1 00:00:07,120 --> 00:00:08,121 (PEOPLE CHATTERING) 2 00:00:08,200 --> 00:00:09,201 (DRAMATIC MUSIC PLAYING) 3 00:00:18,200 --> 00:00:20,407 Ooh, fuck. Yeah, it doesn't matter. 4 00:00:20,480 --> 00:00:22,244 Whoa. You okay there, Richard? 5 00:00:22,360 --> 00:00:24,203 Uh... Yeah, I'm fine. 6 00:00:24,280 --> 00:00:26,009 Sorry, I can't really throw it any slower. 7 00:00:26,080 --> 00:00:27,320 Give it another cut, Richard. 8 00:00:27,400 --> 00:00:29,164 No, I'm fine. I don't want to. 9 00:00:29,240 --> 00:00:32,130 Maybe someone else wants to. Who's next? 10 00:00:32,200 --> 00:00:34,885 If someone has to go, I'll go, but it seems very frightening. 11 00:00:34,960 --> 00:00:36,689 You sure? You got us for the whole hour. 12 00:00:36,760 --> 00:00:40,128 - Anyone? - Would it hurt your feelings if no one went? 13 00:00:42,720 --> 00:00:44,006 MAN: (ON PA.) Ladies and gentlemen, 14 00:00:44,080 --> 00:00:47,050 welcome to the annual Stern Taylor Fall Classic. 15 00:00:47,120 --> 00:00:50,010 I'd like to start by making a toast to our very special guest tonight, 16 00:00:50,080 --> 00:00:52,731 - Richard Hendricks. - (APPLAUSE) 17 00:00:52,800 --> 00:00:57,567 Richard, after your perfect game at TechCrunch Disrupt a few weeks ago, 18 00:00:57,640 --> 00:00:59,404 we fell in love with you and your tech. 19 00:00:59,520 --> 00:01:01,648 Look, we know everyone in the Valley is after you, 20 00:01:02,280 --> 00:01:06,251 and we know that you're probably going to go with Peter Gregory, 21 00:01:06,320 --> 00:01:08,891 but we'd love to have you come play on our team. 22 00:01:08,960 --> 00:01:10,962 Let Stern Taylor Capital Fund in 23 00:01:11,040 --> 00:01:14,328 on your Series A financing, because together, Richard, 24 00:01:14,400 --> 00:01:15,890 we'd be 25 00:01:15,960 --> 00:01:19,169 a home run! 26 00:01:19,240 --> 00:01:21,971 (ORGAN PLAYS CHARGE) (APPLAUSE) 27 00:01:22,120 --> 00:01:23,849 - Oh, fight. - What do you say, Richard? 28 00:01:26,600 --> 00:01:28,125 I'll do what I can. 29 00:01:29,760 --> 00:01:31,524 All right. Have fun, everybody. 30 00:01:33,000 --> 00:01:34,445 (INDISTINCT CONVERSATIONS) 31 00:01:34,520 --> 00:01:35,521 I don't know, man. 32 00:01:35,600 --> 00:01:38,046 It's starting to feel weird letting all these firms suck up to us, 33 00:01:38,160 --> 00:01:39,924 even though we're not gonna take their money. 34 00:01:40,000 --> 00:01:43,607 Richard, Peter Gregory hasn't officially given us the term sheet yet. 35 00:01:43,680 --> 00:01:45,762 Yes, but he will tomorrow when he gets back. 36 00:01:45,840 --> 00:01:49,765 If you can't enjoy this many people kissing our ass at this level, 37 00:01:49,880 --> 00:01:51,006 then I feel sorry for you. 38 00:01:51,880 --> 00:01:54,531 Would you just relax and take it in for a second? 39 00:01:54,600 --> 00:01:58,207 I mean, we are getting our dicks sucked at the AT&T Park. 40 00:01:59,560 --> 00:02:02,723 We're standing on the field of the World Series champions. 41 00:02:03,720 --> 00:02:04,801 It's totally lost on me. 42 00:02:04,880 --> 00:02:06,564 Yeah, I don't give a shit, either. 43 00:02:06,640 --> 00:02:09,484 Hey! I'm Nicole Stein. 44 00:02:09,560 --> 00:02:11,449 I lead the Growth Team at Stern Taylor. 45 00:02:11,520 --> 00:02:14,603 - Oh. I'm Dinesh. - I'm Gilfoyle. 46 00:02:14,680 --> 00:02:17,365 I love it. So what do you two do at Pied Piper? 47 00:02:17,440 --> 00:02:19,124 I'm the CTO. 48 00:02:19,240 --> 00:02:21,720 Ah, he's joking. I'm the CTO. 49 00:02:21,800 --> 00:02:23,325 Fuck you, I'm joking. 50 00:02:23,400 --> 00:02:25,607 Okay, how could you be the Chief Technology Officer? 51 00:02:25,680 --> 00:02:30,083 I get it. You hear the word "chief," and you think "lndian Chief." 52 00:02:30,160 --> 00:02:31,491 But you're the other kind of Indian. 53 00:02:31,560 --> 00:02:34,086 Okay. One, fuck you. I'm Pakistani. 54 00:02:34,160 --> 00:02:36,527 And two, how could you be CTO of anything? 55 00:02:36,600 --> 00:02:37,886 You have to be able to organize, 56 00:02:37,960 --> 00:02:39,485 you have to be able to delegate, you have to be... 57 00:02:39,560 --> 00:02:42,006 I delegate you to go get me a fucking beer 58 00:02:42,080 --> 00:02:43,684 while I talk to Nicole. 59 00:02:44,320 --> 00:02:47,244 George Silver, operating partner at Stern Taylor. 60 00:02:47,960 --> 00:02:50,611 So, what do you do at Pied Piper? 61 00:02:51,600 --> 00:02:53,250 He's the CTO. 62 00:02:55,120 --> 00:02:56,121 (JAZZ MUSIC PLAYING) 63 00:02:57,280 --> 00:02:58,441 ERLICH: That's Drew Houston. 64 00:02:58,520 --> 00:03:00,921 We've been circling each other for the last 20 minutes. 65 00:03:01,440 --> 00:03:02,487 Ooh! 66 00:03:02,560 --> 00:03:03,686 The Winklevoss twins. 67 00:03:03,760 --> 00:03:06,809 Look at them. They're like two genetically enhanced Ken dolls. 68 00:03:06,880 --> 00:03:08,723 Do you know how much Bitcoin they're worth? 69 00:03:09,240 --> 00:03:10,765 Oh, shit, they're splitting up. 70 00:03:11,800 --> 00:03:13,484 Cameron's the left dominant one, right? 71 00:03:13,560 --> 00:03:15,847 - I can't tell them apart. - I'm gonna come at him from the right side, 72 00:03:15,920 --> 00:03:18,810 try and herd them back together without spooking them. 73 00:03:19,080 --> 00:03:20,320 Watch this. 74 00:03:20,400 --> 00:03:22,368 Cameron! Cameron! 75 00:03:22,840 --> 00:03:24,888 - Okay. - JAVEED: Well, well, well, 76 00:03:24,960 --> 00:03:27,167 look who's the big swinging dick. 77 00:03:27,240 --> 00:03:30,369 Hey, Javeed, everything okay at Goolybib? 78 00:03:30,480 --> 00:03:32,847 You gotta ask them. They canned me. 79 00:03:32,920 --> 00:03:34,809 - What? - Yeah. 80 00:03:34,880 --> 00:03:37,565 Our investors got spooked by a possible down round, 81 00:03:37,640 --> 00:03:39,608 so they shoved an acquisition down my throat. 82 00:03:39,680 --> 00:03:42,889 Yeah, an acquisition of $200 million, right? 83 00:03:42,960 --> 00:03:46,965 Yeah, they all made out. I had a reverse vest with no triggers, 84 00:03:47,320 --> 00:03:49,687 then I lost all my shares when they fired me. 85 00:03:50,640 --> 00:03:52,722 I blew my whole signing bonus renting that house. 86 00:03:52,800 --> 00:03:55,007 I'm looking into suing 'em. 87 00:03:55,640 --> 00:03:56,971 Jeez. 88 00:03:57,040 --> 00:03:59,008 Look, all I can say is, 89 00:03:59,080 --> 00:04:01,048 don't get fucked, all right? 90 00:04:01,120 --> 00:04:04,442 You take money from the wrong dudes, and you'll get smoked as bad as I did. 91 00:04:05,160 --> 00:04:06,446 Just be careful. 92 00:04:06,520 --> 00:04:08,170 Everyone is watching you now. 93 00:04:08,240 --> 00:04:10,846 Yeah. Totally. I know. Thanks, Javeed. 94 00:04:10,920 --> 00:04:15,289 No. I mean, they're watching you right now. 95 00:04:16,960 --> 00:04:17,961 (ORGAN PLAYS CHARGE) 96 00:04:18,040 --> 00:04:19,849 - Yeah. - (APPLAUSE) 97 00:04:19,920 --> 00:04:21,649 Damn it. Where is that camera? 98 00:04:22,120 --> 00:04:23,485 (THEME MUSIC PLAYING) 99 00:04:33,160 --> 00:04:34,810 DINESH: I can't believe how many gifts we're getting. 100 00:04:34,920 --> 00:04:38,242 GILFOYLE: Gifts I'm getting. That Oculus rig is addressed to the CTO. 101 00:04:38,320 --> 00:04:39,970 DINESH: No, I'm the CTO. 102 00:04:40,040 --> 00:04:43,089 As your superior, I order you to give me that Oculus. 103 00:04:43,720 --> 00:04:45,927 You can't make me do stuff. You're not the boss of me. 104 00:04:46,000 --> 00:04:47,764 - Actually, I am the boss of you. - Okay. 105 00:04:47,840 --> 00:04:49,046 GILFOYLEI Richard, tell him I'm CTO. 106 00:04:49,120 --> 00:04:50,963 DINESH: No, you already told that fat guy that I'm the CTO. 107 00:04:51,040 --> 00:04:52,724 Stop, stop, stop. Please stop. 108 00:04:53,720 --> 00:04:55,609 I have a ton of work to do. You have work to do. 109 00:04:55,680 --> 00:04:57,728 Maybe let's do the work instead of that. 110 00:04:59,240 --> 00:05:01,561 Jared, we were supposed to get a term sheet today. 111 00:05:01,640 --> 00:05:03,165 - Have we heard from Peter Gregory? - (KEYBOARD CLICKING) 112 00:05:04,040 --> 00:05:05,929 Peter Gregory is dead. 113 00:05:06,720 --> 00:05:07,721 What? 114 00:05:09,040 --> 00:05:10,690 (KEYBOARD CLICKING) 115 00:05:15,600 --> 00:05:17,409 Holy shit. 116 00:05:25,960 --> 00:05:28,122 MONICA: He was the smartest, 117 00:05:28,200 --> 00:05:31,010 shrewdest, (SCOFFS) 118 00:05:31,080 --> 00:05:33,560 strangest man I've ever known. 119 00:05:35,560 --> 00:05:37,688 I can't believe that he's gone. 120 00:05:38,040 --> 00:05:41,249 (CLEARS THROAT) Can I ask what happened? 121 00:05:41,360 --> 00:05:43,124 Yeah. Um... 122 00:05:43,200 --> 00:05:46,044 He was in the Serengeti on safari... 123 00:05:46,120 --> 00:05:48,691 - Ah. -...and he had just gone into his tent 124 00:05:48,760 --> 00:05:51,730 when a hippo wandered into the camp. 125 00:05:52,200 --> 00:05:53,565 Oh, wow. 126 00:05:54,600 --> 00:05:55,931 He was attacked by a hippo? 127 00:05:56,040 --> 00:05:57,201 No. No. 128 00:05:57,280 --> 00:06:00,921 I guess the hippo started to charge 129 00:06:01,000 --> 00:06:03,446 when the guide grabbed his rifle and shot at it, 130 00:06:05,120 --> 00:06:08,203 but his aim was off, and... 131 00:06:10,000 --> 00:06:12,765 And he shot Peter Gregory by accident? 132 00:06:12,840 --> 00:06:15,286 - Yeah. - No, he missed... 133 00:06:16,080 --> 00:06:19,448 But I guess the sound of the gun startled Peter, 134 00:06:19,520 --> 00:06:23,002 who ran out of his tent and... 135 00:06:25,160 --> 00:06:26,889 Ran right into the hippo? 136 00:06:26,960 --> 00:06:29,884 No, the hippo was also startled by the noise 137 00:06:30,480 --> 00:06:34,849 and had run off prior to Peter exiting his tent. 138 00:06:38,880 --> 00:06:40,644 So, what happened to Peter? 139 00:06:41,280 --> 00:06:45,205 He hadn't run in a long time, 140 00:06:46,000 --> 00:06:50,005 maybe ever, and you know, he just... 141 00:06:53,800 --> 00:06:54,847 That was it. 142 00:07:00,160 --> 00:07:01,207 - Uh. - Uh. 143 00:07:01,280 --> 00:07:04,841 - That is so very strange. - (CLEARS THROAT) 144 00:07:04,920 --> 00:07:07,685 - Very sad and tragic. Wow. - Very sad and strange. 145 00:07:09,360 --> 00:07:10,885 See you. 146 00:07:12,440 --> 00:07:13,487 Man, that is so weird. 147 00:07:13,560 --> 00:07:16,848 I mean, one minute Peter Gregory is here, the next, he's just gone. 148 00:07:16,920 --> 00:07:18,126 ERLICH: Jared, it's Erlich. 149 00:07:18,200 --> 00:07:21,283 I need you to set up all the other VC meetings, ASAP. 150 00:07:21,360 --> 00:07:23,044 Line 'em up nuts to butts. 151 00:07:23,120 --> 00:07:25,771 Erlich, what are you doing? Monica just said they're still gonna fund us. 152 00:07:25,880 --> 00:07:26,961 We should just sit tight. 153 00:07:27,040 --> 00:07:30,965 Look, I loved Peter Gregory maybe even more than he loved me, 154 00:07:31,040 --> 00:07:32,280 but there's something you need to know here, 155 00:07:32,360 --> 00:07:35,364 something that Monica isn't exactly volunteering up, 156 00:07:35,440 --> 00:07:38,091 and that's that all of these one-man firms have a key-man clause. 157 00:07:38,160 --> 00:07:39,650 - Do you know what that means? - No. 158 00:07:39,720 --> 00:07:42,200 It means that now that Peter Gregory is gone, 159 00:07:42,280 --> 00:07:43,691 all the Raviga investors 160 00:07:43,760 --> 00:07:46,604 have the contractual right to cash out and walk away, 161 00:07:46,680 --> 00:07:50,002 which means that by the end of the day, there may not be a Raviga. 162 00:07:50,080 --> 00:07:52,651 - Seriously? - Yes, so we have to prepare for that. 163 00:07:52,720 --> 00:07:55,769 Now, I know that it makes me sound like a terrible person, 164 00:07:55,840 --> 00:07:57,001 but we have a company to run. 165 00:07:57,120 --> 00:07:59,327 And do you know who the first person to agree with me would be? 166 00:07:59,400 --> 00:08:00,731 Peter Gregory. 167 00:08:02,480 --> 00:08:04,403 (DRAMATIC MUSIC PLAYING) 168 00:08:10,880 --> 00:08:13,360 And that is the very first spot in our new campaign 169 00:08:13,440 --> 00:08:15,408 heralding the upcoming release of Nucleus 170 00:08:15,480 --> 00:08:17,164 this January at CES. 171 00:08:17,760 --> 00:08:20,161 - Any questions? - I have a question. 172 00:08:20,240 --> 00:08:21,241 That was horrible. 173 00:08:22,040 --> 00:08:25,522 I just got humiliated by a fucking teenager at TechCrunch Disrupt, 174 00:08:25,600 --> 00:08:28,365 and you give me this tampon ad? 175 00:08:28,440 --> 00:08:30,442 A girl with diabetes on a swing? 176 00:08:30,520 --> 00:08:32,443 - I think she has cancer. - MAN: Yeah. 177 00:08:32,520 --> 00:08:34,204 At least that's how I read it. 178 00:08:34,280 --> 00:08:35,805 I don't care what kind of disease she had! 179 00:08:35,880 --> 00:08:40,044 All I care about is that Nucleus is better than Pied Piper. 180 00:08:40,120 --> 00:08:41,770 Hendricks just left us all in the dust. 181 00:08:42,440 --> 00:08:44,124 If we get this wrong, 182 00:08:44,200 --> 00:08:46,601 we could blow the business opportunity of a lifetime! 183 00:08:46,680 --> 00:08:49,206 Data creation is exploding. 184 00:08:49,280 --> 00:08:54,161 With all the selfies and useless files people refuse to delete on the cloud, 185 00:08:54,640 --> 00:08:59,885 92% of the world's data was created in the last two years alone. 186 00:08:59,960 --> 00:09:01,041 At the current rate, 187 00:09:01,120 --> 00:09:05,170 the world's data storage capacity will be overtaken by next spring. 188 00:09:05,240 --> 00:09:07,641 It will be nothing short of a catastrophe. 189 00:09:07,720 --> 00:09:11,770 Data shortages, data rationing, data black markets. 190 00:09:11,840 --> 00:09:15,401 Someone's compression will save the world from data-geddon, 191 00:09:15,480 --> 00:09:19,121 and it sure as hell better be Nucleus and not goddamn Pied Piper! 192 00:09:20,800 --> 00:09:22,290 I don't know about you people, 193 00:09:22,360 --> 00:09:23,646 but I don't wanna live in a world 194 00:09:23,720 --> 00:09:27,805 where someone else makes the world a better place better than we do. 195 00:09:33,480 --> 00:09:37,405 "Data-geddon." Is he married to that, or... 196 00:09:37,480 --> 00:09:39,687 There's just been a lot of "geddons" lately. 197 00:09:39,760 --> 00:09:42,411 That's true. "Snow-mageddon," "car-mageddon." 198 00:09:42,480 --> 00:09:44,528 There's that movie Armageddon. 199 00:09:49,640 --> 00:09:51,688 Laurie, you wanted to see me? 200 00:09:51,760 --> 00:09:53,808 Monica, come in, come in. I'm sure you've heard by now 201 00:09:53,880 --> 00:09:55,723 that I've been named our new managing partner. 202 00:09:55,800 --> 00:09:57,529 MONICA: Yes. Congratulations. 203 00:09:57,600 --> 00:10:00,763 Did the limited partners tell you how they made their decision? 204 00:10:01,200 --> 00:10:03,168 Oh. They looked at the portfolio performances 205 00:10:03,240 --> 00:10:05,481 of each of the senior partners over the last several funds, 206 00:10:05,560 --> 00:10:08,086 and my numbers were, objectively, the most favorable. 207 00:10:08,160 --> 00:10:09,764 Therefore, I was selected. 208 00:10:09,840 --> 00:10:14,482 Yeah, it's just managing partner is all about meeting with people 209 00:10:14,560 --> 00:10:16,369 and interacting with people. 210 00:10:16,440 --> 00:10:18,329 You can sit down if you want to. Do you want to? 211 00:10:18,400 --> 00:10:20,050 - Oh... - Or should we stand? 212 00:10:20,280 --> 00:10:21,964 Uh... I... Whatever... 213 00:10:22,040 --> 00:10:23,041 - I'm standing... - Okay. 214 00:10:23,120 --> 00:10:24,281 But you don't have to. 215 00:10:24,880 --> 00:10:27,770 - Okay. - Would it make you feel awkward to sit? 216 00:10:27,840 --> 00:10:29,251 I'm okay to stand. 217 00:10:30,640 --> 00:10:33,086 - Monica... - Of course. 218 00:10:33,440 --> 00:10:35,090 Peter Gregory is dead. 219 00:10:36,040 --> 00:10:37,804 Yes, I know. 220 00:10:37,880 --> 00:10:42,169 On a personal note, his death is very sad. 221 00:10:42,240 --> 00:10:45,084 But on a professional level, it's untenable. 222 00:10:45,160 --> 00:10:46,321 I've been reviewing his files. 223 00:10:46,400 --> 00:10:48,880 He was pursuing a number of extremely dubious positions. 224 00:10:49,000 --> 00:10:53,642 Are you aware that we own a $30 million ostrich farm in Morocco, 225 00:10:53,720 --> 00:10:56,644 or that we are the majority stakeholders 226 00:10:56,920 --> 00:10:59,400 in three companies that specialize in invisibility? 227 00:10:59,560 --> 00:11:04,282 This box is filled with napkins covered with notes detailing Peter's conviction 228 00:11:04,400 --> 00:11:08,291 that genetically-modified cranberry fungus would become the next cotton. 229 00:11:08,400 --> 00:11:10,448 - That... That one I remember. - Yes. 230 00:11:11,560 --> 00:11:12,971 - Monica. - Mmm-hmm. 231 00:11:13,920 --> 00:11:15,570 Peter Gregory is dead. 232 00:11:16,880 --> 00:11:18,530 - Yes. - We need to seem competitive, 233 00:11:18,600 --> 00:11:20,011 now more than ever, 234 00:11:20,080 --> 00:11:23,289 to our investors as well as to the industry at large. 235 00:11:23,360 --> 00:11:24,361 Well, I mean, 236 00:11:24,440 --> 00:11:28,411 Pied Piper is probably the hottest early investment in town right now, 237 00:11:28,480 --> 00:11:29,720 and we have them. 238 00:11:29,800 --> 00:11:31,450 Do we? 239 00:11:32,200 --> 00:11:35,568 But why then are they speaking to other firms about investing in their Series A? 240 00:11:35,640 --> 00:11:38,450 No, no. I just told them to sit tight for a day or two 241 00:11:38,520 --> 00:11:39,760 until we sorted things out. 242 00:11:39,840 --> 00:11:44,050 It seems that that advanced a sense of uncertainty, 243 00:11:44,120 --> 00:11:46,327 and now we're at risk of losing their round. 244 00:11:46,400 --> 00:11:48,846 This could jeopardize the firm 245 00:11:48,920 --> 00:11:51,890 and, by extension, your career here, Monica, 246 00:11:51,960 --> 00:11:53,450 as an associate partner. 247 00:11:53,520 --> 00:11:56,205 Well, I guess I was just kind of in shock. 248 00:11:56,280 --> 00:11:57,361 Monica... 249 00:11:57,440 --> 00:11:58,441 (SIGHS) 250 00:12:00,520 --> 00:12:02,329 Peter Gregory is dead. 251 00:12:04,800 --> 00:12:07,201 Yes. I know. 252 00:12:08,960 --> 00:12:10,200 ERLICHI This is great. 253 00:12:10,280 --> 00:12:12,726 I mean, do you know how many times I've gone into these rooms 254 00:12:12,800 --> 00:12:15,770 with nothing but a half of an ass in my hand? 255 00:12:15,880 --> 00:12:20,647 We're walking in there with 3-foot cocks covered in Elvis dust. 256 00:12:20,760 --> 00:12:21,761 (PHONE RINGING) 257 00:12:21,840 --> 00:12:24,491 - Really? - Richard Hendricks? They're ready for you. 258 00:12:25,320 --> 00:12:27,971 - This is a fucking layup, guys. - RICHARD: Okay, let's do this. 259 00:12:29,640 --> 00:12:31,130 ERLICH: Not you, Jared. 260 00:12:31,840 --> 00:12:33,763 Now, with proper funding, 261 00:12:33,840 --> 00:12:38,607 we should be able to put together a functioning beta in time for CES 262 00:12:38,680 --> 00:12:43,049 and compress Nucleus out of the marketplace. 263 00:12:43,120 --> 00:12:44,451 (BOTH CHUCKLE) 264 00:12:46,240 --> 00:12:47,810 Yeah. 265 00:12:47,880 --> 00:12:48,927 I don't know. 266 00:12:49,960 --> 00:12:51,450 You don't... What? 267 00:12:52,080 --> 00:12:54,048 It just doesn't seem worked out to me. 268 00:12:54,880 --> 00:12:59,363 Well, I mean, it was worked out enough to win TechCrunch Disrupt. 269 00:12:59,440 --> 00:13:02,284 Yes, and congratulations, you won 50 grand, 270 00:13:02,360 --> 00:13:05,807 but you're asking us for 200 times that. 271 00:13:05,880 --> 00:13:10,681 Richard, look, we all know about your amazing compression rate, 272 00:13:10,760 --> 00:13:12,888 but let's not be naive here. 273 00:13:12,960 --> 00:13:16,043 You can't expect to just throw money at an algorithm 274 00:13:16,120 --> 00:13:19,966 and beat one of the largest tech companies in the world. 275 00:13:20,040 --> 00:13:21,690 So why don't you rework this a little 276 00:13:21,760 --> 00:13:24,491 and come back in with a little more? 277 00:13:24,560 --> 00:13:26,210 Maybe next week? 278 00:13:28,160 --> 00:13:29,207 And? 279 00:13:29,600 --> 00:13:31,682 That was really weird. 280 00:13:31,760 --> 00:13:34,730 I guess we don't have as much Elvis dust on us as I thought. 281 00:13:34,800 --> 00:13:37,485 You see? This is why I wanted to go with Peter Gregory. 282 00:13:37,560 --> 00:13:38,607 This is bullshit. 283 00:13:38,680 --> 00:13:42,321 I mean, that guy throws this huge party for us and then acts like he doesn't even want us? 284 00:13:42,400 --> 00:13:43,925 I mean, I fucking hate parties. 285 00:13:44,000 --> 00:13:45,889 And then he says, "Come back next week when you have more." 286 00:13:45,960 --> 00:13:48,691 More? More than 5.2 on Weissman? (SCOFFS) 287 00:13:48,760 --> 00:13:50,444 No. No. 288 00:13:50,520 --> 00:13:53,729 Fuck that guy. Fuck this place. Fuck this whole place. 289 00:13:54,240 --> 00:13:56,322 - Watch me fuck this place. - No, wait! Wait, wait! 290 00:13:57,960 --> 00:14:01,362 Hey. You remember when you told me to come back when I had more? 291 00:14:01,440 --> 00:14:03,010 And then I said I would? 292 00:14:03,080 --> 00:14:06,687 Well, I'm not going to. Ever. This doesn't count. Okay. 293 00:14:06,760 --> 00:14:09,366 I'm covered in dust. I'm a 3-foot dick, 294 00:14:09,440 --> 00:14:11,966 and I've got half an ass to go to some other company 295 00:14:12,080 --> 00:14:15,050 who's never gonna put me on a Jumbotron or throw balls at me. 296 00:14:18,520 --> 00:14:19,760 Bye. 297 00:14:27,200 --> 00:14:29,885 Are you feeling unwell? Do you need protein? 298 00:14:29,960 --> 00:14:31,325 I don't know what happened. 299 00:14:31,400 --> 00:14:34,688 Between Peter dying and Raviga maybe being gone, I just... 300 00:14:34,760 --> 00:14:36,762 I just wanna get funded and build Pied Piper. 301 00:14:36,840 --> 00:14:38,205 I hate this part. 302 00:14:38,960 --> 00:14:40,883 - ERLICH: Well, if one thing is for sure... - (CELL PHONE CHIMES) 303 00:14:40,960 --> 00:14:44,203 ...if we're gonna get any traction, I need to step up my game. 304 00:14:44,320 --> 00:14:46,004 It's an email from Ron LaFlamme. 305 00:14:47,320 --> 00:14:49,721 "Just got a term sheet from Stern Taylor. 306 00:14:49,800 --> 00:14:53,964 "They offered $5 million at $25 million post-money valuation. 307 00:14:54,080 --> 00:14:55,320 "More than I thought." 308 00:14:55,400 --> 00:14:56,890 Shit. They were negging us. 309 00:14:57,000 --> 00:14:58,968 - Negging? "Neggifig is going negative. 310 00:14:59,040 --> 00:15:02,442 It's a manipulative sex strategy used by lonely chauvinists. 311 00:15:02,520 --> 00:15:03,726 ERLICH: See, everybody wants us. 312 00:15:03,840 --> 00:15:08,084 But, by shitting all over us, they try and bring our price down. 313 00:15:08,160 --> 00:15:12,085 But you shitting all over them counteracted their shitting all over us. 314 00:15:12,160 --> 00:15:15,403 You negged a neg. Richard, this could be good. 315 00:15:15,480 --> 00:15:17,847 - Where do we have next? - Ross Loma Capital. 316 00:15:17,920 --> 00:15:19,410 Should I keep doing it? Should I keep negging? 317 00:15:19,520 --> 00:15:20,965 No, no, I'll handle this. 318 00:15:21,040 --> 00:15:23,691 If they want to negotiate using hostility and rudeness, 319 00:15:24,960 --> 00:15:26,689 well, they picked the wrong guy. 320 00:15:27,520 --> 00:15:30,330 Well, you see, our main concern 321 00:15:30,400 --> 00:15:33,688 is how you're going to achieve escape velocity on your growth rate. 322 00:15:33,760 --> 00:15:35,364 - (CHUCKLING) -if critical mass... 323 00:15:36,840 --> 00:15:39,002 I'm sorry. What's funny? 324 00:15:39,080 --> 00:15:41,242 It's just that painting behind you. 325 00:15:41,320 --> 00:15:43,049 It's awful. 326 00:15:43,120 --> 00:15:46,761 It looks like harlequin Kama-sutra done poorly. 327 00:15:47,400 --> 00:15:49,801 So, I agree, 328 00:15:49,880 --> 00:15:51,723 bad culture fit. 329 00:15:51,800 --> 00:15:53,643 I think we all just move on. 330 00:15:53,720 --> 00:15:55,131 Look, I didn't say anything about a culture fit. 331 00:15:55,200 --> 00:15:56,725 No, I did. 332 00:15:57,320 --> 00:15:59,971 Okay. Well, 333 00:16:00,040 --> 00:16:01,326 thank you for meeting with us. 334 00:16:01,400 --> 00:16:03,289 We have a bunch of these things to go to, 335 00:16:03,360 --> 00:16:06,091 hopefully with more tasteful artwork. 336 00:16:06,160 --> 00:16:09,642 And your logo looks like a sideways vagina. 337 00:16:09,720 --> 00:16:12,291 I find that to be racist, don't you? 338 00:16:15,800 --> 00:16:16,961 Okay, here's my concern... 339 00:16:17,080 --> 00:16:20,801 Here's my concern. Who the hell picked out that shirt for you? 340 00:16:20,880 --> 00:16:22,041 What? 341 00:16:23,080 --> 00:16:25,321 Oh, I see. With the pants. 342 00:16:25,400 --> 00:16:28,085 So I guess it's a whole thing. 343 00:16:28,160 --> 00:16:29,730 My wife picked these out. 344 00:16:29,840 --> 00:16:31,171 Then you married poorly. 345 00:16:31,440 --> 00:16:34,330 Do you care about Pied Piper? 346 00:16:34,400 --> 00:16:37,290 Do I care about Pied Piper? Well, of course. 347 00:16:37,360 --> 00:16:39,681 Cause if you do, I'm not seeing it. 348 00:16:39,880 --> 00:16:44,647 In fact, what I think I'm seeing is the human equivalent of a flaccid penis. 349 00:16:45,760 --> 00:16:48,411 "Flak-sid." It's actually pronounced "flak-sid." 350 00:16:48,480 --> 00:16:49,891 Not a lot of people know that. 351 00:16:49,960 --> 00:16:51,769 Well, we are definitely interested, 352 00:16:51,840 --> 00:16:54,366 but I think we need to... 353 00:16:54,440 --> 00:16:56,568 I'm sorry. ls something wrong? 354 00:16:56,800 --> 00:16:59,531 No, this is all wrong. 355 00:16:59,600 --> 00:17:01,887 I am sensing a general lack of vision. 356 00:17:03,120 --> 00:17:04,690 Your muffins smell like shit. 357 00:17:04,760 --> 00:17:06,444 So do your ideas. 358 00:17:07,160 --> 00:17:10,050 One of you is the least attractive person I've ever seen, 359 00:17:10,120 --> 00:17:12,009 and I'm not gonna say who. 360 00:17:13,480 --> 00:17:15,881 Should we leave or should you? 361 00:17:15,960 --> 00:17:19,328 We just got offered eight at 40. 362 00:17:19,400 --> 00:17:20,970 We're five for five, gentlemen. 363 00:17:21,040 --> 00:17:23,646 And Galveston Capital Fund and Yountville Ventures called. 364 00:17:23,720 --> 00:17:25,882 They want to move their meetings up before everyone else. 365 00:17:25,960 --> 00:17:28,725 Hey, let me try. I want to be rude at this next one. 366 00:17:28,800 --> 00:17:30,040 Go for it. 367 00:17:30,120 --> 00:17:31,406 So, with some proper funding, 368 00:17:31,480 --> 00:17:34,165 we should be able to get a functioning beta in time for CES. 369 00:17:35,240 --> 00:17:37,527 And if you don't fund us, 370 00:17:37,600 --> 00:17:39,728 you're a fucking slut. 371 00:17:42,920 --> 00:17:44,160 (SNIFFING) Oh... 372 00:17:44,240 --> 00:17:46,766 What's that smell? Is that a fart? 373 00:17:47,760 --> 00:17:49,000 Are you a farter? 374 00:17:50,000 --> 00:17:54,050 Now, can I have a pastry? Or are you guys gonna eat 'em all? 375 00:17:55,400 --> 00:17:57,323 'Cause you're gonna get fat. 376 00:17:59,840 --> 00:18:03,970 It's not your fault, Richard. This is just something that can't be taught, 377 00:18:04,040 --> 00:18:07,567 so leave the next one to me. I can feel a big one coming on. 378 00:18:07,640 --> 00:18:08,641 What are you gonna do? 379 00:18:09,200 --> 00:18:11,362 I'm not sure yet, but give me room. 380 00:18:11,440 --> 00:18:13,966 There's something inside of me that has to come out, 381 00:18:14,040 --> 00:18:15,565 and who am I to stop it? 382 00:18:16,600 --> 00:18:17,601 (COMPUTER BEEPS) 383 00:18:18,000 --> 00:18:19,161 His balls? 384 00:18:19,640 --> 00:18:21,404 He put his balls on the table? 385 00:18:21,480 --> 00:18:23,608 - Right on the table. - On purpose? 386 00:18:23,680 --> 00:18:26,206 I don't see how it could be by accident. 387 00:18:26,280 --> 00:18:29,443 Richard, I just got an email from the guys at Midland-Oak. 388 00:18:29,520 --> 00:18:31,887 Apparently, there is a line, and I crossed it... 389 00:18:32,880 --> 00:18:36,805 The line between $12 and $15 million! 390 00:18:37,040 --> 00:18:38,246 Ba-bam! 391 00:18:38,320 --> 00:18:39,970 Midland-Oak's offerjust came in. 392 00:18:40,040 --> 00:18:44,443 Gentlemen, we are valued at 75 million, fully diluted. 393 00:18:44,560 --> 00:18:45,721 Are you shitting me? 394 00:18:45,800 --> 00:18:47,404 Take a look at these term sheets. 395 00:18:47,520 --> 00:18:49,602 There is a linear correlation 396 00:18:49,680 --> 00:18:51,330 between how intolerable I was... 397 00:18:51,440 --> 00:18:53,044 - (KNOCKING) -...and the height of valuation. 398 00:18:53,720 --> 00:18:56,041 Hey, YOU guys. Um... 399 00:18:56,120 --> 00:18:59,124 This is Laurie Bream, the new managing partner at Raviga. 400 00:18:59,240 --> 00:19:02,483 Oh, uh... Hi. I'm Richard Hendricks. 401 00:19:02,560 --> 00:19:05,404 Yes. I recognize you from your photograph. 402 00:19:05,480 --> 00:19:08,529 - It's very nice to meet you in person. - Yeah. 403 00:19:08,600 --> 00:19:09,681 Okay, so we did that. 404 00:19:09,760 --> 00:19:12,047 Gentlemen, I am aware of the degree of interest 405 00:19:12,120 --> 00:19:13,246 you are receiving from other firms. 406 00:19:13,320 --> 00:19:17,450 I am aware that participation in your Series A will require a very competitive offer, 407 00:19:17,520 --> 00:19:20,444 but for numerous reasons, I believe it to be the prudent decision. 408 00:19:21,000 --> 00:19:25,130 Now I am presenting you with this. 409 00:19:25,760 --> 00:19:29,810 $20 million at $100 million valuation? 410 00:19:29,880 --> 00:19:31,689 I don't... Uh... 411 00:19:31,760 --> 00:19:34,366 This is way more than any other offer. 412 00:19:34,440 --> 00:19:35,521 Correct. 413 00:19:36,760 --> 00:19:38,000 That is very much intentional. 414 00:19:38,400 --> 00:19:41,210 So, I believe that satisfies your requirements? 415 00:19:41,280 --> 00:19:43,681 Monica will arrange a time to formalize the details. 416 00:19:43,760 --> 00:19:45,330 Thank you. Have a good day. 417 00:19:46,160 --> 00:19:47,400 Uh, thank you. 418 00:19:48,920 --> 00:19:49,921 Yes. 419 00:19:53,000 --> 00:19:55,765 Congratulations, guys. I am so glad... 420 00:19:55,880 --> 00:19:56,881 (ENGINE STARTS) 421 00:19:56,960 --> 00:19:59,645 Oh, shit! She's my ride home. I'll call you, Richard. 422 00:19:59,760 --> 00:20:01,205 Uh, yeah, okay. 423 00:20:01,800 --> 00:20:04,326 - Thanks for stopping... - MONICA: Wait! Laurie, hold on! 424 00:20:04,880 --> 00:20:06,041 (LAUGHS) 425 00:20:06,120 --> 00:20:08,122 Guys, I think we're funded. 426 00:20:08,200 --> 00:20:10,567 - Yes! Richie! - Yeah! 427 00:20:12,480 --> 00:20:13,481 (SIGHS) 428 00:20:14,680 --> 00:20:17,650 ERLICH: So, I push my dick to the side, unbutton the bottom two buttons and... 429 00:20:17,720 --> 00:20:18,721 Bam! 430 00:20:20,320 --> 00:20:21,446 Ah! 431 00:20:21,520 --> 00:20:23,249 - What are you doing? - Shit. Sorry, sorry. Sorry. 432 00:20:24,680 --> 00:20:26,842 (STAMMERS) Meet me on the side of the house. 433 00:20:26,920 --> 00:20:28,888 -L... Okay. - Okay. Okay. Go. 434 00:20:30,320 --> 00:20:32,243 - Hey. - Hey, what's up? 435 00:20:32,320 --> 00:20:35,722 If anyone finds out that I came back here, I will get fired, okay? 436 00:20:35,800 --> 00:20:37,484 Okay. 437 00:20:37,560 --> 00:20:40,404 - Don't take this deal. - What? 438 00:20:40,480 --> 00:20:43,051 You are worth half that at best. 439 00:20:43,520 --> 00:20:45,568 Oh, wow. Thanks for the compliment. 440 00:20:45,680 --> 00:20:48,126 No. The credit to you guys. You negotiated your asses off, 441 00:20:48,200 --> 00:20:50,567 but this is a classic runaway valuation. 442 00:20:51,400 --> 00:20:53,050 What's wrong with that? 443 00:20:53,120 --> 00:20:58,206 Pied Piper will be tied to this crazy valuation that you will never be able to live up to. 444 00:20:58,840 --> 00:21:02,128 If you don't keep increasing in value in the next round, 445 00:21:02,200 --> 00:21:04,521 if you have a down round, you are fucked. 446 00:21:04,600 --> 00:21:07,604 It is the kiss of death for a young CEO. 447 00:21:07,680 --> 00:21:11,366 You want to start with a realistic valuation and grow at a reasonable pace. 448 00:21:11,440 --> 00:21:15,968 Okay, well, if it's such a shitty deal, then why did your boss offer it to us? 449 00:21:16,040 --> 00:21:18,088 Because she's competitive as hell. 450 00:21:18,160 --> 00:21:20,970 She needs Pied Piper to keep Raviga afloat, Richard. 451 00:21:21,040 --> 00:21:22,690 - Okay. - Look, I respect Laurie, 452 00:21:23,120 --> 00:21:25,805 but this is the exact type of thing Peter never did. 453 00:21:27,080 --> 00:21:29,128 Richard, come on. I own shares in Pied Piper. 454 00:21:29,200 --> 00:21:31,282 If this high evaluation was good in the long-term, 455 00:21:31,360 --> 00:21:33,249 would I be standing here, risking my job? 456 00:21:34,480 --> 00:21:35,561 Don't take our offer. 457 00:21:35,640 --> 00:21:38,007 Maybe go with the lowest offer you got. 458 00:21:38,080 --> 00:21:39,809 Even that might be too high. 459 00:21:39,880 --> 00:21:42,804 (SCOFFS) Again, thank you for the compliment. 460 00:21:43,600 --> 00:21:47,924 Also, I didn't see anything in there. 461 00:21:48,000 --> 00:21:50,002 No. Yeah, thank you. 462 00:21:50,120 --> 00:21:52,407 I was gonna say if you had, you'd have to show me yours, too. 463 00:21:52,480 --> 00:21:53,527 (CHUCKLES) 464 00:21:55,160 --> 00:21:56,764 - Um... - (CLEARS THROAT) 465 00:21:56,840 --> 00:21:59,923 - Okay. - Okay. Thanks for the... 466 00:22:00,000 --> 00:22:01,001 Okay. 467 00:22:15,960 --> 00:22:17,371 Yeah, sorry about that party. 468 00:22:18,240 --> 00:22:19,969 I was in kind of a bad way that night. 469 00:22:20,040 --> 00:22:23,442 And truth is, I'm actually doing okay. 470 00:22:23,880 --> 00:22:26,167 - Good. That's great. - Yeah. 471 00:22:26,280 --> 00:22:29,170 I mean, I could run the scenarios about what happened all I want, 472 00:22:29,600 --> 00:22:33,491 (SIGHING) but I finallyjust realized there's just nothing I can do, you know? 473 00:22:33,560 --> 00:22:34,846 Yeah. 474 00:22:34,920 --> 00:22:37,685 So, I'm at peace with it all. 475 00:22:37,760 --> 00:22:40,081 I was thinking, actually, um, 476 00:22:40,160 --> 00:22:42,766 what if you had asked for less? 477 00:22:44,240 --> 00:22:45,287 What? 478 00:22:45,400 --> 00:22:47,448 Well, what if you could've gone to someone 479 00:22:47,520 --> 00:22:50,126 and asked for less than what they offered that first round? 480 00:22:50,440 --> 00:22:52,602 Like, you mean, negotiating them down? 481 00:22:53,240 --> 00:22:55,049 - Yeah. - Can you even do that? 482 00:22:55,120 --> 00:22:58,090 - Well, yeah. I mean, why not? - Yeah, but... 483 00:22:59,800 --> 00:23:03,202 I mean, I guess, technically, I could have. 484 00:23:03,280 --> 00:23:04,327 Mmm... 485 00:23:04,440 --> 00:23:05,646 Huh. 486 00:23:05,720 --> 00:23:09,486 Yeah, I suppose you could argue that it might've been easier 487 00:23:09,560 --> 00:23:13,281 to hit more realistic benchmarks 488 00:23:13,640 --> 00:23:14,846 and reach cash flow break-even. 489 00:23:14,920 --> 00:23:16,285 Yeah, that's what I'm saying. 490 00:23:17,280 --> 00:23:21,763 And then, (SIGHS) we wouldn't have faced that down round. 491 00:23:23,560 --> 00:23:25,005 And... 492 00:23:26,640 --> 00:23:28,847 We wouldn't have had to settle for acquisition. 493 00:23:30,480 --> 00:23:31,766 All that money 494 00:23:32,720 --> 00:23:33,767 fucked me. 495 00:23:33,840 --> 00:23:35,888 Wow. I mean, I don't know about... 496 00:23:35,960 --> 00:23:37,610 - Shit! - Maybe. 497 00:23:37,680 --> 00:23:41,730 - Look... Hey... - No, no, no. We could've done a legit Series B. 498 00:23:41,800 --> 00:23:43,450 Right? I'd still be CEO. 499 00:23:43,520 --> 00:23:46,000 I'd have my job, 500 00:23:46,080 --> 00:23:47,445 my kick-ass house. 501 00:23:47,520 --> 00:23:49,648 I'd probably still have my girlfriend... 502 00:23:52,040 --> 00:23:54,566 - Fuck! - Okay. 503 00:23:54,640 --> 00:23:57,689 Why the fuck didn't anyone tell me I could take less? 504 00:23:57,840 --> 00:23:59,842 I don't know. I don't know. 505 00:24:01,000 --> 00:24:02,126 Ideas come up and then... 506 00:24:02,200 --> 00:24:03,611 Fuck! 507 00:24:03,680 --> 00:24:06,206 I'll take a cab, so I'll leave you to it. 508 00:24:06,280 --> 00:24:07,520 Thanks for meeting me here. 509 00:24:08,160 --> 00:24:09,161 Fuck! 510 00:24:16,520 --> 00:24:17,806 Richard. 511 00:24:18,880 --> 00:24:21,724 Richard, I'm Laurie Bream. I was inside your home yesterday. 512 00:24:21,800 --> 00:24:23,723 Have you made a decision regarding our proposal? 513 00:24:23,800 --> 00:24:29,045 Yeah, yeah, we'll go with you guys, but we need to renegotiate the terms. 514 00:24:29,120 --> 00:24:32,169 I'm afraid that's untenable. We're offering as much money as we can. 515 00:24:32,280 --> 00:24:35,443 Uh, no, no, we wanna go lower. We want less... A lot less, actually. 516 00:24:36,400 --> 00:24:37,367 We'll go with Raviga 517 00:24:37,440 --> 00:24:41,286 if you guys do $10 million at a $50 million valuation, 518 00:24:41,360 --> 00:24:42,771 not 20 at 100. 519 00:24:43,320 --> 00:24:44,845 I think this is more reasonable, 520 00:24:44,960 --> 00:24:48,681 and it's my final offer. Take it or leave it. 521 00:24:48,760 --> 00:24:50,000 I was not anticipating this, 522 00:24:50,080 --> 00:24:52,924 but I think it will be workable from our end. 523 00:24:54,760 --> 00:24:57,843 And one more thing, Monica votes for Raviga's board seat. 524 00:24:59,280 --> 00:25:01,521 Certainly that seems unimportant. 525 00:25:02,160 --> 00:25:05,448 I will telephone your lawyer tomorrow, and we can speak about the relevant details. 526 00:25:05,520 --> 00:25:06,726 Good. 527 00:25:08,680 --> 00:25:10,444 (BLUES MUSIC PLAYING) 528 00:25:15,280 --> 00:25:19,046 Peter was one of the few who genuinely took action 529 00:25:19,160 --> 00:25:22,209 to use technology to help humanity thrive. 530 00:25:22,280 --> 00:25:24,203 But how exactly can we quantify 531 00:25:24,280 --> 00:25:26,760 another human's contributions to mankind? 532 00:25:28,280 --> 00:25:30,726 Let's break it down into its three component elements. 533 00:25:31,240 --> 00:25:32,241 (CLICKING) 534 00:25:36,040 --> 00:25:40,762 I met Peter when he was thinking about investing in my company, Zettasphere, 535 00:25:40,840 --> 00:25:42,444 although I think he was hesitant 536 00:25:42,560 --> 00:25:45,530 after his disappointing initial return from Snapchat. 537 00:25:45,600 --> 00:25:50,003 He came on board, anyway, and every month we would meet. 538 00:25:50,240 --> 00:25:51,969 Peter was always an honest man, 539 00:25:52,200 --> 00:25:54,726 and I know that if Peter were here with us today, 540 00:25:54,800 --> 00:25:57,121 he would say that he was not disappointed in Snapchat. 541 00:25:57,640 --> 00:26:01,201 And he would forgive you, Lev, for your misunderstanding. 542 00:26:01,280 --> 00:26:03,521 That's just the kind of guy that Peter was, 543 00:26:03,600 --> 00:26:06,080 warm, generous, 544 00:26:06,160 --> 00:26:09,050 and not disappointed in Snapchat. 545 00:26:13,960 --> 00:26:14,961 (CLEARS THROAT) 546 00:26:15,760 --> 00:26:19,162 I'll never forget the first time I met Peter. 547 00:26:19,240 --> 00:26:22,483 It was in his mom's garage, where we started our first business together 548 00:26:22,600 --> 00:26:25,604 manufacturing VGA graphics cards for IBM clones. 549 00:26:26,880 --> 00:26:28,006 We never looked back. 550 00:26:28,080 --> 00:26:29,809 And you know, the last time I saw him, 551 00:26:29,880 --> 00:26:33,168 it was at a restaurant, not a half-mile away from that same garage. 552 00:26:33,240 --> 00:26:34,810 We talked, as old friends do, 553 00:26:34,880 --> 00:26:37,531 he asked me about Jackson Hole, 554 00:26:37,600 --> 00:26:40,683 I asked him about Pilates. 555 00:26:41,200 --> 00:26:43,851 And yet, something was wrong. 556 00:26:44,840 --> 00:26:48,845 Underneath it all, there was an unmistakable tension. 557 00:26:49,520 --> 00:26:51,522 A tension I will forever regret. 558 00:26:52,040 --> 00:26:54,486 It's no secret Peter and I had our differences. 559 00:26:55,280 --> 00:26:57,282 We let business get between us. 560 00:26:57,360 --> 00:26:59,089 NOW? 561 00:26:59,160 --> 00:27:01,447 Now I wish I could say I'm sorry for that. 562 00:27:01,520 --> 00:27:03,727 Now it's too late. He's gone. 563 00:27:04,480 --> 00:27:08,087 And it makes me realize the importance of forgiveness, 564 00:27:08,160 --> 00:27:11,687 of doing things with love and compassion in your heart, 565 00:27:11,760 --> 00:27:13,888 and not vengeance and competition. 566 00:27:15,160 --> 00:27:18,323 I mean, we owe that to each other, don't we? 567 00:27:18,400 --> 00:27:19,447 And to him? 568 00:27:20,280 --> 00:27:23,489 After all, this valley is the place Peter himself helped build. 569 00:27:23,920 --> 00:27:26,844 Where we come together as dreamers, 570 00:27:26,920 --> 00:27:28,251 all of us, 571 00:27:28,320 --> 00:27:31,051 to truly make the world a better place. 572 00:27:32,360 --> 00:27:35,330 This is Florence during the Renaissance. 573 00:27:35,400 --> 00:27:37,004 This is Camelot. 574 00:27:37,520 --> 00:27:41,730 This is the place Peter himself called "the cradle of innovation." 575 00:27:44,680 --> 00:27:45,681 (SIGHS) 576 00:27:45,760 --> 00:27:47,410 I will miss my friend. 577 00:27:50,200 --> 00:27:51,850 Bye, Pete. 578 00:27:55,000 --> 00:27:56,968 Maybe he is a human, after all. 579 00:27:57,960 --> 00:27:59,371 (CELL PHONE CHIMES) 580 00:28:00,760 --> 00:28:02,285 I'm sorry. 581 00:28:02,640 --> 00:28:04,165 It's from Ron LaFlamme. 582 00:28:05,560 --> 00:28:07,324 "Gavin Belson is suing you. 583 00:28:07,400 --> 00:28:09,767 "Filed claims today that you stole Pied Piper from Hooli." 584 00:28:10,560 --> 00:28:11,800 Shit. 585 00:28:19,280 --> 00:28:21,248 Gavin Belson is suing us.