sir michael: it is a pleasure. ily: 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. and there are just not that many of them. emily: you both, in your careers, have been tasked with taking undervalued assets and making them profitable. sir michael: he grew up in scotland, and i grew up in wales. both of us have an outsider's mentality. and also, i think, a fair amount of a big work ethic. emily: he is credited with transforming this faltering club into a $3 billion public compan

sir michael: oh, we look very hard.just hired a young one from stamford who is every bit as good as her peers and if there are more like her, we will hire them. what we are not prepared to do is lower our standards. what if there are fabulously him think of bright, driven women interested in technology, it has been wonderful to have you on the show, sir michael. sir michael: good. ♪ sam: every year around november or december, many journalists will get an assignment that makes them feel -- >> gulp. sam: a little nervous. >> you are putting me on the spot. sam: they will be asked to write a story about what will happen in the coming year. >> the worst thing that a journalist can do is predict the future. >> i don't think anyone has made an accurate prediction wanted sam: we thought about the latest developments and medicine, transportation, and energy. story is we think will have a huge impact in 2016.

sir michael: i'm not sure i can make good investor. sir michael: we keep making mistakes.he venture businesses, other businesses we are in in sequoia -- very humbling pursuit here it as soon as you think you are good at it, you get chopped off at the knees. journalism was very helpful. you're often parachuted into stories. you have to get your bearings quickly. you've got to deal with imperfect information. and then you've got to have a point of view if you are a journalist or you make an investment decision if you are investor. you are trying to read people. you are trying to gauge sentiment. i found that i had been trained to make up my mind about a confusing set of information extremely helpful. emily: andreessen horowitz has perpetuated this idea that good vc's need to be former founders or ceo's. of which you are neither. sir michael: i think it's important to tell from someone's background whether they will be successful in the venture business. we have a lot of companies that sequoia. let there is room for lots of other people to succeed as well as. being in busines

emily: so what is next for sir michael moritz? sir michael: i have no idea. something will show up.derful to been have you on the show, sir michael. sir michael: good. ♪ our top a look at stories. oil dropping below $40 a barrel, leading to losses in age and markets. australia and japan retreating. oil's latest slip, signs of discord before friday's opec meeting in vienna. janet yellen said she remained confident in the economic i had of this month's crucial fed policy meeting. it is the latest sign the fed is prepared to raise rates at last. lead toft off could abrupt taking and disruption when it comes to the market. lowering itsor's rating on eight u.s. banks on the possibility the government bailouts are not a thing of the past. s&p's saying that the likelihood futureort of banks in a credit crisis is now uncertain. let's look at the markets. ok, the main factor we see in asia, we had those comments from said chair yellen, saying that the u.s. looks ready rate hike in a decade, in fact.

emily: so what is next for sir michael moritz? sir michael: i have no idea. something will show up.: it has been wonderful to have you on the show, sir michael. sir michael: good. ♪ sam: every year around november or december, many journalists will get an assignment that makes them feel -- >> gulp. sam: a little nervous. >> you are putting me on the spot. sam: they will be asked to write a story about what will happen in the coming year. >> the worst thing that a journalist can do is predict the future. >> i don't think anyone has made an accurate prediction ones. -- prediction once. sam: we thought about the latest developments in medicine, transportation and energy.

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. if

there you have it, that is sir michael morris, chairman of sequoia capital. he was highlighting one of the success stories in the startup is clarna reaching the unicorn status. we'll be speaking to the ceo of clarna. we'll also speak to the ceo of snap fashion. >> nancy, thanks very much for that. you can head to the tech transformer special report page. that's on the website from all of the coverage from disrupt london and, indeed, plenty more from the world of tech. cnbc.com. still to come, french voters go to the polls for the first time since last month's deadly attacks in paris. we'll bring you the results after a short break. >>> there is an uneasy calm in financial markets according to the bank of international settlements, the b.i.s. the agency saying that investors are very sensitive to the actions of the world's major central banks and warns that a tightening cycle by the federal reserve could reverse the current situation and possibly expose vulnerabilities in emerging markets. this is dollar denominated debt rose to nearly $10 trillion in the seco

silicon valley. ♪ 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

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

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

what'shat's next for, sir sir - next for sir michael morris? >> i have no idea.thing will show >> really great to have you here! thank you! ♪ >> brilliant ideas, powered by... >> the contemporary art world is "brilliant ideas." >> a 21st phenomenon. a global industry in its own right. brilliant ideas looks at the artists at the heart of this. they have a unique power to inspire, astonish, provoke, and shock. to push boundaries, ask new questions, and see the world fresh. denny. like simon you may not necessarily understand his work at first glance, but take a closer look and you'll come to realize simon denny is one of the most perceptive artists of our time. >> i want to put things on a stage for a second look and it's something people are really -- >> simon denny is an artist who i think among a generation looking at life in the digital age. >> born in new zealand, based in berlin, now taking the biggest art stages by storm with his thought-provoking installations, simon denny helps us make sense of the modern world we live in with subjects such as technology,

and so, sir michael marmot, thank you so much for this.is has been a great conversation for me to be part of, and you have reinspired me, and i think that we will look forward to whatever is the next chapter in what you are working on. >> guest: thank you very much. >> host: so thank you very much. >> guest: it's been a pleasure. >> host: pleasure. >> that was "after words," booktv's signature program in which authors of the latest nonfiction books are interviewed. watch pa

always intimidating before you get to know somebody when they're just a legend and an icon which sir michaels. but then i got to know the human being. he's incredibly human and humble and down to earth and unpretensious. most unpretentious person i've work worked with. very quickly he became my mate. >> we became great friends. it's easy. if you can get that relationship when you're acting, it's lovely. >> reporter: this is george pa knack coio reporting for abc news. >> i can't get enough of his french accent. it's beautiful. >> we love rachel weisz, as well. >> they're both great. coming up, speaking of youth, "sports illustrated" sborts kid of the year. >> the young olympic hopeful who is making a splash inside and outside the pool. ever since darryl's wife started using gain flings, their laundry smells more amazing than ever. (sniff) honey, isn't that the dog's towel? (dog noise) hey, mi towel, su towel. more scent plus oxi boost and febreze. it's our best gain ever! strong just like younything strong...is beautiful pantene (whimpare you okay? yeah, i just got charged for my credit moni

joining me today on "studio 1.0," sir michael moritz, chairman of sequoia capital and co-author of theding."

and so, sir michael marmot, thank you so much for this. this has been a great conversation for me to be part of, and you have reinspired me, and i think that we will look forward to whatever is the next chapter in what you are working on. >> guest: thank you very much. >> host: so thank you very much. >> guest: it's been a pleasure. >> host: pleasure. >> that was "after words," booktv's signature program in which authors of the latest nonfiction books are interviewed. watch past "after words" programs online at booktv.org. >> now on booktv we want to introduce you to university of wisconsin professor or jordan ellenberg. professor ellenberg, what do you do here? >> guest: i'm a professor of mathematics, i teach math to big kids, little kids, all kinds of people. >> host: you also write books. "how not to be wrong." wrong."mathematics is not settled, what do you mean? >> guest: well, be it were settled, i mean -- >> host: i thought math was certainty, math was form laic, math said this, one plus one equals two at all times. >> guest: well,

. >> host: so sir michael marmot, you have written extensively on the social chairman of health for a long time. i wanted to start by reading a quick quote from the end t

now, my "studio 1.0" interview with investor sir michael moritz generated a lot of outrage today.rt of the interview, i asked him about the lack of female partners at his firm. he said, "we look every hard. we have hired someone from stanford. if they are more like her, we will hire them. we are not prepared to lower our standards." that last sentence cause a huge backlash. ellen pao, who sued her firm for gender discrimination, tweeted -- pipeline and standards are lame excuses. another woman tweeted -- moritz e-mailed me this morning saying there are many remarkable women. we are 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

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

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me today, sir michael morris, chairman of sequoia

this was proof for anybody who thought i hadn't. ( laughs ) >> stahl: so i should be calling you "sir michael." >> caine: you should be, but i've let you off. ( laughter ) >> stahl: yes, let me off the hook. >> christohper nolan: he's one of the greats. >> stahl: where do you put him? he's up there with who? >> nolan: i wouldn't put anybody above him. >> stahl: director christopher nolan has cast caine in his last six films, including the batman movies, where he plays alfred the butler. at 72, caine started the third act of his career, picking up a whole new generation of fans. >> bats are nocturnal. >> caine: bats may be, but even for billionaire playboys, 3:00 is pushing it. >> nolan: it's an incredible rapport with the audience that he has. and it's to do with warmth and humor, as well as just basic, grounded humanity. feels very real. he is very real. >> stahl: somebody said that a lot of your characters are way out there, and you put michael solid one. >> nolan: when you see michael in the scene, you do... there's a sort of sigh of relief a little bit. like, "okay, i'm going to... i'm go

sir. >> michael i find is outrageous we've been through the chiefs report and reports from the commissioners and there's been nothing said about chris coerce arrested for two felonies now i understand the chief is called out for an officer involved shooting not has nothing to do with with a lack of a written report from the chief i've brought this up before a written report from the chief at every meeting especially, when one of his officer is is secondary for a hit and run case two people sent to the hospital it not okay that the police department which has plenty of members very well paid members that know how to write are not submitting written report from the chief what kind of out rankle is this it is not okay. >> as a member of the public i want answers why was this officer not apprehend for 10 to 12 hours was we trying to sober up why is it we don't have his mug shot there are so many questions about that case and other matters involving the police departments since you're last meeting yes, sir i'm going to leave this meeting without anything on paper from the chief what has the chief

alix: another big interview we are looking forward to -- sir michael mauritz, chairman of sequoia capital. "studio emily chang on p.m. eastern. you do not want to miss that. ♪ scarlet: you are watching bloomberg. i'm scarlet fu. alix: i'm alix steel. this is your global business report. scarlet: ahead of the big ecb decision on thursday, coming in flat on three days of economic events that will set the course for global markets into 2015. alix: how does a slow impact of production impact diamond prices? scarlet: china's president is using ping kicks off his tour of africa. let us start with m&a. , the ceo, says the west is suffering from decades of underinvestment. a little bit more m&a. we are currently looking at the united states. we have been incredibly welcomed over here. we have seen tremendous growth from our business and we would like to accelerate that growth with some effort here in united states. scarlet: the european central bank now has another reason to increase economic stimulus -- a disappointing reading and cpi. lasttion and the euro area month was unchanged, rising at 1/

sir. >>> meantime mayor michael nutter rnally honored a championship football team today, these 24 young men make uporth west raiders on december 12th, their team rallied from a 19 tzo ficit, to wi their second back to back pop warner national super wl championship in the midge it division. final score 34-19. what co back. t crying anymore. to help get her mind off of andy, haley and i have been making a quilt out of all her old clothes... and some stuff i need phil to stop wearing. oh, cool. that square is the same pattern as my kangol hat. can you believe how gorgeous it is outside? [ >>> few things heants to say on the way out of wn tonight. >> i mtioned elier cp taking high road with this. a lot has hpened in the past hours chip kelly was fire. jeffery lie held a ne conference. late tonight chip kelly issued a statement. in it it read, ptly, que deeply regret that we did n bring this great citynd its fans ehampionshiphey deserve. i s bless todd rwith the gifted, hard working coaching staff every day a they will succeed where ever they go. finallyylayers me the wor to me. i will mi th

sir. >> michael i find is outrageous we've been through the chiefs report and reports from the commissioners and there's been nothing said about chris coerce arrested for two felonies now i understand the chief is called out for an officer involved shooting not has nothing to do with with a lack of a written report from the chief i've brought this up before a written report from the chief at every meeting especially, when one of his officer is is secondary for a hit and run case two people sent to the hospital it not okay that the police department which has plenty of members very well paid members that know how to write are not submitting written report from the chief what kind of out rankle is this it is not okay. >> as a member of the public i want answers why was this officer not apprehend for 10 to 12 hours was we trying to sober up why is it we don't have his mug shot there are so many questions about that case and other matters involving the police departments since you're last meeting yes, sir i'm going to leave this meeting without anything on paper from the chief what has the chief