for more, i want to bring in greylock partners co-founder and board member of joby, reid hoffman. e you with us. a strong debut. you are sponsoring a few specs. you could -- spac's, but you could sponsor anything. why joby? reid: it has that thing that moving urban transport, uber meets tesla in the air. that can transform commutes, stop gridlock and not have the climate impact. to do all of these things in a way that makes cities healthier and more fun, and more ability to get around. that redefinition of transport, of networks, is one of the things i have been doing over the last five years to seven years. i did once i saw it, this is a new network. networks are how we transform our work, our experiences, networks, i understand. emily: we have all imagine that jet sony and -- jetsons future. we are not there yet. is this realistic for one billion people. how does the scale? does it reinvent transportation, or just augment transportation? reid: reinvention is in part augmentation. you will have ground cars. you will be moving heavy things around. there will be various things on th

greylock partners and reid hoffman.peak about joby aviation, going public, and when the life of the jetsons becomes a reality. this is bloomberg. ♪ >> this is a new mode of regional transportation that is safer than driving, faster, and just as affordable as ridesharing today. emily: part of my earlier conversation on the future of urban air travel with the ceo of joby. the company going public to date in the spac deal, at one point climbing close to 40% above its opening price. for more, i want to bring in greylock partner, linkedin co-founder, and board member of joby, reid hoffman. great to have you with us. a strong debut. you are sponsoring a few specs. you could sponsor anything. why joby? reid: it has that thing of moving urban transport, uber meets tesla in the air. that can transform commutes, stop gridlock, and not have the climate impact. and to do all of these things in a way that makes cities healthier and more fun, and more ability to get around. so that kind of redefinition of transport, of networks, is o

we will bring you that conversation with reid hoffman.

i spoke to your partner, reid hoffman, about how over the past few months, you have been doing some deals you are never meeting the entrepreneur in person. now we are seeing all of these huge companies pushing back there returns to work. i spoke to venture capitalist bill gurley about how he thinks this will change silicon valley for good. >> the competitive pressure to not go back amongst engineering is huge. and so, i don't think anybody will be able to mandate it other than very small companies. emily: he is basically saying almost any company will not be able to get engineers back in the office. would you agree and what does that mean going forward? >> i think it will be a mix. i think with ceos back in the office, people want to be around the ceo or the founders. there will be a large workforce that will not want to go back to the office. i think what happens, the skills that you need to succeed is very different. before, maybe in person communication was a skill to have. now, written communication, asynchronous communication, video communication, that becomes more powerful. before,

emily: reid hoffman will be on bloomberg tech later today. this uber meets tesla in the air. imagine an air taxi whisking us away. how much of that traffic you imagine coming down? how would we designed this a sometimes this category is called uam. we do not love that. we think about this as connecting cities to suburbs and cities to nearby cities. this is a new mode of regional transportation that can be safer than driving on the ground and certainly faster and just as affordable as ridesharing today. guy: let me jump in. what are the challenges -- you have a certification challenge, you have a scaling challenge, and then you have sky ports, where will you build these things? can you walk me through how you will solve those and which represent the biggest challenges going forward? paul: sure. this is a team that is been working on this problem for the greater part of a decade. we are not new to the challenges this industry faces. what we have seen is the technology -- the airport is performing as we intended. 150 miles on a single charge wit

reid hoffman involved in that spac business., opened at $11.20 a lot of talk about an ipo land. a lot of push back on prices we're in a quiet period in august always happens in august we didn't end well in the last couple of weeks. it fell apart. seven ipos were postponed. why? because the buyers didn't want to pay the price, they wanted lower price and guys offering it just walked way from the deals essentially. we saw price cuts, companies went public. but dole, weber cut their prices aftermarket is the day after it goes public. you usually get a first day pop in most poiz the question is what happens after that they have been terrible in the last few months losing 8%. the average cnbc buyer that buys an ipo on the first day of trading loses money. that's getting push back we have a whole bunch of companies out there. you see the renaissance ipo, main basket of ipos that's been underperforming the s&p 500, and it's flat this year with the s&p 500 up 18% that's a real warning sign big names coming in the second half of the year