tim draper has been promoting the idea of dividing the state into six separate areas. aper associates joins us to tell us now. since we just got this news about snap chat first whether you think they will be able to raise money at the rumored valuation here? >> they have a lot of users. i'm sure there are a lot of enthusiastic users who want to invest in snap chat. >> no matter what the price? >> well, no. >> okay. yet to be determined what that price will be. in the meantime, california seceding from the union, is this just a way of expressing discontent about what happened tuesday? >> i'm not in favor of this. i believed in six californias because i believed there could be more competition amongst governments for us. geographic borders continue to fall around the world because of social media and challenges and people are seeing that some governments are better than others and are saying maybe i want to be a part of that government. so i think competition amongst governments is terrific. competition for us for the people and the businesses and the capital of the world