Also in this playlist...
This transcript is automatically generated
We're -- -- rejoined by a legend in the venture capital industry in an icon in the technology industry.
Mark -- saying is joining us now from Anderson Horowitz for a happy to have you here today thank you you've got your hands and so many different cookie cookie jars I know because you sit on the board says.
Many companies right now you can't talk about them that tell us who you're invested in that we all have hurt us.
Sure some of our investments editor at our firm include companies like FaceBook Groupon Zynga Skype was a big investment of -- recently that there's Microsoft bought.
-- -- -- I think if you if you delivered that tell us about the Skype deal and why you think it made such a good -- -- it's a good deal.
You know I think it was a good deal for both sides have been recovered goodness as investors it is very good protection for us but we think Microsoft bought a very viable us something they're going to be able -- -- -- their -- part.
-- -- excited that we position but you know one thing that people brought up in relation to the Skype deal and in relation to linked in going public is this concept of maybe.
A bubble that the valuations are just hide it they don't -- are justified by the underlying revenue streams.
What do you think do you think there weren't as technology -- sitting -- -- rat in Silicon Valley.
You know through the last bubble you know -- a lot of people and I you know we look we consulate for -- and see if we think -- -- -- -- and that we don't see evidence the president -- and -- sort of two big reasons for that.
What has a lot of the new private companies people -- excited about now have your bigger hitters businesses.
That some of them are over but it -- evidence that it is are these are becoming big -- companies and so they you know we we think they deserve.
You know health evaluations.
-- didn't thing as the public market most tech companies the public -- trading at rock bottom -- and so if there is a bubble for some reason it is a religion in the public market it would just be extremely useful.
To have companies like Cisco or Microsoft favourable trading fees of ten.
And then simultaneously have -- But it isn't possible for all of them to be home runs from all of them to become the next Google Microsoft Apple's there's going to be a fall out so Howell.
Do you as an average everyday investor who wants to get involved in the public markets and try and buy your way into these companies.
-- you discern what's -- diamond in the rough.
Vs one that's just it does.
I think most of that this what is happening in the private market so for the most part that the new companies and new interesting companies of pirated -- -- -- new interest in companies for the most part Republicans are available today it sort of everyday investors kept most of them.
My hope would be that you know it firms like for a person -- my investment Michael would be by the time we take the public -- -- to companies.
You know but the vast majority of the great companies -- lasting yours or just public.
Another thing that's been talked about gays a drought that happened and -- easy.
Investing circle that they just weren't great companies and invests in and now.
They're so few great companies and everyone's running into it to jump into and then and that's also driving up the valuations at least in the private market side.
What he had to say about that.
Well I think -- -- your previous question I think every great company is an exception we like to say sometimes that are jobless what we're hunting blacks once.
There that are all the big successful companies borrowers and so there's no question if you take a thousand startups there's only a few of them that are going to be big -- companies.
But I think those companies are going to be very big rival -- and so the process we go through -- and by those ultimately -- the process the public bathroom here.
Always -- out new idea is from.
From new entrepreneur yours what are the hot new sectors hot new idea is centered going to become mainstream and years -- a -- The two biggest ideas right now that the sort of serves more in the big businesses are being built close they've known as cloud computing in the -- mobile.
And actually care because cloud is coming back to -- -- report -- -- one or the future.
The -- got very excited with the -- Smartphones we have the ability to take basically.
Put computers and in in everybody's hands you know -- 2345 billion -- -- You know around the world everybody views as it works so that that's a very big opportunity like there'll be some great companies built -- -- -- What about where -- -- is happening -- so much of a distinction between what's happening here in the United States vs what's happening in places like China.
What are some of the trends that may be more international vs the ones that are a little bit like the best.
Yes so we think what's happening internationally is very exciting what's happening in China India and countries like that is very exciting but we're we we generally -- -- invest in those states were very bullish on the future United States were putting the vast majority of our dollars in the US companies announced -- -- The United States in particular sort of -- is still the best players in the world to build new technology companies are doing -- -- now.
And so is not an accident that you've had companies like Microsoft Google and Cisco mental filter over the last thirty years and we think -- traveled to continue.
What about the environment right now for entrepreneurship that there and it and there's much that's being made at some of their policies that are being put in by the government things that -- be a little bit more friendly.
To Silicon Valley is there anything thank you will see that that they that President Obama and the administration would would listen to you.
And that they're not really hearing right now.
-- I think sort of -- we always have a wish list like we always wish that that there were certain changes for example might -- one -- -- immigration which it was easier to hire Smart people and bring them here.
-- them -- companies in the United States.
But generally the justice delivered for entrepreneurial environment generally there's there're fewer barriers here than many other countries generally the culture -- still very pro entrepreneurial -- I can't -- that I -- and -- -- -- Other than maybe immigration.
Yeah right well that's a comment that's a common that complaint that a lot of people in Silicon Valley have to make.
Before like -- -- -- -- for the budding entrepreneurs that are watching right now and and they want they dream of the opportunity to get in front -- the -- Gives them a sense for what they need to bring to the table and how they need to present it to you in order to get some of your seed money.
You know the describe it as we we invest in computer science are graduates out with victories and so we're looking for somebody with -- -- we're -- -- -- -- person -- team went deep technical skills.
The particular computer science computer program and almost always women were looking for a bigger something that can change the world supposedly to be revolutionary.
Two very simple concepts a little bit harder to do in reality that's -- I had and that's why it is a challenging and exciting field.
Mark and -- and we're so happy to have you here thinks every time and thanks for being on Fox Business to him.
Filter by section