emily: i said the world unicorn -- word unicorn 10 times. what you think of that term?o you like it? guest: they are supposed to be rare. right now there are a lot of unicorns. we need something more rare. emily: pegasus? [laughter] thank you for sticking with us. tom riley. in today's edition of drives can uber crack the chinese market? there drivers are making one million rides a day. china business has doubled in the last month alone. according to e-mail sent to investors and seen by the financial times uber is planning to spend a billion dollars in china this year. it is 11 -- it is in 11 cities and he personally oversees uber's china business because it is his number one priority. next, 14 million social security numbers and counting. new details on the new hack of federal data. and next week's gaming extravaganza. ♪ emily: time for the bwest byte. today the number is 14 million. that is how many could be affected by the government office of personnel management. that is a lot bigger than previously reported. the opm handles background checks for everyone so needs

of all the newly minted unicorns have -- all the newly minted unicorns we have been talking about, newe associates racing the biggest venture fund ever over $3 billion. is that a sign of confidence that there are still great investment opportunities? here with me, scott sandel. general managing partner of any a. -- of n e a. bubble or boom? which is it? >> i'm with mark benioff. one of our great entrepreneurs. i think it's a boom. it's not about the valuations but the fundamentals in innovation and disruption in which we believe will create companies of tremendous value and change every industry. emily: there are more unicorns than ever. how many are masquerading? horses masquerading as unicorns. how many will go to zero? >> i don't know, but i do know that if i had to bid on a portfolio of them versus other companies, it would be a great portfolio. i expect they will turn out the way a venture fund turns out, a few companies make all the difference, and a lot don't work out at all and a bunch and up somewhere in the middle. on the whole, i think we will see spectacular results. emily:

and these new $1 billion companies they are called unicorns, or teen new unicorns -- 13 new unicorns3, of those, eight from the united kingdom. they have got 17 in total in the u.k. out off 40. 80% of the unicorns in the uk's. you have an online boutique retailer. francine: unicorn is something so amazing examples on a real. caroline: hopefully, the less fantastical like a dreamlike so wonderful it is born so quickly. all since the year 2000. great statistics. 18 out of the u.k. six in sweden. far outpace the number two which is sweden. 4 in germany. it takes nine years to get to $1 billion valuation. showing off the tech version of things. shazam is the number one delivery. the average age of a founder is 35 years old. really interesting themes out of this. francine: great statistics. a long way to catch up with silicon valley especially because they put so much money and scalability is so much easier. caroline: there is great things coming out. money into the u.k. and more of the larger scale funding situations in the last 12 months. not quite to the u.s., we had 13 new unicorns co

get some cats rats, as sure as you're born don't you forget my unicorn unicorn.well noah was there to answer the call. he finished up the arc just as the rain started to fall. he marched in the animals two by two. and he named them as they came through. hey, lord i got your green alligators and long neck geese. i've got humpty back campbells and chimpanzees. i've got cats and rats and elephants but i'm so fur lorn, i just can't find them unicorns. so noah looked out through the pooring rain. those unicorns were hiding, playing silly games. laughing and splashing as the rain came pouring all those silly you know what. well there were green alligators and long neck geese there were humpty back camels and chimpanzees and there were cats and rats and elephants and sures you were born, they just can't find those unicorns. so noah looked out through -- wrong verse. the arc started driving and it drifted with the tide. those unicorns looked up from the rocks and they cried. let's try that again. those unicorn look up from the rocks and they cried. you guys do that well.

horses masquerading as unicorns. how many will go to zero?n't know, but if i had to bet on a portfolio of them versus other companies, it would be a great portfolio. i expect they will turn out the way a venture fund turns out, a few companies make all the difference, and a lot that don't work out at all. and a bunch that end up in the middle. on the whole, i think we will see spectacular results. emily: a third or so? >> if you look at any decent venture fund, 30% go to zero. you have a bunch of stuff in the middle that does ok, and you invariably only have a small number of companies that make the difference. emily: if it is a boom, how is your job different now than it was in 1999? there is more money flowing into silicon valley than ever before. you are seeing private equity firms and international investment firms getting interested in tech. how do you differentiate? >> i characterize the environment differently. just like the late 1990's, there are lots of angels, $20 billion a year. that was comparable to the whole venture capital indu

a flabby unicorn.tion pegasus chaps. chaps are the pants without the back. and operation gutfeld. >> that sounds good. >> you can use that whenever you want. i think that would work. rob, i have an idea of how the bin laden raid went down. there are probably people who don't. and i was thinking we don't have much of a budget. if you could show us exactly what went down that night, using the candy land game board. we didn't have enough pieces to create the entire scenario. so i have some unicorns. those are the helicopters. over here, the game pieces, those are the brave heroic s.e.a.l.s who did the job. this is bin laden back here. what happened? >> we start with the spin first. and then once we did, i think they would come in here and he would go like that. >> the helicopter went down. >> right. and then would go up the stairs like this. and split off there. and then he would tackle them. a little cherry thing here ends up there. >> that's you. and by the way, this is bin laden. we couldn't find a bin

would you set that to soon unicorn?lp you invest in private companies before they turn into the ubers and the lyfs of the world. stay tuned. we'll show you how you pay your auto insurance premium every month on the dot. you're like the poster child for paying on time. and then one day you tap the bumper of a station wagon. no big deal... until your insurance company jacks up your rates. you freak out. what good is having insurance if you get punished for using it? hey insurance companies, news flash. nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. see car insurance in a whole new light. liberty mutual insurance. it's more than tit's security - and flexibility. it's where great ideas and vital data are stored. with centurylink you get advanced technology solutions from a trusted it partner. including cloud and hosting services - all backed by an industry leading broadband network and people committed to helping you grow your business. you get a co

unicorn girdle. like tightening the neoose aroud a flagy unicorn. operation pegasus chap.s are the pants without the backs. or operation gutfeld. >> you can use that any time you want. i have an idea of how the bin laden raid went down. threw there are probably people who don't. we don't have much of a budget. if you could show us what went down that night using the candy land game board, we sdfrnt hadi enough piesces to create the scenario. those are the helicopters. the game pieces are the brave seals who did the job. this is bin laden right back here this is bin laden. what happened? >> we have to start with the spin first. then once we did i think they would come in here and he would go like that. >> the helicopter went down. >> right. >> they would go up the stairs like this and split off there and then he would tackle them and a little cherry thing right here ends up right there. >> that is you. this is bin laden. we couldn't find a bin laden doll so we used walter white. >> rob, this has been krindbly instruction al and entertaining. i would assume that this constit

you but i came up with you know unicorn girdle. you could use that whenever you want. i think that would work. so, rob, i kind of have an idea of how the bin laden raid went down. but there are probably people who don't. and i was thinking, we don't have much of a budget. so if you could show us exactly what went down that night using the candy land game board, i have some unicorns, those are the helicopters. over here, the game pieces, those are the brave, heroic s.e.a.l.s who did the job. and this is bin laden right back here. so what happened. >> we start with the spin first. and he would come like that. >> so the helicopter went down. >> then they would go up the stairs like this. split-off there. and then he would tackle them. and the little cherry thing here ends up right there. >> and that's you. and by the way, this is bin laden. we couldn't find a bin laden doll, so we used walter white. this has been incredibly instructional and entertaining, but i would assume that this constitutes some kind of evidence that we should ge

is leaving europe behind in the battling to the biggest breeding down to tech unicorns.fers to starts ups with a value valuation of $1 billion or more. the combined valuation is $120 billion. more than half of facebook's market capitalization but europe has shown improvement raising it's total number of unicorns to 40 up from 30 last year. for more on that story and all the latest tech news head to cnbc.com but let's continue the discussion. london is seen as the hub for europe. is that continuing and why is there this change in sentiment over the last couple of months? >> london has always been a finance hub for the world. that was the first insurer globally back 500 years ago. the great support for tech across europe and london in particular it's a greater place to start the company. >> we just saw that video. london is a tech center. it's never going to compete on any level like that, is it? you don't need to have a global presence. so as a consumer who cares where the headquaters is. you have a great number of examples of london based businesses doing well worldwide

pimm: you spoke with sacca about in the real unicorns are silicon valley. what is a unicorn?a private company that is worth over $1 billion. there were more and more in silicon valley. guy who does not hold back. there are a lot of naÏve and desperate investors who want to get into tech. he gave me one prominent example. carl icahn. what happens to all of these unicorns? how many of these are horses masquerading? naÏve investors throwing out term sheets with no diligence. lyft.cahn investing in that is an example. if you really look at this thing, it is not going to be a two horse race. lyft does not survive. lyft isou think gone? company.er is a better lower pick up times, better maps, higher quality of service. investor. are in uber chris: i am a huge uber investor. i don't think lyft will be able to compete. emily: isn't that like saying there were going to be no other restaurants because of mcdonald's? it is a much deeper conversation and we get into a lot more depth and the bad deals that are being done on "studio 1.0." sacca is pretty outspoken on how twitter can be imp

we are seeing unicorn valuations. chris: decacorn.have the culture of secrecy in a silicon valley where you don't tell people your numbers or business model, you don't tell them about the future. emily: isn't that dangerous? chris: it is very dangerous. the story of people living lavish lives is attracting more attention and more posers, and with that attention comes sloppy discipline and a ton of money. it used to be 12 companies, demo day lasted all day. live code, we could ask questions, walk up and try it during demo day. if the deal didn't get done that day, we could work on it. demo day today, what is it, 80 companies a class? 3 minutes, no live code, and half of the deals are completed before they do demo day. i think it speaks behind the desperation of investors. some are taking money away from companies that could probably use that money. they are taking talent away from companies that could use that talent. they are taking investor and advisor attention away. i think there is a lot of waste happening in the valley right now.

. >> the unicorns. >> yes, the unicorns have plastic unicorns. >> okay, we are going to talk specificallyut airbnb and i agree with you on that. why it may be a little bit different could be part of this. >> it's also how quickly they brought in the public and i think they did a great thing to the people that use their product whether or not you think the one trick pony. but in biotech are you in any stocks? >> no, i'm not an investor but i understand why they are going up into hillary's point, the interest rate really do matter because what they do is set the quiddity table in the markets so we have all this liquidity. >> the quiddity is liquidity. >> liquidity is every cycle that ends up in the hype. >> i think that biotech stocks, that's the first area is an analyst that i cover. >> okay. charles: i know what you're saying, i think that they are living up to the hype, i think that they are providing things that were only dreamed of a decade ago. >> there other companies region rising. you want to be in it. we are talking about breakthroughs that are right there at the virgin terms of b

also outlining ipo plans and why aren't there are more ed tech unicorns? i will be joined by blackboard's ceo, all ahead. first pinterest moves into e-commerce. pinners will be able to purchase directly through the website with i/o bowl pins they are calling -- with buyable pins, they are calling it. you will be able to pay with apple pay or your credit card and they are working with stripe and braintree as payment partners. sarah frier covers interest for us. she was at interest when they made this announcement. so, pinterest users have wanted to see a company get into this. will they need to leave interest if they want to search on amazon or google if i want to buy a? >> you will have a blue price tag at the bottom of pins on your site. whether that changes the experience of pinterest and makes it less about inspiration and more about purchasing -- whether that turns people off we will have to see, but it's true that consumers have been asking this for a while. emily: i want to bring in one of pinterest's buyable pins partners from shopify. what is the n

emily: what happens to all of these unicorns and decacorns? many of these are horses masquerading? chris: i think there are naive investors with no discipline throwing out term sheets with nine figures with no diligence. icon investing in lyft is publicly stated rationale. if you really look at this thing, it will not be a tourist race. lyft will not survive and travis will never buy it. lyft goes away. emily: you think lyft is gone? chris: lyft doesn't survive this. uber is a better company with better math, lower pickup times, better brand, higher quality of service. emily: you are an uber investor. chris: i am a huge one and i would be a bigger investor on that thesis alone. i just don't think lyft are going to compete. emily: so icahn made a big mistake. chris: he made a big mistake. this is a win or take all game. and travis will take all. emily: will there be a downturn? chris: yes. it is inevitable that the funders putting this money to work will not see it all back. emily: are we in a bubble? is the bubble going to pop? chris: there ar

and, why aren't there more tech unicorns? all that ahead on "bloomberg west."irst, to the lead -- pinterest moves towards e-commerce. later this month, pinners will be able to purchase "viable pins" directly through the website. shopify, nordstrom and macy's are among the retailers making among 2 million products immediately available through pinterest. you will be able to pay with apple pay for your credit card. pinterest is working with stripe and braintree as payment partners. sarah covers pinterest and was at their headquarters today. pinterest users like myself have wanted to see the company get into this. investors have wanted to see this. is this going to make me happy? will i need to leave pinterest to find an item if i want to buy it? sarah: they want to make this seamlessly integrated into the app as possible. so you will have tiny blue , price tags at the bottom of the pins you see normally on the site. it will still be underneath the picture, it will still look just like pinterest. whether that changes the experience of the site, and makes it more a

there are a considerable number of unicorns that will become extinct. mark hopkins disagrees. he handles private wealth management for the bank of america. thanks for being with us. recently fitbit in its first couple of hours on wall streetd popped 50%. it's a $4 billion company. there's some point at which this has got to run out, right? >> logic would tell us that we've seen it before. we'll see it again. there's got to be an end to that. but you have to look at the underlying components and look back to what's happened before and look at where we're at now. so a couple of indicators that we look at when you look at where the public markets are versus the private, there is a distinction there. companies are taking long tore go public than they did in the '90s. >> they tend to be making money. >> tend to be making money. and so you don't have as much after this get out there in order to get my funding. they're getting the funding along the way. they're going later. you could make a case perhaps that the private market is capped out or is being built up. but the public market

at as unicorns don't really exist.at name may prove at as as unicorns don't really exist. moment ine in the silicon valley where money has been easy for startups. this will be a test for others down the line. pimm: i want to thank you very much for your reporting from san francisco. we want to mention something exclusive interviews, up from the west coast. that will be in the next hour. at 12:00 p.m. eastern, the outgoing chief executive of twitter will be speaking. at 12:30 p.m., yahoo! chief executive marissa mayer. these are interviews that you do not want to miss. they will be coming up in the next hour. still ahead, looking to get your high and artwork sold online? you might want to try instagram. details are next. ♪ pimm: welcome to "bloomberg markets. the one to look at some of the top stories crossing the terminal right now. billionaire investor kirk kerkorian has died at the age of 98. he was the founder and largest shareholder of mgm resorts international. at one point, he owned more than half of the hotel ro

can't overlook the unicorn. it's up to tech giants like apple, microsoft and google to decide if they'll become available for use. >> needed that unicorn. when we come back here folks, stealing gifts from kids in need. the postal service workers under arrest of accused in a secret santa scam. >>> we'll return to south carolina the scene of an unthinkable shooting. new details just coming in. ♪ hi! what happened to your hair? i got it. walgreens has all you need to keep it all under control. from a little touch-up... come on, guys! to finding that perfect finishing touch... to making memories at the touch of a button. all without missing a beat. walgreens. at the corner of happy and healthy. across america, people are taking charge of their type 2 diabetes... ...with non-insulin victoza. for a while, i took a pill to lower my blood sugar but it didn't get me to my goal. so i asked my doctor about victoza. he said victoza works differently than pills and comes in a pen. victoza is proven to lower blood sugar and a

and a hockey puck and best of all, a magical pink haired unicorn because why not.ore you get excited about these emojis, there is a catch no guarantee right now that apple or google will decide to add any of the 41 new characters or modifiers to their emoji library. check your phone for updates. >> i need the eye rolling one, i was trying to segue to the evening commute. roll my eyes. lets get a check of the evening traffic with matt pellman in the traffic center. >> i hope you are not rolling your eyes at me i want a magical pink unicorn to ride on, because if you are riding in the car oh my along 422 it's our second road buckle of the year on the westbound lanes approaching route you 29 the phoenixville collegeville inchange so westbound is a parking lot, traffic is only squeezing by on the shoulder in this spot that is normally busy, speeds of like 8 miles per hour past oaks we had problems on the eastbound side and this afternoon it's the westbound side you'll want to stay clear of it you'll want to use ridge pike and the turnpike and avoid 422 westbound this a

. ♪ emily: in unicorn news, raising funds at a $10 billion valuation. data could mean big dollars for advertisers if they know how to use the technology. data interactive help brands to crunch the numbers and send data to customers. they work with 700 different customers, quaker oats, british airways, sprint. we have more and the company cofounder, john's scully. john, i will start with you. how can you serve the needs of everyone with one technology? >> we are a platform company able to leverage that capability with 350 million profile names and we have a repeatable model. last year, we grew over 7% -- 70% topline. we had 700 people. this is a company that is at the stage of rapid scaling. >> how are you going to stand out in the world of ad tech. there are so many other companies with great data science, and the march of advertising innovation continues forward. >> we are a data and analytics company. the big difference between us and companies we compete with ibm, salesforce, we focus on the entire customer lifecycle versus just focusing on crm, whic

there is a growing concerns about all of these unicorns, deities at the evaluations are getting aheadartups and their ability to grow? john: we are in a rare time of normalcy. in the private market, there is pocket of valuations that are too high, and some too low. emily: no bubble, the sky is not falling. john: this is a boom, because of the effect that these devices have had. -- an entrepreneur can create a new service and in a week have a billion people using it. emily: that is different. what is also different is the amount of capital flowing into silicon valley. trend, you make of that is it creating more competition for you? beth: it is incredibly competitive out there. we have to wake up every morning and compete to win and work with the best entrepreneurs. john: never a better time than now to create a company. emily: is a great for investors? john: if the markers -- markets were not growing, it would be bad for investors. but that is not the case. we are in the midst of opportunity. emily: so other firms have been a bit more about doomsday and the scenario going on, saying th

give people clear information when you're seeing an advisement shows happiness and rainbows and unicorns there's a down side those drinks are making our communities less healthy and helping to accelerate disease in our community type 2 diabetes the research is very, very clear about those health impacts the negative health impacts on sugar sweetened beverages a few facts accumulation of those doctrines are linked to type 2 diabetes tooth decay and liver diseases it is the number one source of sugar what one single can of soda 10 teaspoons of sugar with two 10 ounce cans increases the type 2 diabetes by 25 percent as supervisor cohen mentioned one in three children born today will develop type 2 diabetes in sugar sweetened beverages accumulation didn't decline the cavity are the number one chronic diseases in children mr. larkin particular in chinatown in particular cavities are atal epidemic levels among children we need to absent o act and begin to see is changes in the sugar sweetened beverages as a society and in our public health community berkley passed a soda test and we're seeing

♪ everyone gets a unicorn! umm...what? no they don't. ♪ grocery outlet.in market. ♪ >>> talk about a joy-ride, a brazen break in at a bay area bmw dealership. how the suspect managed to get behind the wheel of a few cars. it didn't end there. good afternoon everyone. >> police say the suspect's early morning crime spree didn't stop after he left the dealership. >> reporter: it's the last san francisco attraction, bmw dealership on howard at 12th. >> i couldn't believe it. i thought it was an illusion. >> this is no illusion. at 5:00 this morning a 37 year old man broke into the dealership and stole a $100,000 car. one of the owners of the family business told us the suspect came in when janitors and security were here and think he hopped a fence to get in. >> so bold. tales amazing. i couldn't believe somebody would actually do something like that. >> reporter: the suspect tried to steal the black car first but got it stuck in the door and took another bmw. >> he backed out through a window three feet above ground. minutes later the suspect ended up crash

emily: there is a growing concerns about valuations of nonpublic tech companies, all of these unicornsdo you think these valuations are getting ahead of startups and their ability to grow? john: we are in a rare time of normalcy. good companies can go public and bad ones can't. in the private market, there is pocket of valuations that are too high, and some too low. emily: no bubble, the sky is not falling. john: this is a boom, not a bubble. it is a long boom. that is because of the effect that these devices have had. we have 2.5 billion people carrying them around. another billion to come. an entrepreneur can create a new product or service and in a week have a billion people using it. that is different. emily: what is also different is the amount of capital flowing into silicon valley. private equity firms, hedge funds, people like carl icahn. what do you make of that trend, is it creating more competition for you? beth: it is incredibly competitive out there. we have to wake up every morning and compete to win and work with the best entrepreneurs. john: never been a better time tha