third, i started my venture firm. and at the time, i was 24.y here in the u.s., between europe and the u.s. during the internet bubble. but when the bubble burst, i moved back to europe, and when i was in europe, i decided to start my fourth venture. and i did my market research, and i tried to understand what could be the next big ve after the ternet, and i realized that mobile would become pretty big one day. so we were building apps, mobile sites, whatever you have now on your phone. and at some point, we decided to sell the business to a bigger group called publicis group. i started my fifth startup, a social media platform for big media and corporations to help them to really manage correctly their social media strategy. and i ended up being very successful, and we sold this startup to a bigger group called blackberry in 2013. ♪ alexandre: the last 15 years, you had three different waves of technology -- the internet, mobile, social media. and i was there and said, "oh, i will try to do something." and i tried. i had to adapt myself. we ma

. ♪ seed focus venture firm announced its latest $50 million.en tech heavy hardware struggling. demand for gopro's hero camera waning. us is jeremy conrad. wonderful to have you on. this is a big step. you had $2 million as your first fund. $50 million for your third. congratulations and let me know how it changes. does that change your investment strategy? said $50 million is the right amount. we do pretty seed. we can throw it out a little more. also there is a lot of companies that need more tech to start. >> how much do you keep aside? >> it depends on the type of companies. there are two or three to one for every dollar. >> you have 40 or so? >> we just did our 39th investment. we have a couple we are looking at right now. they have gone to raise $300 million. caroline: talk to me about the exit strategy. you had two significant exits, but two out of 39, when does the pace start to pick up? >> we are seeing that we are five and a half years so we have companies doing well, but if you want the data winners, it takes a little bit of time. car

venture capital firm when he started digging around the internet and experimenting. >> tinkering witthou're jus ordering things from china and,d trying them? >> honestly, in the beginning it was very it's become more than just a hobby. business ise's caught the atten and financial backing of top silicon valley titans. inside thisb, hit team is pumpi thousands of these little pills every day. how many different pills are you making here? >> so for our company we haveur different types of stacks. >> reporter: pills that claim to immediate clarity, energy, and flow, to enhancing memory, stamina, and resilience. >> the approaching the human body as if we were -- from an engineer's perspective. optimizing shortcug better, more productive versions of ou better human? >> i think we all want to be better versions of ourselves. i think distinctive factors of being human. >> reporter: it's a good pitch. but when jeff and cofounder michael brant brought it on the show. >> it scares the hell out of no. that's what people use to go on 48-hour coding binges. at the end of the day you're left with a

. >> reporter: four years ago jeff was working at a venture capital firm when he started digging aroundnternet and experimenting. >> tinkering with things from laboratories from china. >> you're just on the internet ordering things from china and wherever else, getting them, and trying them? >> honestly, in the beginning it was very experimental. >> reporter: today it's become more than just a hobby. business is booming. plus he's caught the attention and financial backing of top silicon valley titans. inside this tightly controlled lab, his team is pumping out thousands of these little pills every day. how many different pills are you making here? >> so for our company we have four different pill -- four different types of stacks. >> reporter: pills that claim to do everything from promoting immediate clarity, energy, and flow, to enhancing memory, stamina, and resilience. >> the whole notion is approaching the human body as if we were -- from an engineer's perspective. so optimizing shortcuts to being better, more productive versions of ourselves. >> you wanted to be a better human? >

silicon valley venture capital firms will make a small fortune from their investment, like lightspeedture partners. as a $485,000 investment. we caught up with jeremy liew and asked what made snap such an attractive investment. take a listen. >> when we met evan and bobby and heard about their business, they talked about how there was something missing from social media, how it had almost become a highlight reel for your life, that was creating performance anxiety for people. unless they looked pretty or perfect, they were not putting themselves on social media. we were just getting this tiny little sliver. was tot snapchat did by bring back the spontaneity, authenticity of communication. then committed to two subsequent rounds, $8 million. what did you see in terms of the that nowhat potential the market is questioning do still see in terms of growth potential? >> when we first met the company, they had less than 100,000 daily active users. most recently it is when 58 million daily active users, so it has grown a great deal. what we saw the time was amazing engagement. many people us

and keep economist for manhattan anture partners, you are venture capital firm so where do you come downuman capital versus physical infrastructure? >> i am at 55 capital. i made a little switch. not to give you a hard time, but very much interested in the subject matter and up on it. vonnie: what do you do? >> we build portfolios that take different factors and macro outlooks in the etf space. very macro driven. superstar research team. very happy to into the question. no desire to disrupt the conversation. we are focused on and for such an macro. we are sort of a macro shot so we are better positioned to enter the question. we really do believe that particularly because of immigration shifts happening in the country and because of overdue investment, we are in a critical juncture. we want to be competitive in an exciting new area to define the future, software, robotics, artificial intelligence. when need to invest a lot in our digital infrastructure and training of people, especially if we are going to see reduction in international students and reduction in international visas to top

joining us now is anthony, analyst with nemora, and also, dana, co-founder of venture firm, and anthonyo see you. >> thanks for having me. >> the beard is new, but we will not discuss that. >> i'm in the -- it's a snap chat lens. >> i see. >> it's not on me, unless you're the producer. >> i have an allocation today, sell right into this. >> sell. insane multiple. user growth e slowing, and modernization is slowing. fierce competition in the likes of facebook, instagram, and the valuation, i mean, multiples are higher now than where facebook and twitter trade at the time of the ipo, and -- >> here's what i don't understand, you have not told me anything i don't already know, and yet, look at the thing today. i mean -- >> yeah. >> i'm skeptical too. are we missing something? >> i think that you can't really judge this investment by trading. in the research and checks with ad buyers, those who talk about the platform, that the messaging platform does not lend itself well to high return on investment for marketers. it does not have the targeting facebook has, great targeting capabilities th

a number of silicon valley venture capital firms will make a small fortune from their investment, especiallyhtspeed venture partners. it was one of the first investors. it began as a $485,000 investment. we caught up with the very first investor, lightspeed investor partner jeremy liew, and asked what made snap such an attractive investment. take a listen. >> when we met evan and bobby and heard about their vision, they talked about how there was something missing from social media, how it had almost become like a highlight reel for your life, that was creating performance anxiety for people. unless they were looking pretty and perfect, they were not putting themselves on social media, and that meant that instead of being able to see that 360 degrees of someone's life, they are getting a little sliver. what snapchat did was to bring back the spontaneity, emotion, and authenticity of communication that people have always had with their close friends. >> it is quite amazing. you then committed to two subsequent rounds, more than $8 million. what did you see in terms of the growth, what potenti

jay z's new venture capital firm has arrived.k nation set to begin funding early stage start-ups through the platform called arrive. the new firm is focusing on investing in start-ups that have a social impact. we knew he was an entrepreneur. >> i love this helps with marketing, branding, something he has an influence on. >> probably not his first go, either. he funded tidal. >>> mercedes is making the world's most expensive suv. the new mabach g sport, a price tag of half a billion. the luxury suv will have designer leather chairs and thermal cup holders among other features. i hope it has other features, i wouldn't pay half a billion -- half a million. i did read that incorrectly? >> half a million. >> still expensive. coming up a look at where european equities are trading at this hour. stay tuned, you're watching "worldwide exchange." you can't predict the market. but through good times and bad... ...at t. rowe price... ...we've helped our investors stay confident for over 75 years. call us or your advisor. t. rowe price. inv

the tip to buy into the company came from one of the student's parents who is a partner in a venture capital firm. >> we have great trust in our parents. remember the guy who brought this deal to the table, his guys are doing due diligence, carefully making sure that these are good investments and look good to the entire committee so we went with it. >> smart decision. administrators say money from then dowment fund supports tuition assistance and financial aid programs to be sure the school is accessible to as many as possible. >>> amazon says the cloud computing outage that affected tens of thousands of websites was caused by a typo. the engineers were trying to take several servers offline and incorrectly typed in a command causing servers to go down scrambling service for some 140,000 websites. it took almost five hours to fix the problem. amazon is taking steps to be sure this kind of thing doesn't happen again. >>> uber will apply for a permit in california to test self driving cars. you might remember that previously the company refused to apply for the permit arguing that human drivers we

jealous resigned from naacp in 201 and since then working at venture capitol firm. >> we're just days away from the start of another safe track surge from metro transit. >> and maryland native michael phelps testifies on capitol hill about doping on sports. >> take a live look across the d.c. region, 5:4 2 is the time now. we're at 57 degrees. we're expecting severe weather though later today. michael thomas will break it down for us on the other side of the break. don't go >> there we go. >> staying alive♪ >> how did you know that. >> i learned this one. >> that's what that is from right. >> oh, my goodness. >> oh, my goodness. >> got to be a little stronger with that point. >> that was a little wimpy. >> oh, my gosh. >> just go ahead, you try. >> just go ahead young man. >> exactly. >> oh, my goodness. all dance ago side and all terrible dance ago side we have a serious situation later today. we want you to be prepared for that. cold are air spilling in through midwest and warm air surm ago head of it. combination this time of year for severe weather. if you live north and west of t

walmart, the world's largest retailer and employer, and tom stevenson from sacoya capital, the venture capital firm out in silicon valley. this republican group proposed a carbon dividends plan. it combines a carbon tax on fossil fuels which reflects harm from carbon emissions which market economics ordinarily requires to be built into the price of the product with a big dividend returning all the revenues to the american people. and a reduction of regulations which may be mooted by a good enough carbon fee. this idea is actually not so different from my own american opportunity carbon fee act. in their report they all note that, i quote them here, the mounting head of climate change sf growing -- is growing too strong to ignore. many would say that it grew too strong to ignore a good decade ago, but it's important that these republican leaders have acknowledged this. they also said that, and i quote again, economists are nearly unanimous in their belief that a carbon tax is the most efficient and effective way to reduce carbon emissions, end quote. this report lines up with many other republicans

the tip came from one of the student's parents who is a partner in a venture capital firm. >>> for the price was $1,271. the price of one ounce of gold, $36 less. bit copes were created in 2009 by a software developer. last year the price was $421. >>> the latest video game console from nintendo is available today. the switch docked with a console and can be removed and used as a mobile gaming device. the switch costs just about $300. that doesn't include the games or storage or other accessories with that. but nintendo stock up as well on that news. doing well. it is kind of -- you know, they lag and then they came out with the wii and then they came out with this. people are lining up. >> so we heard. and saint francis high school in mountain view will not be doing bake sales any time soon. >> i wish i would have invested $15,000. >> it will be interesting to see how the money is put to use in the months and years. >> it is nice to hear schools getting access to that kind of stock. >> very good. thank you, pam. >>> 8:47. we will help you get to work or school or wherever you need to

he had been trying to diversify the firm's business over the last five years. in one new venture, they teamed up with a tour agency. but overall, earnings have been dented by poor sales and a slow in the shopping spree by foreign tourists. the net is expected to fall by 50% from the previous year. they also plan to close some stores and reduce floor space. >>> japan's yamato transport has been suffering from a shortage of drivers due to the surge in online shopping. they are planning to raise rates across the board. they have not increased prices since 1990. the executives have yet to decide on the size of the rate hike but plan to introduce the new fee this autumn. a lackk of drivers had forced yamato to outsource some deliveries, which have increased costs. other delivery firms may follow their lead given the widespread shortage of drivers in the industry. >>> more japanese are spending more on food. the standard of living goes up, the figure tends to go down. in japan, it has been declining since world war ii, but the trend has reversed in recent years as people's lifestyles h

venture capitalists. peter abare of lux capital said his firm donated $125 million over the last four years to start-ups targeting robotics and autonomous systems. abare is putting money to work because he says this will be one of the most significant transformative trends for the modern american labor force. josh lipton, cnbc business news, san francisco. >>> arjen joins us in the studios to talk about tech. there are two stories here. one is the job losses because of ai and the other is neuralink. in terms of the job losses to ai, according to ba research, only 13% of manufacturing losses are due to trade. mnuchin's comments are shocking. >> absolutely. they are at odds with the tech industry who warn this is a big deal this will impact onjjobs. and musk and this neuralink story are saying the only way people can survive is if people merge with machines, that's what neuralink is about. >> mnuchin said we are 50 to 100 years away. feels like we're one, two, maybe a decade away. he seems completely off. >> it's happening now. this is the point. if you look at the development of driverless cars, jeff weiner of lin

venture. yousef: lovely seeing you this morning. -- shehryu got sherry ? shehry: let's head over to a firm in japan. said to be selling a -- stake.debt saudi arabia says it receives about a billion dollars for those shares bought by the fund. in our must read column for the bit of ae is a little different take on this issue. let's bring tim in. tell us why it may be better for softbank to keep the vision fund ? real issue here is where does softbank as a corporation and and where does the vision fund start? it is not just softbank investing in this fund. really, they're going to get a minority stake. about 25% from softbank, 15% from abu dhabi. owner, not the majority but they sinned be calling the shots. the vision fund is to be the off alan's acquisitions sheet of softbank. the issue is of government -- governance. be looking going to after its own shareholders, prioritizing its own shareholders over the vision fund or is the vision and going to take the hit on any losses or reveals and softbank shareholders will lose out on that? that is really a big risk for shareholders. yousef: i have been spe

will invest $7.2 million in the ju joint venture to be established by april, they are joining with an apparel brand 45r. the company works with regional textile firms to make and sell blouses and jeans using techniques like indigo dyeing. caroline kennedy is a customer, the company has 16 outlets in the u.s., france and other countries. with the investment from the fund, company executives plan to open seven more stores in europe and in the u.s. over the next three years. >>> six autoparts makers including four japanese firms violated anti-trust laws by collewding to fix pricing. they forms cartels from 2004 to 2009 for air conditioners and cooling parts for engines. it's imposing a total fine of about $160 million. the four japanese firms are denso, panasonic, sanden and calsonic kansei. denso and panasonic avoided charges because they alerted of the problem. >>> we're going to turn to markets. tokyo stock prices opened higher after a private u.s. private sector jobs report for february showed the biggest increase in more than a year. driving the dollar higher against the yen. we're going to look at the nikkei, it is currently trading higher by 0.

venture capitalists have been showing their love for the u.k. amid this tragic day. vc firmsested about 2.5 times more than was invested in france. almost five times more than in germany. organizationsed promotes the country's digital economy. the report mitigates concerns that brexit is hurting british startups fund-raising efforts. coming up, airbnb has seen growth in china, but it's a look -- it is looking to pick up the pace in the next few years. we will discuss how big the path could be. this is bloomberg. ? caroline: at&t says it is -- that comes after an uproar about ads that ran along offensive years. at&t says it is deeply concerned that its ads may have appeared alongside youtube content advertising terrorism and hate. the controversy erected last week when the times reported that some ads were running with videos that supported terrorism or anti-semitism. airbnb is doubling its investment in china, increasing its workforce, and adopting a new name. will all of this effort pay off? let's bring in brad stone, senior executive editor at bloomberg technology. tell us

get them engaged and the construction area we've looked go the joint venues e ventures between the larger and smaller firms. >> a little bit about the workforce program similar to the small business programs we have that an aggressive and robust small business i'm sorry workforce construction workforce program sitting at the 50 percent of total hours again those are the contract by contract base we provide first consideration to the residents we find in the project areas and those being within hunters point shipyard and candle stick point and mission bay and transbay and the city and city and county of san francisco office of economic workforce development administrators that workforce program on a day to day process for the referrals as well as compliance monitoring. >> in terms of the performance during this past 6 months we saw a slight decrease in local workforce engagement of 1.2 percent overall in terms of the utilization employing as follows from the bayview hunters point that the phase two 27 percent the hunters point shipyard candle stick point which is the phase one as well as phase two of the d.

firm, it is not the first. joining us now for more context on the israeli tech scene are two venture capitalists in new york. you very much indeed for joining us, both of you. you are helping to manage israeli companies on the syndicate less. tell us how big is the scene. think that's right. this seminal book on the israeli startup nation was written in 2009, so the story isn't new, but i believe the world still has no idea about the innovation and shareholder value creation that will come out of israel in the coming years. caroline: give us some stats. i know you have some great ones in terms of the sheer amount of ipos. >> when the book was written in 2009, it was written based on any stat you looked at, the number of startups per capita, exits, israel was crushing the rest of the world. on the nasdaq's, israel leads all the other countries in the world on a per capita basis. it is more than two times the number of ipos on the nasdaq versus canada, and it is more than 100 times on a per capita basis ipos out of china, so what is happening in israel is really quite amazing. theline: you founded california-i

venture capitalist about what at the time was a new social messaging app, snapchat. telling him that all of her friends were obsessed with it. he wisely listened to his daughter and his firm became one of snapchat's first investors and so did the s.f. growth fund. that's the school zone endowment fund that helps pay for scholarships and subsidizes tuition which runs over $17,000 a year. it got in one of snapchat's early investment rounds for an undisclosed amount of money which we should learn a little  bit later today as i mentioned. the snapchat ipo was priced at $17 which some analysts thought earlier this week was too high. when the stock started trading a couple hours after this morning's opening bell it opened at $24 a share. it is trading slightly higher right now. full disclosure, nbc universal which owns this tv station is in a business relationship with snapchat. reporting live here in mountain view, bob redell, nbc bay area news. >> all right. exciting times for sure. we are already looking forward to the weekend and after a week of beautiful weather, there is a change coming. >> but let's focus on the positive, shall we? a live look outside now downtown san j

firms. the port formed a panel that consisted of both port staff and mta. staff who evaluated scores and ranked each proposal and also in a presentation. the joint venture comprised of sb plus and park management received a highest score and they are here today in the chamber. the sb plus is a national parking operator and hyde park an lbe with the city and county of san francisco. as required in the joint venture is structured for both companies that share in the risk and reward under the terms of the lease. the port received authorization from the port commission march 2016. authorizing to negotiate the lease with the joint venture partnership and the jb partnership has executed a lease. the port will actually queue upon approval of the board of supervisors. beyond the partnership which i will describe in a minute, the sb plus will provide membership opportunities for hyde park in key operational aspects in running and managing large parking operations. we hope this will lead to future opportunities between both individually and possibly jointly. so in terms of the financial performance of the lease, the lots, the combined lots that are currentlily ge

firms. the port formed a panel that consisted of both port staff and mta. staff who evaluated scores and ranked each proposal and also in a presentation. the joint venture comprised of sb plus and park management received a highest score and they are here today in the chamber. the sb plus is a national parking operator and hyde park an lbe with the city and county of san francisco. as required in the joint venture is structured for both companies that share in the risk and reward under the terms of the lease. the port received authorization from the port commission march 2016. authorizing to negotiate the lease with the joint venture partnership and the jb partnership has executed a lease. the port will actually queue upon approval of the board of supervisors. beyond the partnership which i will describe in a minute, the sb plus will provide membership opportunities for hyde park in key operational aspects in running and managing large parking operations. we hope this will lead to future opportunities between both individually and possibly jointly. so in terms of the financial performance of the lease, the lots, the combined lots that are currentlily ge

firms. the port formed a panel that consisted of both port staff and mta. staff who evaluated scores and ranked each proposal and also in a presentation. the joint venture comprised of sb plus and park management received a highest score and they are here today in the chamber. the sb plus is a national parking operator and hyde park an lbe with the city and county of san francisco. as required in the joint venture is structured for both companies that share in the risk and reward under the terms of the lease. the port received authorization from the port commission march 2016. authorizing to negotiate the lease with the joint venture partnership and the jb partnership has executed a lease. the port will actually queue upon approval of the board of supervisors. beyond the partnership which i will describe in a minute, the sb plus will provide membership opportunities for hyde park in key operational aspects in running and managing large parking operations. we hope this will lead to future opportunities between both individually and possibly jointly. so in terms of the financial performance of the lease, the lots, the combined lots that are currentlily ge

firms. the port formed a panel that consisted of both port staff and mta. staff who evaluated scores and ranked each proposal and also in a presentation. the joint venture comprised of sb plus and park management received a highest score and they are here today in the chamber. the sb plus is a national parking operator and hyde park an lbe with the city and county of san francisco. as required in the joint venture is structured for both companies that share in the risk and reward under the terms of the lease. the port received authorization from the port commission march 2016. authorizing to negotiate the lease with the joint venture partnership and the jb partnership has executed a lease. the port will actually queue upon approval of the board of supervisors. beyond the partnership which i will describe in a minute, the sb plus will provide membership opportunities for hyde park in key operational aspects in running and managing large parking operations. we hope this will lead to future opportunities between both individually and possibly jointly. so in terms of the financial performance of the lease, the lots, the combined lots that are currentlily ge