Our last day of Disrupt NYC was bittersweet, but we all got to ride a Tesla. Make sure to check out our favorite moments from Day One, Day Two, pictures of the whole event (including the Hackathon, Startup Alley, backstage, and our after parties), and all of the videos we shot while in New York.
Looking back, here are some of our favorite moments from our last day of Disrupt in New York City.
Chris Farmer, a partner at General Catalyst Partners, introduced InvestorRank at Disrupt and revealed the top 10 venture capital firms. He explained how InvestorRank looks at the connections between VC firms and is based on how connected and trusted a VC firm is. Many people were surprised to see where certain firms were ranked. Do any of the rankings below surprise you? Be sure to read more about InvestorRank here.
When Square COO and angel investor Keith Rabois took the stage with Michael Arrington, they began discussing the mobile payments product and his investment strategy. Knowing Square was on track to process $1 billion in payment volume within one year, Michael Arrington asked Rabois if he thought Square will ultimately do better financially than PayPal.
Rabois was more than a little optimistic about Square’s chances against PayPal, “We are not limited to just e-commerce, we actually enable real world payments, which is a much bigger market and is more valuable.”
To see more of Arrington and Keith’s chat, be sure to watch the video below.
You were busy, so I had
to talk with others about amazing stuff
he's going to say.
OKYou 're going to ride that offstage.
Why don't we just give it away to the audience right now?
OK, maybe we could.
Are we legally entitled to do that?
No.
Good morning everyone.
I'm here with Keith Rabois, the COO of Square.
Welcome to Tech Crunch Disrupt.
Thanks for inviting me.
Thanks.
So yesterday you were, was
it yesterday?
You were busy Monday.
Yeah, it's already Wednesday.
You were busy back in San
Francisco launching some really
interesting new products with Livestream to here.
Thank you for doing that.
We appreciate you hosting us.
I want to talk a little bit about that.
But in exchange for talking
about that and pimping your new
stuff, I want to pick
your brain about a whole bunch of things, if you don't mind.
Sure.
Let's go.
So first off, you hurt your knee.
That's true.
And that's why when I originally
invited you to Disrupt you said I
can't come because I hurt my knee playing soccer.
And then now you actually
made it out here even though your doctor told you not to travel.
So, yes.
I sprained my myself.
My question for you is,
what's a grown man doing playing soccer?
Some of us have to try to stay in shape.
Some way or another and soccer's more
fun than going to the gym.
It's actually an
Did
you just say I'm fat basically ?
I believe there
is a connection between your physical fitness
and your brain, so we try to encourage healthy activities.
So let's talk about Square.
Sure.
So what you announced.
And who here has seen what Square announced?
Are you guys aware of it?
And OK, new question.
We should rebroadcast.
Only about half of them have seen it.
We 'll force everyone.
Who here has used
Square either as a buyer or a seller?
There we go.
Wow.
Yesterday how many people play
CityVille, and it was like, me.
Bing, Gordan and I, and that was it.
Awesome.
More people use Square than play CityVille.
I'm actually proud of that the thought of.
That's the first statement from our perspectus.
So tell us about the two things you that announced on Monday.
So we were really excited to announce two things on Monday.
One we call Square Register which
is the default way to run
a business in America in 2011
and 12, which is you take an
iPad and you replace
these clunky cash registers and
replace these ugly point of sale machines.
Your place in need for
a menu, your place in
need for ugly loyalty cards, paper
and receipts that everybody throws
away, all in the box, all three.
We just charge 2.75% for every transaction you swipe with your credit card.
It tracks all of your sales.
It gives you an inventory reporting.
It's awesome.
Is it like an introductory rate?
Sort of once you get them locked
in, and you're taking over the
hardware and the software in
their business you're like it's 5%.
No, we don't believe in that at all.
As you know, the financial services industry
has historically been predicated on these teaser rates.
where people, you'll see these
solicitations in the mail
if you're a small business or a
local business, you'll get offers
of 1.7% and then there's like 55 footnotes.
And in fact actually, if you
look at these documents - and I
went to law school, as you know
- it takes me like an hour to read one of these documents.
And, you know, like, I'm
probably a little bit more
suited than the average small business to do that.
But there's no way to figure out what you pay with most services.
So we have a brand that stands for simple and transparent.
What you see is what you pay.
So all we charge for is 2.75% per credit card swipe.
Everything else is free.
Works with your iPad or iPhone or Android device.
So tell me about the card case.
So square card case is the flip side.
So if you're a consumer, what we
now offer you is a value
proposition where you can just
swipe your card once and return
any time to a local institution
- your favorite local coffee shop, your
favorite local bar - and just pay with your name.
So imagine going to your local bar...
So wait...so, okay.
So, let's just say...so I come in and let's say this is my phone.
I don't keep my...I
don't have my phone with me
on stage because all my friends call me.
And then it's just
buzz, but yeah, so...So here's my phone, right.
This is the new...the Android H2O.
All right.
And...
It 's about as good-looking as one.
Yeah.
So you are no longer the CEO of Square.
You work in the local cafe.
Okay.
And you work the new iPad Square cash register.
Got it.
So I'm like heading down, right,
and I pull up Square on
my H2O.
And I, you know, it
knows I'm coming to a unit,
it could pull up, like, your, sort
of, stuff on Square, and see your menu.
So you see my menu updated in real time.
So anything I change on my
menu for the day, specials for the day.
It's right there on my phone.
You can even see the most popular items.
But I can't actually order.
You can't order that today.
But anyway, so I can't
order, but I know, I like,
oh, wow, the latte looks good.
Exactly.
Hey Keith, sorry about the
knee, I would love a latte.
Okay.
Right.
So you hand me a latte.
So I hand you a latte.
And that's all you have
to do now, since I know
your name, I'll just say, "I'll just place it, put it on Mike."
But if, let's say I didn't
know who you were, you would actually tell me your name and say "Put it on Mike's tab."
Yeah, this is all confusing.
I think what you're saying is on your iPad at the cash register-
Correct.
-it shows like the four people
in the cafe that have
Square sort of open or are users.
Exactly, you really need to see it.
If I've already swiped my card with
you once, we're good.
I just hit a button, "Pay."
You don't even have to hit a button, "Pay."
You actually have to open
the app sometime within a
two block radius, like when you're approaching the store, consulting the menu.
And then when you get to the cash register-
You hit a button.
I'm hitting a button.
I don't authorize at all.
I'm checking you out.
So you could just sit there
and check everyone out for whatever
you want and all I know is I get the receipt.
You get a SMS notification.
Is that legal?
Can you charge a card without any authorization whatsoever?
It's very compliant.
It's just like one swipe.
Think about one click on iTunes or one click on Amazon.
There's no click.
Except it'd be Apple clicking.
It would be like-
You went to the store and said I want this.
We 're just removing the friction and mechanics of paying.
Fair enough.
Led me to focus on talking to
you about this great Cappuccino I just prepared for you.
So this is pretty awesome ut
my question for you is, is why not stored value at this point?
I mean, you're right there, right?
So, you're still charging my card for every little thing.
I think stored value, you have
to create a stored value only
where there's a value proposition for the consumer.
So I don't think there's a lot of people running around that want to add balances to their phone.
Like, would you do that?
Sure .
Who in here, raise
your hand if you would actually add a balance to your phone, like in advance.
Why not?
Well, why?
Better than like, It's better
than a separate 25 or
$1.50 charge to my
card why not
have $20 or something in stored value.
And you did this with
Paypal because you're a Paypal exec and it worked out pretty well for you.
At Paypal, we never required you to have a balance.
What would happen is, let's
say I was an eBay seller
and I would sell my goods on eBay.
Yeah.
We allowed you to preserve and keep them in the PayPal system.
Actually it provided a very attractive interest rate.
For a long time, it was
the highest interest rate you could
sort of earn in, let's say, a money market fund.
And that encourages you to
keep the money, because...
So you'll never
do stored value, is what you're saying?
Because backstage you said it's coming.
No, I didn't say...
I said, "is stored value coming?"
You said, you know, "Yeah."
It's coming from other players.
You did that thing that said "I can't say, but it's definitely coming."
I don't believe in stored value
where you have to advance money into
your own account in advance of a purchase.
I do believe there's some value
proposition just like a bank,
where someone makes money, they
reserve the money somewhere, and
they leave the money there, because it's attractive to do so.
Speaking of PayPal, We're talking
about the growth rates
at Paypal versus your growth rates at Square.
And I know I used to love
Paypal, not just because
of the I think then at first and then the five dollars you got.
Yeah, I loved it
because you could pay through the
infrared on the phone, you guys remember that?
Any of you guys just
pay people and it's really neat.
How, you told me
that you're, actually even now,
you're going to do a billion dollars
in transactions this month.
No, I wish.
You're getting to the point where you've done a billion dollar run rate.
Run rate, Right, right, exactly.
And that's over seven, eight months?
So, no, that's if you annualize what we're currently doing.
Oh, I'm sorry.
Actually you're on one billion dollars sort of run rate.
So it'll imply that you're doing
like, you know, you'll do, like,
ninety million in a month or something.
And it's been how long?
Seven months, we launched October publicly.
Okay, so where was Paypal after seven months?
That's my question.
So Paypal had, the first
three or four months actually, we out-executed
Paypal so I used to have
a slide presentation where I sort
of compare our rate of
growth versus That was before you joined the company, right?
No.
I joined August last summer.
OK.
That's when growth just hockey stick?
Yeah, totally accidentally, but good conflicts.
But, in any event, the
key comparison to PayPal is, PayPal was a free product.
Many of you may remember that.
Paypal charged That was, I was setting that up for the punch line.
Oh, you're setting up the punch line.
OK, so in the
fifth month, Paypal actually outperformed
us in-group pretty well, but
Paypal also provided its You're roughly tracking Paypal's growth?
Yes, except that we're not free.
Paypal paid for new users.
10 dollars per user per
How much did Paypal pay out?
$5 million in March of 2000, just that month.
Just in that month?
Just in bonuses.
Let alone the cost of not
And PayPal was completely free, and
you're charging the two point seven five percent introductory rate.
No, it's not an introductory rate.
It's all, what you see is what you pay.
No fancy calculator required.
This Google NFC, this
They've announced without announcing, they're
going to announce tomorrow, sounds like
it's pretty competitive with Square,
and you don't need the swipey thing.
Is it just, like, game over, done?
Go to your next start up, or?
Oh, of course, my, Well, that seems pretty compelling, right?
No, I think there's two things to point out, I mean, this is obviously all rumors.
Speculation, I mean, I've read articles
on the Web, there's no product
yet live to play with, so,
planning on a product that
you don't get to use, It's pretty overt
rumor and speculation at this
point, they're going to use NFC
that a lot of people check out, without a credit card.
So the way we think about
NFC is, it's an interesting technology,
but it's technology in search of
a value proposition, so at
Square we focus on how do
we deliver, how do we
deliver value to consumers, how do we deliver value to local businesses?
So we start with, what can we
do to make the world better for
buyers and sellers, and how
do we forge tighter relationships between them
and take the friction and mechanics out of the way.
We don't see really any
benefits to NFC in that process.
Second thing is it has no relevance to a lot of.
The core tentative square is that
anybody can get paid with credit
cards and debit cards, NFC has nothing to do with that.
Google's not announcing a way for you to accept, get paid on your phone.
They're announcing potentially a way
to pay with your phone, which
is quite different than the core essence of Square.
When will you become
an issuer, a credit card issuer?
Because you're doing all the pieces,
you say no stored value, although
backstage you said definitely stored
value, I thought you
did, maybe, you had that look
that said but the issue
work, why not issue a credit card at this point?
Square's a brand.
People love it.
They certainly love it more than Chase or Bank of America.
Why not just go there?
It's a great idea.
We'll consider that.
We have 100 employees, full-time at Square.
We're growing really rapidly.
We're adding one or two new
people at least per week without
fail.
There's only so many things you can do at the same time.
If you did it, would it be,
would you become a bank and do
it, or would you just do it
through a bank and a partnership to your local one?
I doubt that we would become a bank.
But Paypal issued basically
debit cards, they were called
Paypal Preferred cards the top
two hundred thousand users, they were
very attractive, there was a
lot of value proposition, it had
like a five percent cash back,
it was actually a great program
that Reed Hoffman came So there's
a lot of ideas in the
space that we could take
advantage of and innovate on
top of, but we're not committed to anything right now.
Come on.
Give me one piece of hard news besides the stuff that we live-streamed over there.
Hard news.
I don't know.
The stored value?
Probably not going to do it.
No commitment.
Issue a credit card?
Probably not going to do it.
No commitment.
Google?
No chance it competes with you.
That's actually a pretty strong statement.
But nothing else on this?
If there's not, we can move on to your investment sort of stuff.
I 'm happy to chat about anything.
Obviously we have lots of future product plans.
We always explore them internally and debate them.
We just did an announcement
on Monday, so we'll have some interesting things.
Well, congratulations, I'm very excited about it.
Thanks, we'll get you using it as soon as you get back to San Francisco.
I'm, theoretically I'm an avid Square user.
I just, I don't like it.
I don't like the swipe thing so much.
And I told Jack this, actually that is a question.
I don't like the design
of it too much, I think it
would be better question about
Jack is, like, you are...I assumed
you were acting CEO, but you
say you're actually still the COO.
He is the CEO of this company.
Of course.
Is it weird that he's doing both?
Is it hard to get his attention sometimes or...?
No.
I mean, my role hasn't changed a bit.
Like, so I've been COO since I
guess September of 2010, and
the company operates the exact same way it always has.
Jack sets the vision, product directions,
the pixel perfection on everything we do, and runs
engineering, runs design, and that hasn't changed at all.
Okay.
And so it's working out really well?
It's working out great.
No complaints at all?
Oh, no.
Not at all.
You don't feel like, you
know, you're the mistress, and
he's married to Twitter or anything like that?
Nothing bad to say at all?
No.
Absolutely not.
So you are one
of the most impressive angel investors in Silicon Valley.
I mean, you...there's this hit list
for decades now that you've invested in.
You've invested in...you're on actually the boards of Yelp and Zoom.
That's correct.
You have invested in Airbnb,
which is just the darling right
now of the...I mean, everybody You just saw onstage why.
What valuation do you invest in at Air B;B?
It was the last round, right?
Oh, no.
It was, well a while ago.
What was the evaluation then?
I can't tell you, but it was a lot lower than it is now.
What is it now?
Why don't you ask Brian?
You invested in Youtube at what valuation?
This is one you can tell me, right?
It was the first, I can't
remember, it was somewhere
around $10 million dollars ?
$10 million dollars?
I don't remember.
And that sold for one point six five.
Correct.
Billion.
You were an investor in LinkedIn, or
you were at LinkedIn, Both investor and employee.
How much money did you
personally make on the LinkedIn
IPO at a $10 million valuation.
How much money did you make on your sale to AOL?
I will tell you, if you tell us.
That 's a hard trade.
You invested in, to
be honest, I would have
made you tell first and then I wouldn't of told.
Journalist .
You invested in Quora.
Yes.
And that was a 90 million dollar valuation.
I won't confirm the valuation but it was part of Benchmark Surround.
Okay.
You like that investment?
Yes.
Oh, yeah.
And then Palenteer?
Palenteer.
Okay.
Anything else?
Event Right, another great company.
A huge winner.
It looks like they're going to win.
Kevin's doing awesome.
Kevin and Julia both are doing awesome.
You should have them onstage.
What do you look for in an investment?
People.
Mostly people.
Team.
Like, the individuals founders.
Idea really matters far
less than--
People first,
idea/product second, but product is
really a way of reflecting back on the person.
So, you can sort of see by the product instead of a resume.
Yeah.
Like, how the person thinks about the world and what kind of things the grasp.
Good.
And things they can teach you.
Yeah.
So, looking at the product is awesome and then people.
If you were fetching yourself,
as an investor looking at
you, What would you say your biggest weaknesses are?
I am not a product visionary.
That's why I like working with those who are.
You're not a product visionary?
I'm pretty good at picking
up whether a product will resonate
or not, but I can't actually create that from scratch.
You like being with the product visionary and help making it happen.
Yeah, I mean, there's not that many product visionaries, like, in the Valley as a whole.
I mean, that, we're sort of limited.
Let's name them.
So Jack's the best.
Jack's the best I've ever worked with.
Your boss, right?
Yeah.
Yeah, OK.
Who else?
Would Steve Jobs-
David Sacks is great.
So David ran product to Paypal.
He now-
Somebody who wasn't at Paypal.
So Max, David, let's leave those guys out.
Okay.
So the core team's amazing.
It's a combination of Adam,
Charlie, and Rebecca for the most part, started the original.
Okay, let's take out anything you've invested in as well.
Alright.
Lots of Apple products.
Unfortunately, I don't own any shares, never owned any shares of Apple.
But I use them all.
Are all product visionaries a little bit crazy?
Yes.
Absolutely.
I think all great entrepreneurs are a little bit crazy actually.
I sort of had this phrase once that,
sort of I was brainstorming with Peter
Till once which was like "Only
disruptive people create disruptive companies."
If you're completely conventional, it's
very hard to create something radically interesting.
Tell me the chances, 0 to
100%, that Square will be
more important culturally than PayPal.
Culturally, that's a good question.
Fifty-fifty.
and more, and we'll do better financially.
Considering PayPal, the investors
it was ultimately 1.5 billion.
Right?
Yeah, so I'd say 95%.
95% chance.
Yeah.
Yeah.
Also I just think our market is so much more massive.
So PayPal only serves eCommerce which
is 5% of the U.S. economy, 6% if you get, you know, sort of stretch things.
We serve the rest of the world which is 20 times larger.
So, Paypal is limited to eCommerce.
The real world is 20 times larger so we should do 20 times better.
Plus our value proposition resonates better.
So, you're saying Square is worth 30 billion dollars then.
Today?
No.
You said 20 times better.
Paypal has been around for a while.
Paypal wasn't worth 20 billion
dollars, a year after
launch; it was worth
maybe around 500 million dollars,
so we're much more valuable
and will be more valuable than PayPal.
So, you're only worth 10 billion right now?
If you want to invest at that, we can probably cut a deal.
So the headline is, Keith Rabois,
Square CEO, says Square worth 10 billion dollars.
That'll be like the same as
Peter Thiel like headline in
2006 about Facebook being worth
10 billion, which proved to be somewhat conservative.
I know you have been
traveling, but have you seen any of the Disrupt battlefield companies?
Yeah, I've been to reading a lot about it.
Yeah, what's your favorite?
I personally like the heart rate monitor one.
I think the technology is amazing.
I think that's been incredibly difficult to do.
I don't know if it's the biggest business of all the things you've had onstage, Yeah.
but it's the one product that I would love to have.
They got into a swearing match with Chris Sacca onstage yesterday.
Didn't do so well with the judges.
I liked it a lot, too.
I personally would really like to invest in it.
I think it's awesome.
You 'd really like to invest?
Oh, yeah.
Sure.
Are you guys out there in the audience?
Or did they go home in a huff?
They went home.
You know, they might want to talk to you about that.
Any of the others?
I don't want to put you on the spot because I know you No, no.
I mean, I love seeing the
update from CloudFire, because you may What
do you think about remember I
was the judge for them last time, Yeah, but they're--
They're awesome.
What do you think about Get Around?
You know, the, sort of Airbnb for cars.
I've invested a little bit
in something that's partially competitive
called Zimride, so I probably shouldn't talk about it.
You probably think Zimride's way better.
Zimride's amazing.
Yeah.
Okay.
Great.
Actually, there are probably a
couple of questions the audience would like to ask, Sure.
and we have a minute left.
Anybody have a question for Keith?
Just tell us who you are first.
I'm Cameron Kunduth, and I'm
wondering, Square lets any
individual sell goods and services.
How do you see that disrupting traditional small business models?
I don't think we want to disrupt traditional
small businesses, I think we
want to empower them and make
life easier for them, like,
historically, most small businesses
have been unable to accept
credit cards, and credit cards will make your business grow.
Depending upon what kind of
business you're in, it may grow as little as ten percent, as much as eighty percent.
I think that's what you meant,
is how will new Burton businesses
flourish is what you meant.
No, actually, I see Square
being disruptive in the sense
that if I can hold
inventory in my apartment, then
I can sell it to you,
and not have the overhead of having a storefront.
Sure.
Yeah.
Well, it's been great for the drug and prostitution trade.
Right?
That's why I said services as well.
Yeah.
I know, the joke is old, but it's just, I can't let it go.
I think every time I see you, you have the same joke.
It 's just so obvious.
Do you remember that guy did that video?
Yeah.
We'll play that later,
of the guy that was
joking selling drugs.
Get a pile of cocaine and
We screen all of our transactions
methodically, and all of our users are vetted very carefully.
Cash is used for all
of those You can say
with 100% certainty, Square has
never been used for any
kind of illegal transaction including drugs and prostitution.
No.
Nobody has ever moved money
or any type of
transaction whether Paypal, Amazon, Western
Union Square CEO admits Square used for drugs and prostitution.
No.
I said all other services have
been used for drugs and prostitution,
but our basic mission is to
create the ability for small local businesses to thrive.
One of that is accepting credit cards
without the friction, without being disqualified,
so traditionally, to get a
merchant account in the United
States, you had to have a FICA
score, and the FICA score
would screen out sixty percent of our users.
It has nothing to do with--
Yeah, but you can use PayPal.
You could use PayPal online.
You could use cash.
You could use cash, but then you would lose out on sales.
So if you don't accept credit cards you're going to sell less.
Like, people run out of money.
Like, when say you're at
a farmers market, you only brought
with you, like, fifty dollars; and
if you see that next good that
you really are in love with, you have no way of purchasing it.
So, that's the first step.
Do you feel as though your question has been answered?
Alright.
One more.
Hi, my name is Rachel [xx].
my question is about using Square
for charity, are there any
plans to waive the 2.75%
fee or to make
it easier for sort of
flash fund-raising, like for example,
with the tornadoes in Joplin and Oklahoma?
So no, because our
costs are the same, so
in other words, Visa, Mastercard, AmEx,
Discover charges the same regardless
of whether the transactions from
Mike's garage sale or for your charity.
I love garage sales, by the way.
It's like a weird thing with me.
We saw that motorbike.
I want to give that away so bad.
I don't know what the legal liability is if we just give that away.
But if we gave to somebody,
how are they not going to let us give it to them.
So processing for non-profit
charities has been one of You want to do an auction later?
Yeah, let's do that.
We'll sell it through Square.
We'll do it later.
I'll check with the lawyers and see if we can get away with that.
So our rates are actually
much better than if you
look at other competitors, other options
for processing for non-profits,
actually they're actually very, very
expensive a lot of compliance costs associated with nonprofits.
The banking industry is quite conservative about nonprofits.
Historically people have been able
to abuse the nonprofit
label so we have be very careful about who we process for.
I think what's best about
it though is that it gives you an
opportunity to make an
on the spot donation
that you maybe otherwise couldn't make, or wouldn't make it.
So imagine you're a candidate for office,
and let's say I was running for Congress, and I come up.
Do you think you ever will run?
No, I have no intention to, but, as you know, Jack may run for mayor.
So, a great product for
raising money is, when you
say, oh, I'd like to write you a check tomorrow for.
What do you mean I know Jack may run, I didn't know that.
You didn't read that in Vanity Fair?
You need to improve your reading list.
Well they enhance it.
Well imagine I'm a campaign.
I'm not going to let that one go.
Vanity fair would be improving my reading list.
So go ahead.
Sorry .
So imagine I'm running for
office, and instead, normally, I
would approach you, and say, will you write a hundred dollar campaign contribution?
Yeah.
And say, oh, I'll send you a check tomorrow.
Yeah, yeah, and that never happens.
Of course, you know, 90% of people forget to do that.
Imagine now I come up to you and I say, "I'm running for office Mike, give me your credit card".
And then not only are you
on the spot to give me
the contribution, which maximizes the opportunity
and the chance that you do that, but
also I'm going to look very carefully at the amount you're contributing.
Have you seen any homeless people try to collect donations using Square?
I have not.
It'd be a great marketing trick.
Okay.
Thank you.
You want one more?
Sure.
She's been waiting.
We'll just cancel the next panel.
Okay, one quick question.
I'm a student, I just finished
my first year at Michigan, and
I'm interning with the
Kaufman foundation this summer, and
I had a question about your take on investments.
Right, so, I noticed that during
the startup battlefield, a lot of
the companies didn't mention what the current market was.
Looking like what competitors are
out there, how do you
rank that in what you
evaluate throughout when you take a look at a company?
So I don't look at that very much at all either.
And biggest reason is
the best companies I think
are in non-consumption markets, which is basically they are forging a market.
If you think about Youtube or Air
B and D, there wasn't necessarily a clear market opportunity.
You're creating that andTwitter is a great example of this.
If you'd asked Twitter what was
the market opportunity for Twitter, what
would the answer have been?
So, that's one reason.
Second thing is, I actually don't believe that competition dictates your fate.
I think, generally, if you look
in the mirror as an entrepreneur, it's
what your team decides to do
or doesn't do that dictates your fate.
So I am more focused on what 's the quality of the individuals involved?
You know it's funny, everybody says
that, and as an entrepreneur
I get that, I mean,
I've been in a lot of failed companies
and one, as Carol Bart says, very tiny company.
And it is that.
It's sort of the decisions you make
on the fly, the ability, it's
not even intelligence, it's just
ability of a team to work together and make those changes.
And I truly hate the
idea of getting user
feedback on what your product should be.
I love that saying about, you
know, a camera was a horse designed by committee.
Right.
The boldest entrepreneurs are
the ones that say, "We're
going to build this, and then they'll come".
It's so easy with
hindsight to say this Steve
Jobs has done this over and
over again, or same with Twitter.
But that's what I get
most excited about, is stuff
where it's like, wow it's created a whole new market.
Yeah, I love that.
That's what I'm looking for is
someone who actually has a vision
of what they want to do in the world and then they just make it happen.
And eventually, you have to sell
those movie-- it's like producing a
movie you can't build a movie
by, like, painting by numbers, and
if you did it would probably not be a pretty exciting movie.
Eventually, you do have to
sell those movie tickets, so the
market will give you feedback whether
the movie is interesting and entertaining,
but you don't create the
movie by saying, "oh, these
four people want to watch a
drama, they like this actor, we're just going to throw him over here".
That generally doesn't work out so well.
And then you square to buy the movie ticket.
Exactly.
Perfect.
Okay.
The last question I have for you is, how many investments a year do you make?
And how active are you right now?
And how much do you invest normally?
So, last year I invested a lot.
In probably forty five companies.
What 's a lot for you, like $10 million?
I don't even, actually,
scarily, I didn't even add up the total.
Generally I invest a typical amount for an Angel.
You probably don't even get out of bed for bed for less than a million dollars at this point, right?
No, I invest a very small amount of money.
Typical Silicon Valley Angels
invest, I'd say, below
50 to 100k is the most typical dose.
Yeah, that's a tiny amount of money.
So, that's generally what I'm investing.
Okay.
But since I've joined Square, I've tried to avoid investing as much as possible.
I just don't have any free time.
The only times I invest are really if I know the person.
So, if somebody I
know well is starting a
company, they are going to
call my cell phone or text
me anyway for advice, so I
might as well invest but I'm generally not looking for new investments.
Okay, so you're saying here
that people should be emailing you
then if you--
I can redirect
them to other great investors.
Hey, thanks a lot for flying out here, especially with the bum knee.
And congratulations on everything, it is really going well for you.
Thank you very much.
Thanks for hosting me.
See ya.
Careful .
Yeah.
As you can see in the video above, there was a shiny and orange Brammo Enertia electric motorcycle onstage behind Rabois and Arrington. After their chat, Arrington looked at it and spontaneously decided to give the motorcycle away. After running backstage to have a short talk with Brammo CEO Craig Bramscher, it was a done deal. Everyone got excited and audience members raced to the microphones.
Arrington called Bramscher up onstage, as well as Paul Graham (Y Combinator), Keith Rabois (Square), and Roelof Botha (Sequoia Capital) to help judge. Arrington told the audience they could submit 10-second pitches on why they should be chosen to win the motorcycle. Pitches were made that included shouts like, “It’s my birthday!” However, one sweet lady who wanted to win it for her son before he had to leave for the marines won the bike.
The pitches were really funny. Be sure to catch all of them below.
So the motorcycle, you guys know I keep trying to give it away.
So I find out who it is.
It's Craig, from Brammo, the CEO of Brammo.
And, he's like yeah give it away.
So we're going to give
away not this one
but one just like it, and we'll have it shipped to you.
That's cool, right?
And what we
are going to do is have 10 second pitches.
So, if you want this motorcycle, start
thinking about what you can say
in 10 seconds to convince an
excellent panel of judges we put together at the last minute.
Paul Grahamm has volunteered, thank you very much for being up here.
And than Craig will you come up?
It's Craig Bramshire is the
Ceo of Oregon based, Brammo.
Really cool stuff.
It's like Tesla's, but they are motorcycles.
Roulof Bhutta is from Sequoia.
We interviewed him yesterday.
He is going to help, and,
the, Keith Roboy from Square is also going to help judge.
Keith, also for the
runner up prize, offered to give
away, for absolutely free,
this otherwise normally also free,
square card reader Which is,
which is pretty cool, so actually he didn't.
He meant to say well if
we're going to take like a five
dollar charge or something that we could use Square, but.
So you guys you know have a seat if you want.
Start lining up at the microphone,
we are going to have ten people make
your pitch, you can say
because, any reason you
want at all, and
we will do it quick caucus and
then we'll give it away right now,
and we will even ship it to you as long as it's in the United States.
Who wants the motorcycle?
So it's going to be the first
five at either microphone will be able to make their ten second pitch.
If you're not the first five, give
up on it now or convince the
person in front of you to
give up your spot and ten seconds.
Go.
My name is Muhammad.
I don't know how to ride
a motor bike, but I would
love to have this motorbike, because I
will trade it with Paul Gram
for half an hour of his time and get me back on my show.
Great.
Stay up here though.
Go.
You've got a start up, we're
building a platform where we
already have 20 thousand daily active users.
We can take care of sign
up, inviting your friends
and putting your well I just also
all of the things, a combinator might use it.
Good, okay.
Go No pitch, I just want to get the hell out of my mini van.
So that's it.
In my opinion, I'm only two thirds of the vote here, I would say that's OK.
My son enlisted
in the marines and
he wants a motorcycle but if
I give him a motorcycle maybe
he won't go in the marines and go to Afghanistan.
Oh, that's .
Here.
Angela motocinta.me
using everyday citizen to deliver your goods.
This is not a, well granted
with these people on stage, I understand why you don't care about the motorcycle.
Anyone such a, go.
Luke Depper, I am a
pretty crazy guy, my lifetime is
spent in the motorcar racing and
I wants to do back flips on that motorcycle.
OK!
How many is that, ten?
I am not counting.
No it can't be ten.
OK go!
My name is Bill Fisher, I
built the best team to make
sure everyone sees thIt is my birthday.
Ohh.
Boooo.
I did, I did, I will as if I did.
Come, may I see
your driver's license, or ID before you go?
So, I just want the moral side of my idea.
I am starting, people really
self-indulgent using Twitter so
I'm building basically a gaming
platform that you just get
points for tweeting and just saying what you're doing.
Like, if you have mentos and diet coke, you get five points.
People just get the best thing
about video games is the
instant gratification and people are self-indulgent, so gratified.
Great, go.
Name's Ian, I want
the bike because my wife won't let me buy one.
Hmmm.
Hi, I am Henry King.
I am from Cunningham
Mania and I study Robotics.
I want to get the
bike and change it so
that my grandmother can ride it.
Thank you.
John Birdsong with Open Study.
I drove a minivan all throughout high school.
I am just getting up here to say I vote for that guy.
The minivan folk.
Jonathan Soundscape and mission
that would help you find
cafes that are playing the you music that you like or any other venue.
Go.
I'm Rachel I usually bicycle everywhere
I go but I was recently hit
by a car while bicycling and
I can no longer pedal so
I really need that to get
up the hills of San Francisco where I'm living to start my startup.
Go .
Hi, Best Vendor, we're
using social recommendations to help
small business leaders make faster,
smarter purchasing decisions, seek funding from Peter Teal.
Go.
I'm not an entrepreneur but
married to one and I need a break.
Go.
An ultimate map that does actually
what a map should do, tell you what's around you.
When you go
to Mapquest or Google Maps,
youn app that
uses social networks to do
citizen science allowing researchers to
connect with citizen scientists, crowd sourcing, data gathering.
Two more, go.
Alex Majursky, the biggest
problem of my life is I spend way too much money on conferences.
Am I right?
I want that as my mascot.
Go!
My name's Ian, it's a reddit
or DIT clone, but they're both coming in real time after the comment.
Go!
Hi, I just turned 18
four days ago and I'll be entering
at Kauffman in Missouri this
summer and I need a motorcycle to run away from tornadoes.
That's it.
OK, one more.
Go!
Hey Scott, I'd love to
get that bike and rent it
out sort of Air B and B style.
No one up here is named Scott.
Correct ?
Oh, you are Scott.
Okay, we're good, thank you!
Can you turn our mics off, everyone on stage ?
I don't know if that
is possible but--
Hello?
is it that guys birthday?
Wow, it's his birthday.
Right the woman who couldn't pedal.
Yeah, that's Mic's
on.
It 's not even
close to unanimous but we have a winner.
It's the woman who has
the son that may be going into the marines.
Where are you?
OK, come on
up and we'll take your
information well theoretically you're
going to get a motorcycle so, thank you so much for doing this guys.
Thanks very much.
Who wants the square reader?
Don't all come up running.
You can use your credit.
OK, there you go.
Thanks guys!
Oh, look!
Tech Crunch.
Since this was our first Disrupt of the year, we wanted to try something new. To our delight, it actually proved to be one of the biggest hits of the whole event: Paul Graham’s ‘Office Hours’. The goal was to reproduce the sessions Graham and others hold with each of the startups who participate in Y Combinator. For these sessions at Disrupt, six startups were randomly chosen out of the audience to come onstage in front of a few thousand people to pitch their idea to Graham. If you haven’t seen it yet, be sure you watch the video below. It is a must see.
Follow @toddbeals
@toddbeals
Todd Beals
@toddbealsTodd Beals
Paul Graham (Y Combinator) tells 5% of the pitches he hears to "start over – OUCH!" #TCDisrupt
Follow @Carl_Reiss
@Carl_Reiss
Carl Reiss
@Carl_ReissCarl Reiss
Paul Graham Grills Startups at TC Disrupt http://tcrn.ch/jyZXCI Awesome and scary!
Follow @bdickason
@bdickason
Brad Dickason
@bdickasonBrad Dickason
Paul Graham's Office Hours at Disrupt: fascinating to watch but also incredibly uncomfortable. They get so nervous on stage + around @paulg
One last favorite moment was when Michael Arrington sat down with Google’s Marissa Mayer. With Mayer having been to all of our events, she’s a pro who is always ready for any hard questions. After revealing some key numbers and stats on Google, Mayer said she expects traffic on Maps for mobile to exceed those on the desktop Maps.
Wanting to know more, Arrington tried to get Mayer to name what percentage of total searches are made with mobile devices, which is a number Google hasn’t given out yet. Arrington jokingly tried to coax it out of her by threatening to tweet out her cell phone number. Asking if she’d rather he tweet out her cell phone number, or reveal the mobile search number, Mayer told Arrington he could tweet out her cell phone number. Of course Arrington never did, but it was a hilarious exchange to watch between the both of them.
Follow @dzbeitz
@dzbeitz
David Z Beitz
@dzbeitzDavid Z Beitz
#TCDisrupt @marissamayer : 20 percent of the searches now seen on Google are for local info. Mobile, that number is more like 40 percent.
Make sure to watch the whole interview below and continue to scroll down for some of our favorite pictures from Day Three.
maybe we can actually have a fire back here.
But I love the fact that
he duct-tape to his hand
Marissa, Please
come up.
After you.
Hello hey, how are you ?
Nice to see you, I'm doing good. Thank you for coming.
Good to see you.
Look at this; getting ready for the finals.
Yep, right after it.
Right after this is the break and then the finals.
Okay, welcome to this rack.
Thanks.
I'm glad to be back.
You've been, I think you've
been at every big conference we done.
I think so, The Defcon 14, The
Defcon 15 last year,
San Francisco You judge
many startups and you've been on stage with me many times.
It's really fun.
I'm excited to see what
we've got in the final, in
the final away I am particularly
excited about this group of
finals, I always love all
the companies, but there's just there's
someone here I am already addicted to.
So, we have this,
I don't think you know
about this We have these motorcycle, the selected motorcycle.
It's like Tesla.
Sure If you like
it go for ride on, I
almost got kicked out of my own event,
security like swarmed me when
I was like don't wreck but it's kinda cool so.
I'm a really bad driver and I
haven't ever driven a motorcycle
so that's probably not a good idea.
The first time I was
ever on motorcycle; I just
thought I could have ended badly, probably good.
So we, I've interviewed
you more than anyone else.
And I like interviewing
you, because there's always one or
two things you'll give me, but you won't give ground on anything else.
I never know quite what it
is you are going to give me
until it's all over, so, I
tend to push pretty hard if
something happens, so
you
know, I want to talk about the
products you are working on, I
want to start with more general stuff, if that's okay?
Sure.
As a outsider I'm fascinated
by what Goggles like
now that Larry's the
CEO sorta stepped aside "You
know what are the changes, how does it feel?"
You know that kind of thing.
Sure I mean I think that you know google are always gonna really focus on the user.
And Larry So, I
think that gonna spend big,
even bigger focus now on
products, on users and
on the building great technology.
we had some projects that
started out small like Chrome
and Android but over the
years they've grown really, really
big and those now feel a lot .
I want the control, to be
a lot safer,
I think it's rather a great change.
What's the general mood on the
campus, do you say it's the
same it's great Better, worst?
I think that it's really optimistic.
I think there's a lot of optimism.
It's clear we're providing
a lot of value to users and we want to understand how we can even do.
More with that and so,
I think that there feels
like there's always been a lot of energy.
I always joke like Google's really kind of almost twitchy place.
Doing something, Yeah watching something, going
somewhere, and there's even
more of that now, so
I think the energy is great.
You know, I've found in my
career that the times that I've
had real Petition and things
weren't going to easily, there was
a pond when I was most productive in doing my best work.
Is it good that there's somebody
actually doing good things out there, Facebook.
But other, you know, being doing good things in search.
Right, I know, it's like sort of.
But is that good, do you think?
Yeah, we've always had the philosophy.
The rising tide floats all boats.
But when there's increased competition
or increased activity, right now
there is in start ups, you can see that here today.
And, you know, technology and
search the Web, whenever that
kind of thing happens, it causes
one everyone to pay more attention.
So it's easier to get users and it's easier to get awareness.
But it also causes everyone just to work that much harder and get much better.
And you see that in a lot of the products.
It's important then not to over focus on competition.
With that said, healthy competition is really good for everyone.
It's clearly good for the end user but I also good for the companies.
Do you mind if we jump into.
Sure.
You are, what is your title?
What it is.
It sounds more glamorous as
VP of Product Management, but
I'm VP of Maps and Local.
Ok.
So I some
criticism or questions I
guess, Did you see my April fool's joke?
I did.
So, in my April fool's joke,
I suggested that places
which is one of your properties has
happened accidental categorized as
a spam by a
search team and removed from
the search indexa And, I
found it really funny.
I really found it funny.
It didn't actually happen, though.
It didn't, no.
Watch as this big quote
of mine ripple all through
the press and having to
answer all kinds of questions from
people inside and go "Why did I say that when I had this headache?"
Yeah .
I did send you
a message that said, "I'm sorry."
Yeah, it was good.
I was waiting and didn't
expect for it to happen at
2 pm on March 31st?
Well it was April 1st.
You know, our feeling is the International
Date Lines are somewhat, you know,
but fluid but if you
look that my best- In
my opinion my better April Fool's
Jokes have had just a
grain of enough truth in it
that people sort of thought it was sort of funny.
I sued Facebook for privacy one year.
That was when their privacy officer
threw a latte at me,
and actually people were saying I should sue him.
But there is something
to be said here where you
have control of a
page now that if you
do a search for a
Starbucks at a certain corner,
whatever, it has a
map, which is yours,
it has some database information
about the company which, you own
that, have you bought a company to have it?
And then you have, among other
things, you have a lot of reviews and
a lot of them are from Yelp
and City Search or whatever you have.
And there have been people who
said that you're scraping that content
nd that's a bad thing.
What's your response to that?
Well our view is that for
local, it's really about search.
And so when people come
to Google for search They expect it to be authoritative, they expect it to be comprehensive.
And today, over 20%
of the searches we see
on Google are for local information.
And when you go onto the phone, that jumps up even higher.
It usually looks almost like 40%
of what people search for on
the phone is about local information.
So, we want to get people really
good data when they
do a search for that local information,
so these pages that you're talking
about really aim to
be the comprehensive overview of
all the different things about
this place that are being said on the web.
And we have pointers
follow them, we send lots of
traffic all over the web to
other local review sites, and it's really meant to be a directory.
So, if you look at it
there's a lot of information on
the Place page, but there's really not
enough information for you to make a decision.
Yup.
But where we see a lot of it, is people getting there, they get the open hours.
They get the overall neighborhood Yeah.
And they jump in to some of these review sites.
One more time on this, then I'll let it go.
Yelp used to
be first, and now Places
is first, and Yelp results are in there.
And you send a lot of traffic to
them through the Places... They freely admit that
but is there a thought
that you get your own,
you take your own reviews, what
you have enough, those other third-party
reviews go away, and they're kind of gone for good.
How do you respond to that?
Well today we aren't getting a
lot of long form of
reviews, we get some ratings through
things like google places, which are
meant to help generated social
recommendations and they are from phones and
so they are going
there if you look at
the flow and when they going to end up on a place page.
They end up on a place page when they've done a search for local information.
They may end up on places search or
the may end up on place pages
and the expectation and the
promise we feel we need
to meet to the user is to
be comprehensive and authoritative and show them everything.
And you feel like when you go to Google you get everything on the web about on a particular topic.
And so we're giving that to them,
and then sending them on
to those sites.
Alright.
Another sort of not pleasant question, but there's some good stuff at the end.
You have all these brands,
I mean we were talking backstage, and
my business is to understand
this stuff, but there was stuff like
Latitude oh yeah, and Latitude.
And there's Places and there's social, there's local.
You told me that back when
Maps first launched in 2005, it was under a tab called Local.
I'm confused.
What are the brands that matter going forward?
What are we supposed to pay attention to?
Sure.
So, there's been a lot
of brands, and actually when
I moved over to what we call Geo, Local and Maps last fall,
that was one of the big
first challenges, was looking at all these brands.
Because we had Maps
and latitude and navigation and places
and HotPot and local
search, and places search, and place pages, and you get the idea.
And we're really trying to streamline that.
So, Places search is, just search.
Place page is really about search.
We had HotPot, which
was an experiment, it's now
a part of places, HotPot doesn't exist anymore.
We had some local monetization products
called tegs and boost,
and we've unfunded tegs, we
took Boost and made it part
of the adwords family, so now it's called Adwords.
You're starting to confuse more at this point.
It's gonna be called Adwords Express.
What we're trying to drive to...
It's called average at best.
Adwords Express.
What we're really trying
to drive to on the...
Really two sides of the coin.
There's maps and there's local.
And maps is the geospatial
exploration of a place,
and we think it should be personalized, and
it should tell you these were
the businesses on the street
that you were going to find really interesting, and
give you a lot of information beyond
just the map, which we already are doing today.
We show you things like latitude think
as you know altitude should be a
feature of maps, and then
Altitude is also your
feature sort of how you
gonna check in the place as well, okay.
and places is well local side of it.
It's were you do a search
and you get textual descriptions and
photos and a good
answer to that local search piece.
So we think you need to have both.
You need to have the textual, the descriptive
side of it, and you
need to have the geospatial
side of it, and as I said earlier,
when we first launched maps on
the home page, if you look back at the internet archive, we called it local.
And the funny thing was, people came
and they did a lot of local searches,
category searches bakeries, pharmacies,
and they didn't really know
we had maps, and then and
we named it maps, and then we kind of forgot that we had local.
But those are really the two big
pillars in this space, and
that's what we're really
focused on and how to
make some of these brands and
interesting features [xx] were done
part of those two cores.
How are things going?
Particularly, so much of,
so much of what
you do is mobile, and you
talked about, you've mentioned mobile a dozen times already.
You know, how are-how are things
going on the mobile side with-with your properties?
So the Mobile 5 is growing hugely.
I actually can announce a new
mile stone today which is
that we, just crossed the
2 hundred million installs of Goggle maps for mobile.
So it's been something, it's beehuge tear.
It's installed and active, I think.
Right?
That's active.
Active and installed.
Yeah, yeah.
And so Google maps for mobile,
we were lucky enough to win a
crunchy back in-in January for
best mobile app I
think And with that much of momentum it has
continued for us, so it's huge.
The other thing is back
in March we made the observation
that of about 40 percent of our
traffic was for mobile, which is really high.
I mean something that was born on
the web like maps, to
be seen 40 percent traffic, you know that's really, really huge.
And now what we're seeing is that it's crossing over on weekends.
So on weekends we have more mobile maptraffic than desktop maps.
And it looks
like it's going to cross permanently in June.
At which point in time we'll
always have more maps traffic than desktop traffic.
Best top maps will always be important.
But maps on the phone
that in fact knows where you
are and can actually help you figure
out how do I get from
where I currently am to where I'm going.
Those types of things that makes it a real
killer app.
Navigation is also part.
Yeah.
That is my favorite.
Yeah.
So, that's the news.
The two hundred million instals is
inactive, that's new, that's
never been disposed, right?
Clearly one of, if not
facebook, might be it'
s one of the if not the biggest of their mobile apps.
One of the biggest mobile apps in the world.
We're very proud of that.
And then the crossing over in June?
You're pretty sure it'll happen in June?
I think it'll happen in June, yeah.
And you said that
40%, you said 20% of searches are local.
What percentage of searches are mobile at this point?
We haven't actually disclose that number.
It's been growing, it's been growing suddenly.
Right, so what is itSo
20% backs and 40%
back on the front one but
I can't give that sorry.
I really want to know.
No?
Sorry.
No?
Alright.
The crowd is cheering that you are not giving information.
Okay, so one more question on your day job.
What is your goal?
What is your goal next year to be successful, do you think?
Sure, y goal
is to help people find where
they are going and figure out,
how do you get there efficiently, where
are places you should that you never knew about.
So can we get you great recommendations,
and that really means getting a lot
more users interacting with information.
Getting them doing ratings, getting them
checking in on latitude, really
enhancing our data, really helping
to figure out where people should be spending their time.
And on very far reaches
I'm starting to look at what
I call contextual discovery which,
you know, I've always loved
Search, I worked on Search for
a long time and contextual
discovery is, can we
do a search without someone doing a search?
So can we figure out
from your context you know,
where you are a little bit of where you've been?
What you've been doing?
What we can pick up on?
Can we give you just the right piece of information?
Can we tell you your friends are right around the corner?
Can we tell you, if
you were a tourist somewhere, an interesting factoid about that business?
Can we tell you, if
you walk in to a restaurant
where a friend was last week,
what they ordered and what they thought of it?
So you know whether or not you should order it.
Those types of things are the
things we're starting to get very focused on.
You know there's are a couple of start
ups that launched in the battlefield
that aren't in the final group that you'll be judging.
They're this close.
One is that Leoda and one is Spot On.
I think both of them those things you are going to want to copy.
I want to make sure you have the chance to meet them if you can.
Are you guys, you know.
I'll introduce you separately.
Yeah Yeah.
It's just really cool stuff going on.
That's alright, I said to copy, I'm mean.
Personal life.
You, suddenly your name keeps popping up in investments.
You know like, "Marissa Mayer is an investor."
And so we know about
Square, and we know
about One King's Lane What else have you invested in?
There is a few of them.
I really love entrepreneurs.
I love investing.
I love learning about new companies.
That's one of the things that make me really excited about TechCrunch.
One of the issues is
that Google's business is really
vast, and so there's a lot
of times where there would be a conflict of
interest, but there's a lot
of companies like Square or like One King's Lane.
I'm also an investor and maintains,
I have a friend who has
a genetic company called Gene
Security Network, and I've invested in that.
So, I've been active as
an angel now for a little while, and I really think it's fun.
It's great to see.
You know, I got to be at google when we were just 20 people.
Meeting them when they were
just 8 people, and get to be there through that growth phase.
And I love watching how the
companies go through that, seeing if I
can help people go through
that, and I just think it's really exciting.
Right now is a particularly exciting
time in Silicon Valley
and here in New York as
well and I just think
it's really great to see all the
companies starting, how easy it is,
and just the technology going in places that hasn't ever gone in before.
Do you work with anyone?
People, if they want a
investment from you, do just
have to find a way to
get to you or do they,
I know you said you obviously.
funds as well.
But is it- you just try to keep that low key?
Or are you an active investor?
Well I'm not an analyst or anything like that.
So people generally do have to find me.
But I'm findable.
I mean, my first- my email's just my first name at google.com.
My GMail is just
marissamayer@gmail.com, so I'm pretty-
OK, what's your cell phone-
If you take a guess, you can find me.
What 's your cellphone number so people can text you?
That is one thing I will not put out there.
But if you want to know.
So, I have your cellphone number.
So would you rather tell me
the percentage of Google searches
that are mobile, or for me
to tweet out your cell phone number?
Which one would you rather have happen?
Well, I think you can put
the genie back in the bottle
if you give out my cell phone cause
I could just get a new one
even though I'd be really annoyed at
you, but I can't put the
genie back in the bottle if I
tell you the mobile search number,
so I think I would
have to take the risk with the tweet.
Alright, thank you so much.
Thank you very much.
Yeah, alright.
You'll be back out on stage in a minute, but thank you for this, alright.
Yeah, thanks.
Thank you.
Thanks.
Man I'm exhausted.
Yeah it was really hard.
It was, she is a hard interview.
She is hard.
It's like pulling teeth.
It just there's good information
in there but you have to
ask the right questions the right way to get it.
You got someone to get the 40 percent maps.
So we're going to take a 15 minute break.
And when we come back
to the battlefield in the sixth
Follow @jasondfox
@jasondfox
Jason Fox
@jasondfoxJason Fox
Michael @arrington just drove by me on an electric motorcycle – #tcdisrupt
Again, we wouldn’t have been able to do any of this without our partners, sponsors, and volunteers. A huge thank you to: Ustream for providing our live streaming video, Parlor.fm for helping us network on-site, GroupLogic for putting files on our judges’ iPads, doMen (.ME) for giving us a new directory, Oyster.com for providing wonderful hotel discounts, New Atlantic Ventures for showing us exciting new startups, EventBrite for hosting registration, Business Only Broadband for keeping us connected, VCorp for providing printing and PR services, and DailySteals.com for offering giveaways.
Thanks to the additional support provided by PopChips and Smith and Keats. And to Ooyala and Producteev for online video, editing, and management services.
If you’d like to become a foundational part of the Disrupt experience and learn about sponsorship opportunities, please contact Jeanne Logozzo.
And of course we couldn’t forget to include this in as one of our favorite moments from Day Three. Congrats again to Disrupt NYC 2011 winner, Getaround!
Until next time.
Follow @arrington
@arrington
Michael Arrington
@arringtonMichael Arrington
best moment of Disrupt for me: when security swarmed me while riding the motorcycle thru startup alley and almost kicked me out.
What was your favorite moment?
If you would like to attend Disrupt SF, September 12th – 14th, extra early bird tickets are on sale now.
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