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TechCheck

Tech Bouncing Back, Upfront Ventures Partner Mark Suster on Investment Outlook & TCV Founding General Partner Jay Hoag Talks Netflix

TechCheck

CNBC

Management, Cnbc, Tech, Faang, Investing, Business, Disruptors, Technology

4.566 Ratings

🗓️ 29 September 2021

⏱️ 44 minutes

🧾️ Download transcript

Summary

Our anchors kick off the show from the Code Conference in Los Angeles with reactions to Elon Musk’s comments on crypto yesterday. Then, Plexo Capital Managing Partner Lo Toney joins to cover more the themes from the conference. We also get Toney’s reaction to comments from European Commission Executive VP Margrethe Vestager on regulating Big Tech from her interview with CNBC’s Carl Quintanilla. Next, Upfront Ventures Partner Mark Suster joins our anchors at Code to discuss his investment outlook and which categories he sees opportunity in. Later, TCV Founding General Partner Jay Hoag joins to give his take on the market as well as Netflix and the broader streaming space. Plus, CNBC’s Julia Boorstin brings us her interview with WarnerMedia CEO Jason Kilar where he says he sees Amazon, not Netflix, as their biggest competitor. And later, DocuSign CEO Dan Springer is here to talk future growth of the company, whose stock has tripled in 2020. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0

I'm Julia Borsden, and you're listening to CNBC's Tech Tech. Our show is live weekdays at 11 a.m. Eastern, listen in. You're taking a lot of risk to stay with tech rate. You get days like this. It's a neat opportunity to actually put the money to work. The problem in a broad, overpriced world like this is what the heck do you? There's a vacuum in the markets of sucking in all the capital.

0:22.6

You know, that's leaving other opportunities that are left for dead.

0:25.3

For the last two years, when the mega-cap tech stocks sold off significantly, I'm a buyer.

0:52.8

Yeah. Good Wednesday morning. Welcome to Tech Check live from the Code Conference in Los Angeles.

0:55.3

I'm Carl Kintania with John Fort and Julia Borssten on set together for the first time in a very long time. Today, tech stocks rebound

1:00.1

after the NASDAQ's worst day since March. Investors seemingly buying the dip after that ugly few

1:05.4

days for growth. Big tech and the mega cap names got crushed yesterday with Fang Plus and the

1:09.8

NASDAQ 100, both on pace for their worst month in a year. So what's with all the confidence from tech

1:15.6

we're hearing here at Code? Several big name tech investors are ahead this hour to explain how

1:20.6

they are remaining bullish. POS Plus Tech's biggest CEOs, which is where our feed kicks off this morning.

1:39.3

It's not possible to, I think, destroy crypto, but it is possible for governments to slow down its advancement.

1:41.1

So what should the U.S. government do?

1:42.9

We had Gary Gensler on earlier.

1:45.2

SEC chairman. He was calling it the wild west of finance. What should they do, if anything?

1:52.5

I would say do nothing.

1:54.5

Okay. They're not saying that.

1:57.0

Yeah, I mean, I wouldn't seriously let it let it fly.

2:02.6

Just one of the many topics that Musk covered with Karas Swisher last night talking about crypto.

2:07.1

John said it's not necessarily the second coming of the Messiah, but it does reduce latency in payments.

2:13.0

Also, quite humorous, I think, take his defense on taxes, right? And also billionaires

2:19.8

going to space, saying people should sort of thank billionaires. Maybe not the top of the thank

2:23.9

you list. But goodness, like do nothing on crypto. I mean, that's a bad idea. That's like, you know,

...

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