"i am ben horowitz andreessen horowitz and i'd like to thank you all for coming we have a really exciting and thrilling guest tonight Mellody Hobson and I'm going to give a brief introduction since we ..."

"turtle holding up a cup and I thought that's a quite an interesting logo and how does that reflect the firm's investment philosophy ariel has a turtle as a logo we've had it since our inception 32 yea..."

"give me an example of like how that might play out on an investment like what's an investment that you've made where the world had turned on it in the short term a simple one that I think works for th..."

"public shareholders how do you so you're a long-term but they're not always there yeah they're not always and they do tend to be prone to panic and you know on Madison Square Garden the NBA lockout ki..."

"our firm john started a firm when he was 24 years old when 24 year olds didn't start investment firms and go to pension funds and ask for money and he had an unusual way of coming to be just a an obse..."

"and then is there an application of that to investments themselves as well or is it is it more of a management life philosophy or is it also an investment philosophy like are their investment decision..."

"how he sold that how do you predict that or how would you think about it's hard to predict like really is a you know you're you are in our situation we are literally looking we do scenario analysis if..."

"down and they sold it to rouse which was another one of our companies okay so you said you said two things earlier that I know that a lot of our portfolio CEOs are thinking is extremely interesting on..."

"was 17 now I wasn't your typical 17 year old I was very driven very focused for a whole host of reasons and I was a summer intern at Ariel when I was 19 years old when I was 20 John sent me to be an i..."

"read an article about dick Parsons who was running time savings and loan he was featured in The New York Times Magazine section and he said melody get us in to see dick Parsons so dick Parsons in the ..."

"Philadelphia with me yeah so we fly to New York to write the train to Philadelphia we get on the train and Jack Bogle is like you know industry legend you know invented Vanguard and it was a senior th..."

"knew to do that but he did Wow and I assume he didn't tell other people they were going to be President so he just needed that for you and there were you know there was one person who had a problem wi..."

"John always says even with CEOs that were looking at where we're investing he said there's nothing worse than the person who is that some people move just in time yeah and we all know those people rig..."

"people take them and I think that more often than that they're gone in two years so it's interesting as I've often thought you know from my glimpses at your world and times that I spend on the group o..."

"product cycles are so short sure it's actually that's a good segue into you know one of the big memes that we have in technology is it's a bad idea to go public because public investors are all just t..."

"repeated and repeated repeated and so how would how would you advise us on that given your position as a public market investor so on which piece there well on that life we should go public because pu..."

"leading up to it with some of the filings you have to do obviously there transparency there when you get over certain number shareholders but it is a transparent existence and I think it at times if y..."

"have a meeting you know what would I expect in a meeting like that and what are the kinds of questions that you want to ask me so we're not gonna ask you about a quarter we're not gonna ask you about ..."

"organization called BIA associates business intelligence advisors ex-cia agents who help us in in and they littering the light they are unbelievably great they literally train you to understand and kn..."

"yell at people you want them to feel aligned with you and we are they we are in it together with them we are owners of their business with them we often own varied we are often the largest shareholder..."

"like the people who died in the oil rig fires no or it could be search and rescue for anything so in this in the country of Britain they are the outsourced provider for search and rescue for the count..."

"five years okay so that's already baked into the price yeah so we do all that math and say right this makes a lot of sense okay so when we have those conversations with them we are going to add the is..."

"something has not gone well if we're interested in your company right right so it seems like melody shows up I guess you probably are they probably already know they have problems so yes no but they l..."

"very hard for some people to understand yeah no question and so like of the companies you look at like how often are they truth tellers versus hi people we are avoiding trying to avoid the high people..."

"concentrated portfolios Rupal Bhansali who runs our international and global portfolio you know she's looking at thousands of Sakshi eliminates two-thirds of them right off the top first process is on..."

"where you don't you can't see any history or track record so that's not to say we won't buy an IPO we usually are buying cold IPOs but we're buying IPOs that the company's been in business for enough ..."

"then he just misunderstood there or he didn't weigh his own principle the core business hardened nothing I think he felt he was discouraged by the debt piece but the debt piece was manageable because ..."

"believed in and what do you learn from that knowing him and who he is and do you look for that sometimes in companies well your facts are close but a little over corrected the original Star Wars budge..."

"years but you know was a big mess yeah but it was to make their quarter that they made that trade but knowing that story that you have an entrepreneur like that who's got the confidence in himself to ..."

"again taking the long term view George was in it for the long term he will tell you he did nothing to make money he did he was practicing his craft and he happened to make money but he ended up being ..."

"amazingly intricate like one of the things that that that we tech people love about it is just like the just sheer force of imagination to create that whole thing with all those all that stuff well it..."

"mean fanaticism and detail so you pull out Tatooine language clothes plates silverware terrain like it's this big Wow every every planet hoth same thing you know he'd go you go on and on you said see ..."

"there that has been very his brain and the brains of his friends they work in a completely different way probably more similar you know a lot of everything he did was tech based so you know he sold Pi..."

"representative of shareholders in your fiduciary my job is not to be the creative force at DreamWorks right my job is not to even create critique that you know we watch a lot of movies in our board me..."

"decisions for the company I know that that may sound counterintuitive but it really is something like if you have an independent board in there you want to make sure that your own point of view doesn'..."