EXPECT FROM THE INVESTMENT
FRONT THE YEAR IS GEARING UP
TO BE A HUGE ONE FOR THE IPL
AND TO WIDE IT IS HAPPENING
FOR OVER 30 YEARS TO PLAY A
HUGE ROLE IN THE VENTURE
CAPITAL FIELD A FIRM FOCUSING
ON THE EARLY DIGITAL MEDIA
INVESTMENT AND EXPANSION MORE
THAN $1 BILLION UNDER
MANAGEMENT RIGHT NOW GOOD TO
SEE YOU.
THANK YOU FOR JOINING US.
I LOVE TALKING TO YOU BECAUSE
YOU GET A CHANCE TO SEE ALL
THE STORIES OF AMERICA AND THE
WORLD WHEN THEY ARE SMALL
COMPANIES AND YOU CAN DECIDE
WHAT YOU LIKE AND WHAT YOU
WANT TO PUT YOUR MONEY.
.
>> RIGHT NOW IT'S THE BEST I
HAVE SEEN IN THE LAST DECADE.
GOING BACK TO THE BOOM TIMES
BEFORE THE BEST OF EARLY 2000
BUT WE ARE SEEING ENORMOUS
ENTREPRENEURIAL ENTHUSIASM BUT
THERE ARE INCUBATORS AND START
UP LABS IN EVERY CITY IN THE
COUNTRY SIOUX CITY IOWA, EVERY
LOCALITY WANTS TO ENCOURAGE
THE YOUNG PEOPLE TO START
BUSINESSES AND NOT JUST WITH
TAX BENEFITS BECAUSE MOST
YOUNG COMPANIES DON'T PAY
TAXES BECAUSE THEY ARE LOSING
MONEY BUT THEY ARE FUNDED BY
PEOPLE LIKE MYSELF WHO PUT
EQUITY BUT THEY JUST MAKE IT
EASIER WITH THE ENVIRONMENT.
>> SOME OF THOSE ARE VERY
EXCITING THEY START SMALL AND
BECOME BIG COMPANIES LIKE SOME
OF THE OTHERS SO LET'S GO
THROUGH OF YOUR INVESTMENTS
AND TELL US WHAT YOU SEE HERE
AND WHY THEY ARE GROWTH
STORIES HOW WOULD YOU
CHARACTERIZE THOSE GROWTH
STORIES FOR A.
>> GOING ON THIS REFLECTION TO
SAY DO YOU REALIZE WE STARTED
THIS COMPANY IN THE FACT IT IS
50 OR $100 MILLION IT STARTED
OFF AS A VERY TINY COMPANY NOW
THERE IS A BIG LOSS RATIO
DON'T KID OURSELVES BUT MAY BE
APPROACHING A BILLION-DOLLAR
COMPANY.
I CANNOT REMEMBER THAT THAT
THEY ARE PROBABLY THE LEADING
ONLINE MERCHANDISE NOT VINTAGE
NECESSARILY BUT HIGH-END
LUXURY BRANDS THAT SOMEONE HAS
IN THEIR CLOSET.
>> I HAVE A TON THAT I WANT TO
GET RID OF.
>> WHAT ABOUT A PODCAST?
THOSE ARE HOT.
>> IN MY OPINION AUDIO HAS
BEEN AROUND FOREVER I WAS
INVOLVED IN THE EARLY STAGE
ALMOST 20 YEARS AGO NOW WE SEE
A GROUNDSWELL OF INTEREST IN
THE PODCAST BECAUSE PEOPLE
DON'T HAVE AS MUCH TIME TO SIT
AND READ AS THEY USED TO AND
THEY ARE LISTENING EVERYPLACE
WHETHER WALKING DOWN THE
STREET OR WRITING IN A TRAIN
AND ORIGINALLY FOX
INTERNATIONAL TELEVISION, HE
HAS A GREAT HAS AMERICAN
BUSINESS WARS, GLADIATOR AND
THE TWO HOTTEST RIGHT NOW ARE
DIRTY JOHN ADAPTED FOR
TELEVISION SHOW WHICH IS PART
OF THE STRATEGY.
NEITHER OF YOUR LISTENERS
SHOULD MISS THESE.
>> THEY ARE SOME OF THE BEST
ODD - - PODCAST OUT THERE.
>> TYPICALLY SPEAKING DO YOU
FIND OUT ABOUT THESE COMPANIES
AND THEN SAY LET ME CONTACT
THEM?
HOW DO THEY GET YOU EXCITED
I'M NOT FLATTERING MYSELF BUT
MY HOPE IS THAT WE ALL HAVE A
FOLLOWING OF SOME SORT MINE IS
PROBABLY LONGER THAN MOST
BECAUSE I'VE BEEN HERE SO LONG
BUT THEY HAD PEOPLE COMING TO
SEE THAT WE ALL GO TO
CONFERENCES BUT THEN
SPECIFICALLY AT THE HIGHLIGHT
OF THE MEDIA INDUSTRY.
>> BUT INSURANCE IS VERY
HIGH.
CRYPTO IS VERY HIGH.
AND LOOKING AT THE PICKS AND
SHOVELS THOSE FORCES THAT ARE
USED TO AFFECT THE MARKETPLACE
AND THAT IS SO SECURE.
MARIA: CYBERSECURITY?
.
>> NO.
CRYPTO.
JUST CRYPTO BUT THAT WE DO
HAVE SECURITY COMPANIES ONE IS
FLASHPOINT DEALING WITH
CYBERSECURITY WITH THOSE DARK
SOURCES AROUND THE WORLD
TRYING TO EVADE EVERYBODY FOR
THE FIRST TIME LAST WEEK I
ACTUALLY WAS HACKED MYSELF SO
NOW I HAVE THE EXPERIENCE OF
WHAT IT IS LIKE.
FOR ME IT'S EVERYTHING YOU'VE
GOT AND YOU NEVER KNOW HOW IT
GOT THERE.
MARIA: A LOT OF NEW NAMES
COMING IN AS WELL.
I AM EXPECTED TO HAVE A BIGGER
BITE IN THE SMALL EARLY-STAGE
COMPANIES AS WELL?
.
>> THE ACORNS THAT WE INVESTED
IN ONE YEAR AGO THAT STARTED
OUT AT GROUND ZERO, NOW
SKYROCKETING DEALING WITH THE
MILLENNIAL GENERATION IN TERMS
OF USING PHANTOM MONEY IT IS
AN INTERESTING CONCEPT TO GO
INTO STARBUCKS IF YOU HAVE THE
ACORN ACCOUNT IF YOU BUY
SOMETHING FOR $22.12 THEN 88
CENTS IS PUT INTO YOUR ACORN
ACCOUNT THEN THAT IS INVESTED
IN THE STOCK MARKET SO THE
IDEA IS TO EDUCATE YOUNG
PEOPLE.
MARIA: ULTIMATELY HOW MANY GO
PUBLIC HOW MANY ARE YOUR EXIT
STRATEGY AND IPO?
.
>> YOU ASK ME THE QUESTIONS I
LIKE TO ANSWER BUT IN MY
PREVIOUS LIFE I BUILT A PACS
FOR A HUGE COMPANY THOSE WERE
A CRITICAL ELEMENT.
IN 2006 THE REALITY HAD SAID
IN THE IPO WAS NOT IN EVERY
COMPANY'S FUTURE AND WE
APPROPRIATELY HAD THE
PRESCIENCE TO SAY LET'S NOT
COUNT ON IPOS THAT BUILD
COMPANIES THAT ARE