of july weekend

public markets aren't needed. >> you know, it's a fair point. the way that we see things at y commrly stages of the company is it can take eight to ten years for an investment we make to eventually go public. so, yes, there are definitely cycles you see on the public markets. and this year's ipo market looks okay, but we try not to think too closely. and if we overcorrect either on the upside or downside because of what's happening in the public markets, we're going to make mistakes in our investments. and i think a lot of venture capitalists feel the same way. they try to invest on what they think would be good businesses that could be very, very big and to not overcorrect on what the markets are doing. that doesn't hold for the latest stage investors. you'll notice that late-stage venture capitalist invest differently, hedge funds invest differently and more tied to ipo. at the early stage we try not to pay too much attention. >> in the beginning you named sectors attracting a lot of attention right now, health care, housing, when do we start seeing the fruits of those companies