the unicorn mantra is dangerous.weeted that we are going to start to see a lot of dead unicorns because what i see is businesses raising money at high market capitalizations who are not focused on fundamentals. when you see a big market shift, you saw one today, the people who are going to have to get ready for this, the smaller companies and startups who aren't a strong public company like salesforce. i remember those days. it was long ago we started our company in 1999. there is a correction and i was nervous. i remember what that was like. we had to make a lot of changes in our business and double down on customers. emily: i spoke to benioff at a middle school in san francisco where salesforce announced a donation to the city's k-12 program. its third big gift to sf schools in a row. i talked to him more about salesforce's commitment to education. mark: we have not valued our k-12 schools in the united states as highly as our higher education system. everyone knows we have the best higher education system in the w

we have all these unicorns.eff isanaging partner the main, along with dave elkington, whose analytics company is currently valued at $1.5 billion. speaking of unicorns -- people are saying that there could be a downturn here in silicon valley. what do you think? jeff: first of all, i hate the term unicorn. it didn't turn out well for the unicorns. the boat went without them. i think the term and concept is not a great thing. emily: it implies that companies are valued over $1 billion and there are more. jeff: when companies think that the valuation is the end, i think it is screwed up and we have a market that may be screwed up. emily: i just spoke up with mark benioff about this whole unicorn concept, and he warns that there may be trouble ahead for these so-called unicorns -- take a listen. mr. benioff: i think we will start to see a lot of dead unicorns, because what i see are businesses not focused on their fundamentals. jeff: uni-corpses. i agree. emily: i have not heard that. jeff: i agree. david: with mul

next, officially a unicorn, i ask where the ceo will take the platform. ♪ >> in a unicorn news, zocdoc >> in a unicorn news, zocdoc has raised $130 million. the digital health service which lets people book doctors appointments from a cell phone, had participation from atomic oh -- atomico. i am joined by cyrus. how are you reacting to the epic decrease in stock prices and how will it affect zocdoc? >> this company was started in 2007, shortly after the great recession came about and we had to do that deal with realities of markets being constrained. it created discipline that carried over to the company, even to this day. from the very beginning, we have been the company that is focused on fundamentals and kept in mind that the problem we are solving is a real problem that will not go away. if you look at what the market does, frankly we are challenged with solving problems that are quite frankly, cyclical. >> you allow people to easily and urgently looked up appointments with health care providers, but now that you have raised $130 million, what doors does that open? >> we want to ad

scarlet: uber is clearly a unicorn.ow has the thinking on unicorns changed over the past few years? it seems like there is a bias to naming potential unicorns rather than admitting these companies are few and far between. aswath: i think that is a problem. i think the $1 billion number we put on a unicorn has created a lot of gameplaying. i have posted on this on my blog about how vcs were playing that game and founders were playing the game of making a company look like it is worth $1 billion by structuring deals to give you that value. the way we come up with a $50 billion value for uber is we take microsoft's $100 million and get a rough estimate of the company and extrapolate from there. that is a dangerous game with these private businesses because the way that .2% is structure could make it .5% or 1% very easily. we don't know. in a sense they want us to talk , about them in this context. this has become part of the pricing game because you want to get other people into the pricing game. that is how you win the pr

ales ailes. >>> you heard trump compare him to a unicorn. to a unicorn.o sixth grader's ever sat with the eighth grade girls. to a unicorn. but your jansport backpack is permission to park it wherever you please. hey. that's that new gear feeling. this week, these folders just one cent. office depot officemax. gear up for school. gear up for great. ♪"once there was a hushpuppy" by dan romis man kind?eitlin ♪ are we good? go see. go look through their windows so you can understand their views. go find out just how kind the hes and shes of this mankind are. daddy! lets play! sorry kids. feeling dead on your feet? i've been on my feet all day. dr. scholl's massaging gel insoles have a unique gel wave design for outrageous comfort that helps you feel more energized. dr. scholl's. feel the energy! in the nation, what's precious to you is precious to us. ♪ love is strange so when coverage really counts, you can count on nationwide. we put members first. join the nation. to a unicorn. you did not hear anyone call him a regular politician. nor did you see any con

>>> a fight outside a bar leads to something in a zebra-striped unicorn. >>> at her mother's grave -- >> this is what the camera caught. >> see who got busted with all the flowers. >>> a baby deer is confused. >> and separated from its mom. >> i've got a deer in the back seat. >> how a good samaritan got her back home. >>> plus, the ride that's a scream. >> ah! >>> and it's time to chop with chris who turns wood into -- >> incredible works of art. >> he was making in this video that led to a surprise delivery for us. >> i've got a very rare sighting. you guys got to look at this freeze frame of a video and oh, no, that's not rare as all. two dudes squaring off outside a bar in hoboken, new jersey, ready to bro fight? not rare at all. but the moments that follow here are rarer than a zebra-striped unicorn. watch this. >> oh, no way! >> the double knockout. the people that posted this video say two punches were thrown simultaneously. one by each fighter. those two punches landed, knocking each dude out. to the ground. stone cold. now, right here they try and pick up mr. shirtless and sa

it is a little irish ditty known as "the unicorn song." you have ?do you know the ?know the motions? you are going to learn the motions. here is how it goes. ♪ well, there were green alligators and longnecked geese there were humpty dumpty camels and chimpanzees [laughter] there were cats and rats and elephants and sure as you are born, the loveliest of all was the unicorn. ok. a long time ago when the earth was green there were all kinds of animals than you have ever seen they run around free when the earth was being born and the loveliest of all was the unicorn well, there were green alligators and longnecked geese there were humpty back camels and chimpanzees there were cats and rats and elephants and sure as you're born the loveliest of all was the unicorn ♪ ♪ gen. dempsey: well done. ladies and gentlemen, another round of applause for my chorus. [applause] deanie dempsey: great jobs. you guys are great. >> thanks so much. gen. dempsey: thanks. i wish you all the best. thanks very much. great questions. okay. >> please welcome back to the stage for special for a

unicorns. ly be the interesting to watch, matt. matt: emily, thanks very much for that. now, facebook beefing up it's tools to spot pirated videos have become an issue for content creators. facebook is piloting a video matching that will spot copy content quickly on top of audio magic to find videos that shouldn't have been uploaded. facebook warns it could take time before it's all in place. next apple, h.p. and boeing team up with the pentagon. we'll talk to the director on "bloomberg west." we leave you with footage of boeing's drone killing laser. it can shoot down drones mid flight and will supplement missile defense systems. matt: time now for daily bite. one number that tell as whole lot today. today the number is $767. that's how much money the swedish company has raised. the participation from intel capital and zook capital. izettle works with apple and google wallet. the latest funding gives izettle a $500 million valuation and is being funded to expand in urope. the hub is made up of

. >>> another unicorn in retail, jessica alba's start-up honest, now valued at $1.7 billion.er raising $100 million in funding. this after zen99 closed its doors and zirtual laid off all employees with no warning. that company just raised $5.5 million. it has been a topic of discussion at this desk this week, kara. as to whether or not we're at some moment where investors get suddenly less patient. do you think? >> well that's a big, i was at dinner with someone last night, an investor and he couldn't believe that valuation, it's a large valuation, a great company. it's just a question if it's going to be able to sustain these valuations, i go to, i'm surprised gambling going on in this place, they make these bets and hope for the best. they hope for a sale or something better. an ipo or something like that. i think that there's definitely a feeling of slight, is this too much and at the same time, the money keeps pouring into a lot of these companies and the failures don't seem to bother people at this moment. >> kara, i wonder, we look at zirtual and some of the other thing

there will be a lot of dead unicorns out there. in this case, cyber security unicorns.t will be adjusting to watch matt. matt: very interesting indeed. thank you emily for that. facebook beefing up its tools to spot pirated videos. so-called free-booting has become an issue. facebook has a content matching system that will spot copied content quickly with audible magic. finding videos that shouldn't have been uploaded. some similarities to companies like youtube and twitch, but it could take time before it is all in place. hp, and boeing team up with the pentagon on a new innovation hub. we'll talk to the director on "bloomberg west." end as we had to break -- and as we had to break, we leave you with footage of boeing's new drone killing laser. it will be used in place of traditional missile defense systems. ♪ matt: time now for the daily byte. today the number is 67 million. that is how much money a swedish raised withrtup has participation from intel capital. the card reader works with a chip and pin and also doesn't mobile from apple pay -- also does mobile payments

these unicorns aren't really unicorns anymore because there are so many of them.aluations of these firms are getting too high? you know where i stand on that. back in a moment. when you're not confident your company's data is secure, the possibility of a breach can quickly become the only thing you think about. that's where at&t can help. at at&t we monitor our network traffic so we can see things others can't. mitigating risks across your business. leaving you free to focus on what matters most. ♪ whoa what are you doing? putting on a movie. i'm trying to watch the game here. look i need this right now ok? come on i don't want to watch that. too bad this is happening. fine, what if i just put up the x1 sports app right here. ah jeez it's so close. he just loves her so much. do it. come on. do it. come on! yes! awww, yes! that is what i'm talking about. baby. call and upgrade to get x1 today. ♪ >> take a look at the futures. dow looks like it will open 47 points off and nasdaq 11 points off and s&p 500 off 5 points. we had a situation over at walmart. those shares

so web careful and the reason we have so many unicorns a company like uber that could have gone public ago is waiting because it can. >> it can >> the guys who are investing in public companies are investing in those last private rounds, which also supports as they go public >> so here's a good quote for you. i have a buddy that says oh, you know what? he's giving advice to another friend. you should go do this because it's going to take five to seven years to know if you're bad at it or not >> that seems like a great piece of advice. go to med school, you'll have a terrible manner >> yeah. >> maybe your last -- made sure -- >> make sure that you go out -- >> management piece and -- >> you're afraid. it's fine. there's people to deal with that. >> speaking of blood i hate this story but i feel we have to talk about it from a tech perspective. isis supporters are actually distributing a new android app. i'm annoyed with google, fairly or unfairly, what happens to -- don't be evil? why would you even host this? >> google has a bit more poor app delivery system, the google store is a litt

before you said trump was a unicorn during his speech. what do you call that?> i call that strength. many will help trump within the primary solidify the vote that he has now. when you think you're losing your country, when you think your borders are porous, your economy is falling apart, your system of education doesn't work, health care is out of control and too expensive. when you think the world does not respect you. you want a strong leader. and what we saw there was donald trump not letting the media get the best of him. and that will help him. what we didn't see is, you never see donald trump say we need less power in washington. we need less power in the presidency. donald trump is a bigger government guy. he just thinks the wrong people, losers and stupid people are running it. he is not really republican. and the question for america is, do we think we're in rough enough shape that we'll turn to a strong man? a political strong man? an autocrat like trump or are we going to try to fix our problems by getting money and power out of washington and trust

or if you think it takes a unicorn going bust to recalibrate things?n't think it's going to take a unicorn going bust this is an important moment in the cycle. we've seen this before. it's the moment where investors start pouring more money into the start-ups that have already succeeded or already kind of semi public. the nails like uber and airbnb. but a start-up like zirtual that we've heard about, "fortune" has a good piece on it. it had a nice run rate, but it's burn rate was a little bit out of control and they couldn't get the investment that they thought was going to be easier to get. investors are saying -- wait a minute, you ought to be able to survive on your own. that is going to send a signal here. we'll see how serious a signal it is. these companies really need to suck in the gut and start worrying about burn rate a lot more. >> is there a reason why it should be happening now, henry? >> people will point to reasons. is this the end, two years from now we're in a tech depression. we start to come out of it. people will say, it was this an

emily: there will be a lot of dead unicorns out there. it will be interesting to watch.acebook beefing up its tools to spot pirated videos. so-called free pudding has become an issue. copied compact -- content quickly. similarities to possibilities -- two other companies. up on hp, and boeing team a new innovation hub. we will talk to the director. we leave you with footage of new drone killing laser. byte. time for the daily tests mobileer payments from apple pay and google wallet. it gives them a $5 million violation. they plan to use the money to keep expanding in europe. that is the focus of the new initiative announced by defense secretary s and carter. it will receive $171 million funding putting $75 million from the department of defense at self. emily: dr. thompson, thanks for joining us. you are going to be running this center. you have seen a lot of technologies developed over the years. you have probably seen changes between the government and silicon valley. it may some examples of where we will see what you are worth e.on in military applications. putting a

versus the unicorns, most of them, i don't believe in any more than unicorns itself. >> times has a piece today about how google can't hire because people are going to airbnb and uber. >> there's a couple schools that do computer science. that's the problem. when i was growing up it was a finance major. we don't have enough computer science people in this country to staff it now. we have a lot of people who can do a lot of things, but they can't do computer science. andrew lock will be recruited by one of these companies when he's done because he knows computer science. >> they're saying youtube rapidly developing into a material growth driver creating the revenue as ad budgets go onli online. >> i think you're going to see venture apt lists invest in companies and unicorns within google, maybe even tracking stock unicorns where you'll see the valuation of the rest of the stuff is good and not going to pull down google. i think google should be higher. i expected an amazon-like multiple expansion over many days. you got one pop and then people forgot. i think that's a mistake. this is a g

. >> this is like unicorn stuff. this really is like unicorn stuff. i don't actually have anything in particular against him. i think these are not real policies. when you say you're going to make another government do something, i don't see how that happens. >> i know what you're saying. if you go to his website, his is probably the most empty. who came out with the most forward-leaning statements was chris christie. we're going to look at social security. we're going to look at medicare. then we're going to look at the nsa. >> he does have specifics. >> according to the nbc snap chat -- snap poll. i apologize. >> snap poll. >> i still haven't figured it out. he's lost three points, so i don't even -- you're not rewarding the most electrifying part of the debate. >> i think right now people are actually -- if this was a dating scene, you don't go up and say tell me the five things you're going to do once we're married. would i marry you? >> it's speed dating. >> you're looking for character, temperament, judgment, and you want to know what's your bas

he is a unicorn. he is something you have never seen.epublican,g as a but he is comfortable with more power for donald trump. i think that is where he is vulnerable. you are a business guy and you blow a deal, maybe donald trump doesn't get the country club. when you are running for president and you blow a deal, your relationship with the soviet union, that may be world war iii. at the end of the day it may be hard or the republican party to marry trump. these strong. these are alpha dog contests. the gladiators in the coliseum. who is strong enough to rescue this country right now. kind of pale compared to what trump is doing. john: how do you think he is doing on balance? alex: the good news is the campaigns don't pick candidates as much as they make candidates. shaken off some of the rest. he stood his ground when he was there with the press. i think he is getting better at it. now campaigns have changed. world it is a communications campaign. andf has to be big important for us to demand all our attention. you have to be big bright

hassforce ceo tells me he seen danger ahead for unicorns.e, techares leaders fireback on immigration.

marc benioff says he thinks a lot of dead unicorns will be ahead. what does it look like on your side of the equation? marc: i think situation normal. these are startups. some of them are going to work well, some are not going to work at all. it makes sense to prepare for environment in which it is not as easy to make money. i think each company should figure out its own strategy. that's what we work with our companies to do. emily: the headline on sequoia "rip goodd time -- times," what does andreessen horowitz say? marc: be measured, be careful, but invest in growth. if anything, we tell companies to push forward. the companies that are doing well are going to do really well. emily: just a blip according to marc andreessen. one stock that is gaining is twitter, a 3.5%, back above its ipo price. this morning, one analyst upgraded his twitter rating from neutral to buy. he expects their location on twitter -- expects clarification on twitter search developments. i also ask marc andreessen who he thinks should become the next ceo of twitter. -- if th

a french music streaming service may be joining the global unicorn club. the spotify rival is seeking funds from investors at $1.1 billion. they are looking at emerging markets. coming up, silicon valley to amazon'sefends corporate culture. and cord cutters hitting the media stocks hard. how fast is the american home deciding to get rid of cable? matt: time now for the daily bite. one number that tells us a whole lot. 566,000. the estimated number of loss subscriptions from pace tv. the sector is declining at an annual rate of seven tons of 1%. but over the last year 2 million households cut cable tv or decided not to purchase it. the media stocks plunged on espn lost ater modest number of customers. it will be a continuing problem. jeff bezos is defending his company culture after the new york times export a painted a grueling picture of life as an amazon employee. it paints grueling allegations. employees being warned over taking vacation in for internet areas. other tech leaders have been commenting. the forward twitter ceo saying this has taken out of

unicorn club. the why he thinks he can play with facebook and snapchat in the big leagues. ♪ emily: now to a story we are watching -- the president of soft tank is making a big wager -- they will purchase $483 million worth of company shares what he calls a personal but. when the transaction is complete, he will be the second against shareholder after the founder. is airbnb -- the startup joining a list of us-based companies expanding china. in a statement, they said in just the last year, how down travel from chinese guests has grown 700%, making it our fastest-growing outbound market. airbnb partnered up with two chinese venture capital firms. the first order of business is to hire a ceo for airbnb and china. durning -- joining me to talk -- you are meeting with airbnb this afternoon. what makes you think airbnb can succeed where so many u.s. tech companies have failed? in china, you are seeing with the success of the iphone, a growing block of chinese consumers want to have a more westernized li

the scaler is growing the growing group of security unicorns. uber and airbnb investor join the round. >> we won't do it when the timing is right. we will try to act like a public company. we have a cfo on board recently. we are going through the process, we will pull the trigger when the time is right. emily: this is the third $100 million round we have seen this year. cyber security fundraising hit $1 billion for the first time in 2014. we will be talking about the future of cyber security all week long as we cover the black cat and security conferences this week. coming up, alibaba's ceo has a new report. and life after the international space station. social media's favorite astronaut flaxen returning from zero gravity. ♪ emily: we're watching apple. shares extending the decline today, closing at their lowest level since january. apple entered a correction this week, the 10th time in 11 days. shares have been dropping since its earnings release on july 20 first. investors worried about iphone and apple watch sales. apple's main suppliers are

. >> we talked about unicorns on cnbc and you got asked a direct question about airbnb and you said theytainly had a busy quarter, launched a new campaign which they like quite a bit but at the same time you have a new campaign and to some degree it's saying look out, we're not airbnb. >> well, that's exactly right. if you look at our campaign it's all about families going to vacation destinations, that's what we do. if you look at their campaign, it's about a single traveller going to a city, that's what they do. and i think that there's a lot of misinformation out in the marketplace where people think we're the same company when, in fact, airbnb maybe has about 10% of our property. so about 90% of everything in our million-plus home network is unique to home away and actually quite different and so the marketing has been a good way to make people aware of that. >> well, do you think one day there will be kind of a comeuppance with this venture capital world. zulily became public, went up big and sold for less than it became public and i think probably some people were saying well, wait

it is not a unicorn at all but it is a griffin. i would say without arguing all of the details that perhaps he has fashioned a griffin on the role of the soviet union, which is really new to the sto riography, not utterly new. the reason for japan's surrender , and i don't find this inconclusive, but he is still leaving us arguing about the length of horns on the story of truman and the united states and the atomic bomb. i don't think that debate will stop. an greatest interest of american in this book is about hiroshima and not a sake -- and nagasaki. 's argument against believing that the atomic bomb produced at the surrender of japan is an equally strong argument against the view that the bomb was used at a time when it was obvious that japan was about to surrender. it wasn't about to surrender. in fact, japan's strategy was horrendousflicting injury on americans or the prospect of horrendous injury to americans in a battle on the mainland of japan in order to get better terms. argues, itr hasewaga was the soviet attack that fun

is this a mobile unicorn bubble?ing into the market and going out of the market so if you think about the factors, in the last quarter exits mobile dropped below investments for the first time since 2013. if you look at investments what we've seen is up to 2013. on the exit side the ipo market for mobile dried up middle of last year and mna dropped in the last quarter so they're running about half of what they were running at peak in 2014. the question is not so much about bubble and valuation, it's about timing. >> you also have, tim, a lot of companies for facebook, alibaba, twitter that are such strong operators in the mobile space. how many of the smaller companies you see being enabled by those larger companies. >> it's important but you have to look at the smaller companies to get the full picture. around a quarter of the companies cover 80% of the value but a very large group where some of which you've heard and some of which you haven't. if you are within mobile report 27 individual sectors. around three time

you're more likely to see a unicorn and then someone carrying a permit to carry. >> he he believes that under the current law he will not be able get a permit to carry. he does feel like the executive order that governor christie put forth is going to review the gun laws and maybe after that there might be changes. >> let me ask you, was this indirect response to what happened in charleston? or have they been on this for a while question mark. >> i actually thought for sure they would say to me after charleston but they said charleston just added to the believe that they had that it's necessary. there's been other shooting at churches and they been hearing about the tragedy that they feel like they need this protection. >> at that state of affairs that you have to think that way. >> yet understand that it's a holy building in a church, but it can also open up any businessman who wants to defend his business and to have a concealed concealed carry inside their building as well so maybe that's why. >> my heart feels an incredible amount of stress when i think about soft targets though. wh

i've given up unicorns.omebody who likes them, though. >> i still wonder who the white house is making me crazy. one more things is up next. we'll be right back. my lenses have a sunset mode. an early morning mode. and a partly sunny mode. transitions® signature™ adaptive lenses... are more responsive than ever. experience life well lit®. ...upgrade your lenses to transitions® signature™ it takes a lot of work... but i really love it.s. i'm on the move all day long... and sometimes, i just don't eat the way i should. so i drink boost® to get the nutrition that i'm missing. boost complete nutritional drink has 26 essential vitamins and minerals, including calcium and vitamin d to support strong bones and 10 grams of protein to help maintain muscle. all with a great taste. i don't plan on slowing down any time soon. stay strong. stay active with boost®. it wouland it turned onif you turned oeverywhere else.ne room but that's exactly how traditional cooling and heating systems work. so you pay more than you sho

his first-ever tweet storm saying it could start to sink some tech unicorns, saying that global techultiples are compressing quickly. if so we may be nearing the end of a cycle where growth is valued more than profitability. it could be an inflection point. investors are likely to refocus on business model viability and path to profitability. it will seem like an abrupt sea change to many. and then asked if a lot of these companies are ready, kara, your thoughts? >> yeah. it's interesting. it's an interesting question, it's funny it's coming from someone who has been funding these unicorns, including uber and snapchat, whose numbers are out showing them losing a lot of money. the guy, it's sort of like the guy in casablanca, who said i'm shocked that gambling is going on in this place. it's a little bit disingenuous for heem to dot funding of these things and push growth growth growth and say uh-oh, watch out, may be sending a signal to the companies he's invested in. he's a real smart guy, bill is, and he's very thoughtful. but you know, it's the vcs that created this situation and

a unicorn. >> a company, unicorn, worth $1 billion before it goes public.4 a share, executives rang the nasdaq, ceo doing the honors. i know what you want to know, the baby. that's her new baby girl. sun run installed solar panel on homes. it's not started trading, that's normal. i'm going to cough here for a second. pardon me. this comes the same week as president obama is calling for tighter emission standards from power plants, seen as a boon for the solar industry. solar's amazing. i highly recommend it but it does depend on government support to make it inexpensive. >>> netflix has new leave policy for parents. first year after birth or adoption take what you need. baby needs you, go home, stay home, come back whenever. netflix will pay you your regular salary. they won't switch you to disable or reduced salary. netflix has unlimited vacation policy. i looked, they're hiring, they have 40 engineer positions open also a job called senior product researcher for kids. need to be a good interviewer and good with kids. laura, i don't know if you know anybod

(theme music) (unicorn whinnying) - ah! - hi-yah!

some people are also saying this is a unicorn.vately held, and it's just a sign that things have gotten too far. what do you think, paul? >> i think this company, it's aimed at yuppie millennials who are willing to pay a premium price for overpriced diapers and baby products. there is a market for this. it's just their products aren't very good. 80% of their products -- 80% of their profits or their revenues come from diapers. they're plant-based, gluten-free diapers -- [laughter] charles: who's going to eat 'em? >> that's my question, why would you have those? several third party groups have studied this, and they've found they're not as good as huggies, you know? charles: we've been using products for decades that necessarily weren't the best. you can almost argue, you know, the ketchup that we buy, is there a better one? probably, they just don't have the mass distribution and advertising budget and that kind of stuff. >> yeah, but yuppie, if they're going to pay a premium price, they expect an apple, they expect -- their expec