"[Music] really a pleasure to be back here and see you on such a wonderful new setting where you know we're above ground and there's windows and you can stretch your legs uh my hope is that this time i..."

"after we've uh filled out this whiteboard the topics I thought would be great to start with included any questions you may have or discussion about your career or the next big thing or mobile in the w..."

"please yep hi John I'm uh kader anomaly mba1 um I had a question about mobile payments and specifically around uh NFC and and sort of why like although NFC has been here over over the last like three ..."

"name is sen okay I'm going to put that under startups all right but certainly some of the CEOs who I'm fond of are running something more than a startup we got a microphone here and a question yes yes..."

"yes sir hey Steve grman I'm a first year MBA student I just curious as to what advice you gave the president as part of your advisory role and uh which of it he took well I'll answer part of that ques..."

"would estimate like a mediumsized venture capital fund what would it take to be a partner uh financially and also perhaps in terms of number of deals that you have gone through right I'm going to answ..."

"name is Katie Holt I work here at the business school and I'm interested in what you think is happening in the markets right now if you got hot stock tips or what sectors you're bullish on I don't hav..."

"new Therapeutics mhm okay so well I'll put that in another maybe uh valley of death for therapeutic Innovation who else has a mic um hi uh my name is yonus I'm a first year MBA here as well I don't kn..."

"minutes to uh have more interaction I I want to uh take on a couple of these at first and then uh tell you a little bit about U Kleiner Perkins and and and where we see opportunities I think a place t..."

"that time I could recognize this was a very well-run company very aggressive very disciplined and many of their practices I've tried to take to our partnership and then other companies like objectives..."

"topics I'm going to address in these slides so maybe if we could cut to those uh if you'd go to the PowerPoint that that would be U ideal so uh I'm one of the partners at Kleiner Perkins Coffield and ..."

"companies I've just selected some of them some of them here are newer uh uh some of them are are older like Genentech which pioneered the life sciences industry but whether you're looking at uh corser..."

"become global companies now I've done this work together with uh 18 other senior investing Partners at Kleiner Perkins we're in Three Fields so you can figure that's about six partners for field six p..."

"things these companies can fail even whole initiatives can fail and that's okay with our limited partners they have a number of managers and Venture investors and they they'd like us to swing for The ..."

"the information technology Innovations during our lifetimes the first was was when Intel popularized the microchip in the 1980s and we saw it as the personal computer era companies like uh like like M..."

"quite extraordinary and so the company today is worth $400 billion and one of the four horsemen that are really setting the the pace for Innovation and of course it doesn't stop there if we go from co..."

"valuable stuff on the web I'm citing Flipboard look at path back then it was Diaries today it's really inant sharing of frequent Ms in a truly personal truly uh uh social network not just a gathering ..."

"Innovation here's energy Innovation how many people have seen or installed a a smart thermostat from Nest we're blown away by the results of this in just a year's time they're more than five times the..."

"um if I could have the next slide please ah thanks very much here's what I did when I was making my career choices I don't know if it's relevant or rate for you but I prioritized looking for a place a..."

"attract other really great Executives and you'll strengthen your networks I think there'll come a time probably not certainly where you're going to decide I want to swing for the stands I want to foun..."

"looners and you're on your own or there's a real emphasis on mentoring on coaching so that the whole team gets better I think it's a difference between an attitude of entitlement which I find unappeal..."

"Stanford Business School I think this would be a good time to throw a few more questions up on the board and then I'm going to work on answering some of them so if we can pull the mics out again whoev..."

"joh I'm Dan I'm a alumni my question is about uh what do you see the opportunity in Enterprise uh software and Enterprise infrastructure do you think it's a big next thing thanks I'm going to put that..."

"under next big things okay Enterprise opportunity another question please name topic hi yeah oh up here hi thanks my name is elad I'm a first year MBA student um you said in your slides before that Fo..."

"Fields couple more who has a mic hi up top yeah up there thank you hi I'm Jasper I'm a first year MBA I'm curious what are some uh spaces and opportunities that you're excited about now that you have ..."

"X the valley yes sir hi John I'm kardo MBA 2 from Mexico City I'm curious on what your thoughts on are on the proliferation of startups outside of the US uh going a little bit deeper into that okay st..."

"industry where did I put Healthcare there was another Health Care topic ah Therapeutics so that's a ciner question really what's kp's Health Care uh Health Care strategy let let me if you can ask you ..."

"experience anyway at Intel and uh then somebody asked me a really tough question which is what would be my advice to an MBA now and I think the place where I'd start is to recommend that you go to a f..."

"CEOs that I know or startup Executives who are trying to lead and run technology companies and who can't program or don't have some grounding in the technology they regret that so that'd be one piece ..."

"who it is that you would choose to spend the rest of your life with so don't give that short shrift don't wait until you're 30 to figure out who you may marry because you might find yourself Running O..."

"from zero Cloud revenues which is when Amazon web services started here a few years ago we held a reception with Jeff Bezos to$ 270 billion by 2020 that's an enormous just Services that's an enormous ..."

"we invested when he arrived and uh I think it illustrates the power of those Cloud Technologies and also something else I said which is the new currency is Engineers they are what are very deer and I ..."

"wide open ones that uh we're looking for anyway I'm not going to tell you about all those but but but but there are some we talk about and every year we go off and we look out three to five or more ye..."

"think of that we backed four battery companies some of them look promising I don't know if any are going to work but it's showtime we're going to f figure out in the next year or two I think the bigge..."

"roads God God bless Larry Page he's got and lar and Sergey he's got a great big Vision we believe that these wearable devices whether they're smart bands or Google Glasses or gathering more more more ..."

"that'll scale very quickly you see it in KH Academy which has over five million daily users taking their courses and We Know by studies advancing a lot further you see it in corsera right corsera is 1..."

"education globally either okay payments in NFC uh I confess I should know more about this than I do I think there's uh very little doubt we can all agree that U these devices this Android which has NF..."

"really proud we were able to Back Jack dorsy in his company Square where my partner Mary Maker's on the board and uh they took a particular part of the unserved payment system which is very small merc..."

"winners let's go to venture capital for a moment uh this notion about it takes $25 million to start a VC fund as I said before no that I think it takes 25 million of losses to train a good venture cap..."

"is the long the long feedback Cycles in venture capital in backing a team what I will tell you is along the way you can measure project progress Andy Grove says if you don't measure it doesn't matter ..."

"dollar profitable energy provider somebody asked who my favorite CEOs were and without ranking of them in any particular order of course I think the one we all miss the most is Steve but Jeff Bezos is..."

"important who else who else who else thinks there's a great CEO out there who you admire just put your hand in the air and call it out I'm not GNA get any takers here come on yeah Pat Romano okay any ..."

"displacement Market that exists so now if the Google guys followed my advice they wouldn't have built yet another search engine here's the point they had a really disruptive technology the page rank s..."

"to help with that uh the dinner with the president what was the advice to the president that came not so much for me but all the executives who are around the table who included Carol Barts and Larry ..."

"made can be done on a regulatory basis uh we're coming quickly to the close of our time so I think what I'd like to do is ask for three more questions just those three and I'll try to answer them righ..."

"making I'd like to close with two thoughts uh the first is that for those of you who would someday like to be in the Venture Capital business my advice is get really meaningful successful entrepreneur..."