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tv   Key Capitol Hill Hearings  CSPAN  December 1, 2015 6:00am-7:01am EST

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show you really quick. opportunity to meet captain mike owens and a sergeant from a charity that helps veterans reintegrate into is aorkforce, and this very cool, one on one interview series, where people enjoy cannabis and share a new life experience that they have, so if we could roll that, we will show everyone. [video clip] mike: i am mike, a former marine captain. marine am a former infantry sergeant. ♪
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mike: i can tell you the first time i pre-much discovered alternate medicine. being in the military, you have to operate. coming home, that white noise is deafening. there is the transition to the out of military, and i did not properly transmission. path and went to the veterans administration. here is what has been given to you. here you go. i went into a diabolical downward spiral. i saw it was not a route i wanted to take. him and, the same pathway. i was taking a significant amount of medicine for anxiety. i could not function on a daily
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basis. i was not in the gym. i was not healthy. i knew that i had to change what i was doing because i was not going to be around for too much longer. mike: i went on a retreat down in asian beach. and one of the things i saw teaches you about how medical cannabis with massage there be and healing, all of that for stress, and it is extremely beneficial. matt: there is so much medicine that veterans are on these days, it is overwhelming. mike: i would not say drug. the only medication that has beneficial results.
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>> and being able to take control of your own mental health. ♪ [end video clip] jordan: wow. awesome. congrats on that. i do want to move to a slightly lighter in it. my mind onsly said money, money on my mind. what is the terms of the business model for merry jane? is the more to be expected? advertising is definitely a part of the model and content integration. the huge opportunity here beyond, and most importantly opening up the doors to the real discussion for serious content and news, and then we have
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lighter content and humor content. there will be music videos. others are helping us curate that and put it together. the business itself, which is multi-billions, does not have a definite destination to share. sharing what they want to communicate, and the retail locations really do not have a place that has repeat usage, where they can accurately provide that information and medical staff and expert staff on the products that they offer, so we will definitely be at the helm of that when we launch. it sounds like legalization, right, but the industry and the country is changing pretty rapidly.
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you support legalization, i would assume. stand very high on legalization around america. it is necessary. thing.doing their you look at all of the medical studies, people saving their lives, and the kids, helping with seizures. it is just doing a lot of great things. it, and i just want to see it legalized. jordan: even though the costs are going up for the end user? they are making so much money, and they are putting it back into the schools and the community. the crime rate is dropping. it is helping out with the situation we have right now, just staying alive, staying strong. i am looking at what it is doing for colorado. what kind of what would we be living in? jordan: you have a channel on
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youtube, and it is very, very successful. you have been kind of a media mogul for a long time. jane,ou launched merry what you learned for being so embedded in that space, especially youtube, and what content is going to be brought over to merry jane? snoop: just the connection, the ability to get feedback. what they like and what they do not like. a hotline, and information hotline for the people without a wall in the way. that is the benefit of social media these days. they are more like my family. i do not call them fans. jordan: in terms of getting jane,rt for merry obviously, you are a huge brand on your own and can do your own promotion, but what about that? ted: -- snoop: we do what we do.
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we want get with some of the top people who know what they are doing. there is the information hotline. the cannabis. what it is for me. the grand professor. the face of the game. do you day? jordan: i dig, snoop. ted: you look at the competitive space, there are a few companies out there who have tried to enter into the marketplace, and arer page view totals numbers that we're going to crush within the first six months, so even today, you can e. and wec are inviting about 420 people in dayom, into our site.
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and we have tens of thousands of sign-ups. i think the interest level and the demand is there. it is just about people coming ,o the forefront, like snoop and providing the site in the media platform to take cannabis to the next level. you guys have been smoking, it feels like, forever, and your brand is high up in marijuana. merry jane,e with the whole idea is the mainstream version of cannabis, right, whether cooking or use a or whatever it might be, but it is tied up in other things, not as a standalone kind of product. andn your history with it, the fact that you seem to be prepping for the future, what does the future look like in five or 10 years with regards to cannabis?
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it gives me great pride and honor to say that merry jane will bring people out of the closet, because there are so many people in the closet right now that do what we do. they really want to come out, so now we are going to give them the opportunity to come out. show, watching this, are just being down with the site in general. a world where everybody comes out of the closet admits that they like to smoke. admit it. my name, and i am a stoner. dogg, and is snoop am a stoner. jordan: how many here? be proud? in the closet, that is ok. it is ok. we are going to make a way to get you all out of the closet.
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jordan: snoop, you have conquered a number of articles. you have built an empire. stay on an island and get yourself a nice treasure chest full of green? why do anything, right? snoop: it is a challenge. i have always felt like i am a genius, and i have wanted to challenge myself. the right opportunities for me and my team. longe been pushing for so to make people understand what it is and why i love it so much. and around the whole world, international, 24/7, seven days a week. and to see if i am still great at what i do.
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jordan: other day when we were e wouldg, that merry jan be influential not just to those who smoke but it would touch everyone's lives. does not have any interaction with cannabis ever. like how does it affect her life? ted: well, she might want to ask you about it. as long as you inspire communication in any vertical, bennett some point you in your mother can have that conversation, and if she does ne is themerry ja perfect place to be while learning about it. flexible and connects over onlye database, not flowers, but what we call marijuana induced products, and
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we provided oil, and an experience. it is interesting you talked about your mother. and if she is interested. all of the other sites or apps that do exist, they are from a vantage point that might even be a little standoffish for a female fan or consumer, and with that in mind, since we started out, we had kind of our initial women,r the site, in yesterday i was walking around, and what is the name of the program? shorten: it is built by girls. especially the female audience, because they are actually at the highest rate, and this will bring everyone into the discussion so that we
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can really kind of elevate the presentation and do something cannabis 2.0 that no one has ever done before. jordan: time for my last question. snoop or snoop dogg. we are just going to go with snoop. we are going to leave the last name out until i can figure out this tech. merry jane launches in october. is that correct? ted: we are letting people into the beta site. by the way, you know the address of this location is 420. we plan to that. we planned that. yes, we launched in october. come check it out. we want to make the experience better and better, it will be
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available online. author. guys, a big round of applause for ted and snoop. and i will get to you in a minute. ♪ jordan: all right. i am feeling good. you guys feeling good? absolute silence. you guys were laughing at everything snoop said. all right. whatever. our next guest was at the techcrunch, the first one that we did, and he was working on a context, a russian word i cannot say, but please welcome him and our moderator, mike. ♪
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yes. hello. my name is mike, and i am out of london. he created a telegram that is the facebook of russia. and it is like me what's at. and you have about 60 million users. guest: i checked, and it was 12.
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mike: 12 million messages a day by telegram. in a world where there are so many other messaging platforms. avel: that is a good question, but to put it simply, it does not matter how many messaging apps are out there. : what about for you? sucks?whatsapp pavel: i can elaborate on that. mike: sure. in 2016, and we were supposed to have flying cars and that by now. mike: jet packs. pavel: it is over. you cannot send documents with
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big media. , with your communication, so i am not sure i was a big fan of whatsapp. mentioned privacy, and you made a big claim about telegrams, their ability to be encrypted. amean, that is obviously laudable claim, especially with , butoing on in the world it a sense, where is the business proposition in encryption? pavel: i had a friend. back when i was living in russia, i had a friend, and she was talking about the whatsapp messages in the police department, so they lifted her , and she told me that
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they tried to use it to blackmail her, so privacy is not just for businesses. ,hich people can be blackmailed and their information is more valuable. mike: so you're saying that you retain users because they trust you. pavel: that is just one of the things that makes the telegrams different. mike: describe that to us and how that might become such a significant part of what it is. this is a third-party developer. developer third-party , you could communicate with
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telegram, and on the other and of medications, there is a machine that is doing all of the and someon that side, have appeared using that paradigm or communication, , and ion, productivity that onenly yesterday of the most successful parts of digitatform had eight acquisition attempts. it is only like three months old. so you are saying -- in other words, there are startups launched on the platform that could end up being
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acquired in their own rights? pavel: they can break out. mike: and like telegram. that eventually current third-party developers might make money in this way? pavel: all of the third-party could do it easily with users in telegram. mica: it is something new in , withof advertising channels for brands. pavel: that is already happening, unfortunately. i am not a big fan of ads. receiving messages. it is already happening.
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there are third-party ad agencies dealing with this. mike: what you are developing. pavel: it is only three months old. what we have seen, we are happy about. pavel: you have clearly made you have clearly made some compromises on the platform and there have been reports that you have met with and shutan government down some porn bots. can you confirm that for us? mica pavel: i cannot confirm the first part. tsdo say that we block porn bo where it is prohibited. the ones we block start to reappear in the form of bots. mica: this is happening in iran
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? arabia.ran, iraq, saudi we got users we did not want. we are not big fans of porn. so, we do block these kinds of things. mica: you make a is there a secret behind the negotiations with these governments? pavel: no. we do it for business decisions and we do not do it in confirmed markets and we do not want to be perceived as something with porn . this is the same reason behind apple's decision to block porn.
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decision toram's block porn. we think this is the right thing to do. we can speak about privacy, freedom of speech. we have adamant principles about it. we have over two years of existence and we have not disclosed a single piece of data to third parties, including governments. it was not easy. as for freedom of speech, like i that if there is a bot criticizes government or opposition activity, we would never block such a bot. aca: you famously credited contact in russia at the facebook of russia. you, controversially, were told to get out of that by forces aligned with the government.
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is that the case? pavel: that is roughly true. mica: roughly true? which part is true and which is not. --is not? is not? pavel: it is true and rough. mica: there are incredible stories that you were framed for a car accident and that you are put under political pressure. nothing out of the ordinary in russia. believe me. and i am no different from the rest of them. mica: you have now become a resident and go around the world dressed in black, living a nomadic lifestyle. how'd you managed to continue to run a company in this way,
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moving around the planet, trying to evade authorities? you feel like a target? pavel: not so much. that, when ifeel go in and out of the country, that, it is a good question. we are a small team. we cannot afford to rent houses in the short-term all over the world. we spend a summer in finland. pavel: you rented a house -- mica: you rented a house in finland. pavel: yes. it was absently great. some of the guys say that we outsourced some of this by supportnd the customer was through europe and, other than that, there is a small team of 15.
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we like to travel and we want to use the opportunity. mica: you had to raise money. you took $300 million from the sale of the share. is that correct? cannot confirm the number. i was very lucky. mica: higher or lower? pavel: i was able to get out before the market crashed and it was before the events broke out and it was extremely fortunate. mica: that would have affected the value. that, the events broke out in the local currency went down. the value of the company was 3-4 times slower than it used to be. mica: facebook would eventually take over. pavel: i am not sure.
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struggling to remain relevant because of the mobile apps protecting users. trap -- snap chat and apps like that. mica: any board meeting you have with outside investors might, you know, the in shambles, because you move around the planet so much. pavel: we like to be independent, at this point. we think there is more than market shares and revenue streams. mica: i mean, do you have enough money to last for a while? pavel: yes. definitely. mica: you can build out the platform as you see it. pavel: yes. -- i mean, in a
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way, is this a revenge on putin? secure messaging. i'm not focused on revenge. it is ironic that a lot of high-profile people use telegram . i am happy with that. russia is the number seven market for us, in terms of size of the telegram echo system -- ecosystem. it is not important if we are big, small, or blocked in russia. we have been there as a company that owns the russian market. this is not a new challenge. mica: can you go back to russia? pavel: i can. i was in russia for my mom's
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birthday. i can go in and out of the country. nobody seems to care, these days, because they have other things to be worried about. mica: so, you are not so high profile. pavel: not anymore. d my rights to a social network in russia. they should not be worried about me, at this point. i try to spend as little time as i can in russia because i want to see other places. pavel: you like to travel -- mica: you like to travel. does it concern you that isis uses telegram? pavel: they do. mica: does that concern you? pavel: that is a good question. mica: do you sleep well knowing that terrorists use the platform? pavel: you know, that is a good question. i think that privacy,
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ultimately, and the right to thancy, is more important our fear of bad things happening, like terrorists. there is a war going on in the middle east with a series of tragic events. will alwaysisis find a way to communicate. and, if any means of communication turns out to be not secure, they will switch to another one. so, i do not think we are action taking part in these activities and i do not think we should be guilty or feel guilty about it. i think we are doing the right thing, protecting privacy. mica: you think they would be using something else? pavel: absolutely. there is open source you can
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build and making christian and install them. and thel available technology is there. it is up to us how we use it. kik raised millions of dollars to build out more of an asian-style messaging platform, where you can order a car or purchase goods. you can order pizza on chen -chen. is that where you want to go with telegram? platform, notg just messaging, but also, other services, as well. pavel: yes and no. you have to have high penetration in markets. . . you have to be socially relevat for everybody.
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caseit is not always the with apps like telegram and kik, like you mentioned. we are big in some of the markets and number one in a couple of them. we do not have the dominance that is in china, japan, or korea. so, we will experiment with a payment system and a third-party application to build on top of telegram. we do not feel it is going that way in the near future. pavel: isn't there 8 -- mica: isn't there a danger that you become an also-ran? it is useful for messaging and there is not much more. yeah, the interesting thing that we noticed is that ram lastho sold teleg
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year and this year used it as the primary messaging application and that is why we see a huge increase in the activity. andave them delivered daily this is an indicator that people really love telgegram. more often than not, they start their day on the messaging app. that we should be happy we are definitely in the right place. what are the next big points you want to get to? when will you be at 100 million? pavel: we are getting there.
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something that is discouraging about getting the users is that you always get compared with the older messaging apps. this, theyovering say you have 70-100,000,000 and this is a far cry from 800-900,000,000. they do not take into account that we are that old. if you start comparing telegram companies, these are huge numbers. we are not big fans of announcing numbers. we will look with interest on the next moments of announcements. thank you very much. pavel: thank you.
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>> our next panel focuses on funding the health sector. it brings experience from being a doctor to the investments. welcome them. >> you are a medical doctor and a trained immunologist. years --been for a 10 for the last 10 years. it is not a common thing to be someone with a medical background and get into vc.
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in medicine and did not know what a venture capitalist was. i had a long way to go. my career andd in developed new therapies for diseases that are in better en and i ended up at amg the board members were venture capitalists and they started to teach me about what they did, introducing me and the rest was history. i love building companies and ing entrepreneurs. >> there is interest in things that it biology. -- in synthetic biology. what have you seen from interest with co-investors? know, in the world, there has been a specialized space to invest in and there are a lot of people who are
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traditional biotech investors to come out of banking, business development, science degrees. we are seeing some of the tech firms investing in traditional biotech. there was an announcement we could go with peter keele, who inch -- who invested in a a tremendoushas opportunity to change the way diseases are treated by using technology. it is easier to relate to now. >> you have said before that this is the last industry for technology disruption. what do you mean by that? >> if you look at everything else that we do in our lives, whether it is paying for things andrdering our goods transportation, there has been
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health care, which is the last biggest industry to be disrupted. we spend 3 trillion a year on health care. when you go to a physician, you see computers and it is still really behind the times. it is a green field now. >> why do you think there is such an interest in a more wild science? insertinge, ,harmaceutical drugs, opiates why do you think this is a time when it is happening? >> it is about the tools and it has always been about the tools thehave to understand
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levels going on and the human and wewas sequenced understood what we did not understand before, taking it to the next level. parts ofsert different genes that allow them to behave differently in areas, like cancer, with something called t-cells. andare taking a t-cell engineering it with a new receptor that goes to where the cancer is and cures patients with diseases like a cute looking -- acute leukemia. it is a dream as a physician to have the impact on disease. i am not sure -- i was not sure we would see it in my lifetime.
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now, i imagine what else we could see. >> people go through chemotherapy and lose the hair. we have a barbaric way of getting rid of cancer. >> the way we have treated cancer is a blunt instrument. we used a giant hammer to kill the disease. you are killing all the cells. now, it is targeted. if feels like a tumor at a time. we are learning about the origin of the tumor and the genetic profile of the cancer. it allows us to engineer specific drugs and therapies to treat the diseases. it is remarkable. which you focus on focuses on their piece that do not affect everybody. the are you seeing that has
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ability to change medicine overall? >> let's take it from different levels. if we look at therapeutics, there is an area where people are interested in and i have no idea if it will change medicine. it takes advantage of what we asw is living in us individual organisms and how it affects health and disease. there are people who think about how we use the data and the analytics to understand how the micro biome can impact. it is early and it could be something impactful. if we think about how medicine is practiced and how it is going to the future, where you get the doctor, it, see the is changing. we to think about the doctor's
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office, the hospitals, the emergency room. we think the cell phones and smartphones. we think of retail, going into target. there is a clinic waiting. engagementout social that allows understanding diseases. consuming think about health care is different and is changing. >> it is interesting. the smartphone becomes the clinic. you can hook in your smartphone and there are certain things out there. on a stick and you said it's your doctor. -- you send it to your doctor. there are ideas that we are waiting on for approval. >> there is an idea we are looking forward to. it is a thermometer.
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it is the most common medical device use in the country and it is a technology that allows you to have on demand at the moment you need. it is transformative. they have an interaction with the physician, instead of running their kids to the emergency room. they have the local cbs or rite aid pharmacy and they can understand what is going on in the community, doing crowdsourcing of the diseases. it changes the way that we think about dealing with illness in the community. a small example. these beforelot of we even see them.
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what are some of the wilder ones we are starting to see? >> we see a lot of things data toto using discover things that, i am not sure are a big data problem. what drug will work for what disease? it would be nice to think that you could analyze a set of data and figure it out. to me, it goes away from basic biology and assumes it is all computational. >> we have talked about this. it is a huge problem that no one knows how to fix. patches to thef problem and not a solution. what needs to happen for us to actually have a solution integrated in the hospital and people truly communicating with
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their doctors in an on-demand the wholeughout country? >> there is a lot that needs to happen. the first is building the pipes. you have to have places for data flow and have it he ubiquitous. it cannot be interpreted. it is still in silos. the government is doing that and they are saying that every hospital and practitioner has to have electronic medical records. get the data out there. it is then ubiquitous and we have access to it on our phones and computers. the analytics are up in the clouds and that is where we will see the changes. we are seeing hundreds of pitches from entrepreneurs who are unencumbered with the old carel nature of the health
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, the hospitals, and the provider offices. they are basically ignoring that in a good way and they are coming off with different technologies that you can use that allow you to understand your health. hopefully, it will be communicated back. >> you will have this opportunity in a few short years where you have people communicating with their doctors about all sorts of things, rather than waiting on bureaucratic hospitals to get back the results. we see what happens and we will keep things more instant. >> let's lose another example of tackling onet is
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of the most important and highest priced diseases in the nation, diabetes. you want it to go up and you think about onstar for your health. you have to measure glucose multiple times a day. if you do not, you have terrible consequences. it is a pain to do. systemvelop a integrated and they go up instantly. they have diabetic nurses who will call you the moment the glucose is too high and too low and they will give you the information you need. instant where you are immediately connected at the moment that you need it, as
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opposed to waiting for an appointment. this is onstar. we have it in the cars. why should we not have it for diseases? living forevert and curing cancer. you hear about being beautiful at all times. what is your level of optimism on whether or not we will actually live forever in our lifetime? >> living forever is a flawed concept. the human body is going to age over time. at what was done with levinsohn and calico. thise are trying to tackle . the problem with the "live
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forever" concept is, let's say we can do a better job with cancerer's, diabetes, or , you still have bones, muscles, hearts, everything else that is going to age. i think we are pretty far off and i always ask if i want to live forever. not know that i want to. maybe extend life in little bit or live comfortably? >> that is the key. you want to be healthy and active until you drop dead. >> it happens to everybody. >> it does. knows? how close are we to finding a chair for cancer? >> it will not be a single chair.
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we are curing a cancer at a time and we are doing a good job at that. i talked about the leukemia and the diseases like breast cancer and prostate cancer. i do not know if you sure this. you can make it a chronic disease. there is more behavioral moonshotd it is not a .live forever" type why is that? do both.e to -- wheren cases like we are trying to cure cancer in those companies, it is a step at a time. there is definitely a moonshot idea with digital health.
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we are trying to transform the entire way health care is administered to get health care on the smartphone. we are doing all sorts of investments. >> what is something that is not in the portfolio that is under the radar and we should pay attention to? think -- you know, talking about disrupting health care, companies that are changing the way insurance is administered, whether it is , thesecloverhealth companies take the old-fashioned that anhinking executive is putting together a plan that is right for you and that is not the case.
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you need technology and analytics. these are companies that are going to transform and a lot of what we think about as health care. >> i want to talk about someone on everyone's mind. now is the sentiment right about how long we have to be the firm? we are happy it is over. wouldse is done and we love to look at it and we are happy to talk about it. a lot of good came from this. there is always good that comes from adversity. you think about the levels and
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theincreased awareness with companies in the valley and it has really been incredibly positive. >> what is different? had the best track usord for hiring women with being the most forward-leaning firm. i do not know that we are different. there is more awareness and we are really excited about the partners we are hiring, focusing on a number of initiatives. class were women. underrepresented minorities and we are more focused on it.
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it is great for business in the right thing for society. it is great for the firm and the entrepreneurs. what company do you see as a unicorn? are a few unicorns already. hope that, instead of unicorns, we have public companies that are billion-dollar companies. excited aboutlly a number of our companies that are going public. so, i want to shift the unicorns -- from unicorns to rainbows. there is a pot of gold at the end of the robe -- the rainbow.
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hasoes public and liquidity. raincorn. billion-dollar companies in health and the biotech sector. >> thank you. >> thank you. appreciate it.
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>> worked on the fall of the berlin wall and the china dairy of george h.w. bush. when we started the planning for the conference i communicated with jeff at the center and putting together this conference, i hope some representatives from southern methodist can join us. our three distinguished speakers have written extensive studies, professor of political


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