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The term repo takes on a completely different meaning in Silicon Valley it means -- Reciprocity or a big chunk of software just one of an entire new dictionary full of words created by one of the hardest startups in Silicon Valley.
It is day three at 86 annual -- three days in the valley -- claiming is here to translate black list.
Well I got -- I'd like to fork or repo one -- hub but I need to send a poll request first.
What I just say okay this is a brand new process that has been invented by the super hot open source.
Code sharing startup called -- -- but we are here with the CEO Tom Preston werder who is the distinction about having been granted.
The most first round funding ever for her start up firm Kleiner Perkins and that would be a hundred billion dollars and what you've done with the money before we get to what your company does.
Well we have a lot of users were growing really really fast but we want to do is.
Make it easier for people to work together on software projects and in order to do that we have to keep innovating how people work together so a lot of research and development projects.
And a lot of work in it and during the -- -- -- Market okay so again with the lexicon here that half of us don't understand the fact is that -- -- this fascinating because nothing happens in Silicon Valley.
Without code writers but you're web -- allows code writers to write code than others to -- -- requests to Alter it make it better and what are the advantages of open source.
Open source is really what drives a lot of the innovation in today's businesses instead of having to build everything yourself.
You can start with this really great bass player technology on which you can build so you won't have to reinvent the wheel.
While it's almost like two heads are better and NY and -- -- twelve other people way and -- make it's a really great ideas that's exactly sort of like the electricity of today's business.
Sort of business without electricity without buying electricity -- when he -- sort of business today.
Without leveraging -- resourceful when the top.
Venture capitalists from one of them at least Kleiner Perkins says you guys are so interesting to us that we're gonna give -- -- hundred million dollars to grow your company what kind of pressure does that put on him.
Not a lot of pressure but that's the kind of pressure that we need in order to really excel -- And what you don't want to do with the mistakes of the dot com bubble which we spend too much shot on sort of -- -- -- ball area all the free food but you guys have actually belts at a fair price they say this area that looks like the Oval Office in your office.
That's correct really what we're concentrating on with the office is making a place that people can come visit us -- we can work together with them in the physical space.
The Oval Office is actually reception area trying to cure rate.
The visitor experience as they entered it.
And here's one thing I want the Fox Business people to see you all work -- companies right.
You do not like the hierarchy the managerial hierarchy so the word manager is a bad word isn't it -- nobody has titles but -- CEO.
That's correct we -- titles when there are those of us that interface -- with the outside world.
But internally really it's about leadership it's about.
Leaders are rising naturally via the work that they do an atrocity they gain with a fellow -- after the money came then you guys were valued at something like 750.
Million dollars -- billion is right around the corner.
We're -- IPO at some point.
Plus possibly you know we don't really think about that we think about -- four million users that we have we think about eight million repositories that these developers designers and business people are working on how to make their lives that.
I -- finally as we wrap up here they have the coolest T shirt in the valley that everybody wants right now -- if it has their logo which is called the opt out cat.
Hi locked up -- cubs' very right here with and it's all about sort of the excitement here in Silicon Valley get hub is a perfect example Tom.
Thank you very much English and I think that is great glory and it's this kind of Brady -- stuff it's just fascinating here we like to show the startups and the big companies like -- here which is already gone public back to you.
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