I should have tried it out. I should have taken a bus eight hours from here to l. A. I did not get on the bus, gus, but i hear theyre very nice. Paulina wants me and you and everyone else to give the bus a try. She created an Online Travel booking Service Called wanderu. Think of as expedia for the greyhound set. You book tickets for buses and trains. Joined by tom from gigaome. You took the bus from boston to austin. I did, yes. Stopping all along the way. Yeah. So we turned it actually into a sixday road trip which is what a lot of people in our generation do. Yeah. Because were less likely to own cars. So we didnt just do a bus all the way through. We did multiple different buses. Stopped in nashville, in alabama, and two nights in new orleans, so it was actually a lot of fun, stayed at hotels, took buses there. And tom and i want to clarify when you say our generation, you mean you and michal. Tom and i, our generation, the bus is not something that you take. If you look historically and when i was a little kid we used to take the bus to grandmothers house and it was soldiers and nuns and not very nice people. There was a time there and i thought we were still in it in which the bus was just not something that regular people took because airlines are so cheap. Well, so that idea is what many people think, but i grew up with buses in that generation. I say regular people as if thats but its a certain the Public Transportation is making a comeback in general. I mean, its not just buses. When it comes to buses youre not just talking about what you did this huge long road trip. Its intercity buses. Exactly. So whats interesting is a decade ago its what you thought. Buses were actually a dying industry, and each year there would be less and less ridership and the type of people who would travel by bus would be people who couldnt afford other forms of transportation or people that were older and had time on their hands to kind of travel the country. But about seven years ago new types of bus services came into the marketplace, and Companies Like mega bus launched with double decker buses and offered plugs and wifi and what do plugs and wifi attract in they attract the people that grew up on the internet, staying connected, connected with people all over the world that theyve never met, and so theres a huge Value Proposition for this young generation to get on a bus and stay connected for their trip. At the same time that generation is less likely to own cars. Theyre more willing to take Public Transportation. Theres a generational gap, right . So the generation before this, right, having a car was a sense of accomplishment, the type of car you drive, just having a car. For, you know, the millennial demographic, its the coolest new electronics that you have and its the reason why lift and ubrex are is successful is because people dont want to drive. This gives you an audience. To be clear you run a travel site, not the bus company itself, but it gives you the audience to buy these bus tickets. What stops the bus company from just selling the tickets themselves . Im sure they do already. But just from cutting you out of the deal already . Before we came in, Bus Companies were selling the tickets themselves, but if you look at kind of bus travel versus air travel, right, so theres a handful of airlines that serve domestic markets in the u. S. There are hundreds of Bus Companies. The ability to quickly and easily plan your trip. We do routing. Were able to reach destinations you cant reach with just one company. Why wouldnt you factor in like include also trains and Everything Else oh, we do. You can take a subway and a bus and everything. Were a point to point travel. You can type in point of interest city. We find the closest bus station to you which is really important for people that, you know, might live outside of a major city and dont know what the closest station is or travelers that are trying to get to going Cross Country and dont know where to stop. So we find you can type in any address, city, point of interest. We find the closest bus station to you. We integrate transit to get you to and from the station and we also route providers together if you need to take more than one bus. The other thing is major markets, for instance, if you look at d. C. To new york, one of the most popular travel points, you have ten different reputable brands. Im not talking about the shady carriers that get shut down. Reputable brands that serve that route. As a millennial, i want instant gratification. I want to be able to book a trip at the click of a button. I dont want to have to go to ten different websites to see what time the bus is leaving. The other thing thats interesting about bus travel is tickets are booked last minute. 80 of all tickets are booked within three days of travel and it gets if you look at a heat map, the last three hours before that bus departs is when most people book. So were talking people i just got an email someone needed help because theyre trying to find a bus to get to their wedding tomorrow. A bus . You would think they would plan for ahead. Are there private buss . These are private bus services. Companies like mega bus, greyhound people still take greyhound . Whats interesting is when this transformation started happening, greyhound transformed itself. It had been in bankruptcy. At one point. And has since been able to turn the corner, right . Its funny you mention that. So on our board of directors was the former ceo of greyhound who is absolutely amazing and knows everything about the bus industry. He helped get greyhound out of bankruptcy when it was there. He led the turnaround and hes since left there and greyhound is doing a lot of innovation. They have gotten a fleet of new buses with plugs and wifi. What else can you do really . You can get them there quickly because of security. By the time you go from San Francisco to l. A. Through the airports, you can get there by bus almost just as fast. Tom, i have to shut you down because we have to get somebody on a bus, theyre going to their wedding. Also we have some other guests we need to get to, but paulina i have been practicing this. Yes. Fantastic. Of wanderu, an interesting subject. We never had anybody talk quite the same way. I appreciate you being here. Up next, the future of dsl from the guy who invented it when press here continues. Welcome back to press here. A Company Called century link Just Announced a one gigabit per second home internet. Thats ten times faster than the best selling Internet Service comcast can offer. Comcast owns this tv station. Its 25 times faster than anything you can get on a phone line, specifically dsl. Dsl was the first relatively inexpensive way of getting broadband internet. The 1i6rsimple copper wire that carries your home line brought in the data and its beginning to show its age. John cioffi is not showing his age, despite the fact he was dsls father. He was inducted into the internet hall of fame. Hes the resip yept of the Alexander Bell medal hes a marconi fellow as well. He teaches at standford and is familiar to a lot of young engineers. As someone who helped create dsl, is there a future for phone line internet . Were talking about these such simple copper wires going into peoples homes. Is there a future in dsl . Well, there is a future. Its been going for about 20 years. There are 500 million paying customers for dsl globally and about 1. 3 billion phone lines, and they have tremendous bandwidth and as fiber is used a little bit more incrementally, the phone lines get shorter, and youd be surprised, you can get gig ga bits per second of information on the newer dsls that are starting to come out and be used. Whether its century link or other providers, that combination of copper, fiber, and wifi will allow us to have gigabytes without running a fiber to everyones wristwatch. Which is the Better Technology . You read about how there are so many people who are still unconnected. Which is the best technology for doing that or is it all mobile . Is it all mobile broadband . If youre looking at rural, typically its wireless systems that are best to connect the underprivileged if you will and you see a lot of that globally. Even in urban and suburban areas the cost of digging. Sidewalks and roads to lay new fiber or copper or whatever is prohibitive, right . The wireless solution seems like a really attractive option even in those areas. Right. My company, assia, were the experts really worldwide. We manage about 80 million interconnections around the world, and that is the theme, doing it costeffectively. If you use the existing copper wherever its present, use fiber prudently, and whatever wireless spectrum is available, you can come up with combinations, thats what our software and what our services do, that give a much better, more economical use than trying to run fiber to close to everyone and the closer you get the nmore expensive it gets to the last segment and you cant run it to everyones body or wristwatch. You teach at stanford and i was reading some of the classes and not understanding much beyond the title, but are you finding kids at stanford or schools or that you could hire at your company that are very interested in this particular part of technology . It seems to me that some of the easy money has come in these in apps and the ubers and theyre interesting sexy companies, but it was the silicon part of Silicon Valley that really made us who we are. Well, i havent taught in six year. Im emeritus so i have been with the company, but, yes, i am getting a lot of input from companies who want to hire the types of students i used to produce at stanford, so i may have to go back. You taught a whole generation at stanford. Thats why im asking. A couple thousand students went through my classes over the years in the graduate program at stanford, but there is a need for these types of technology. Theres a need. Are they there . Theres not as many available, and we could do better to generate them because theres a need thats not being met by the various industries who do want to hire these types of people. But huge use of internet and getting higher quality, eliminating the sticky problems you see with video or the audio doesnt sound right or the file takes too long to download. Thats why i started the company. Wed hire everyone we could get with that knowledge to help us. So driving interest in it is important. What wed like to do also is get the consumer more involved. We have sold these products to phone companies to help them use their systems better. But the consumer ultimately has the power and they need to get what theyre paying for. We have an app called cloud check. You can go to cloudcheck. Net and get it for free and it starts to analyze your connection. Is it netflix at fault, verizon, your wifi system . You bring up an interesting system. The Netflix Streaming problem weve been talking about for a long time. Thats been a huge point of contention between netflix and verizon. Are you slowing down my video . Are you slowing down my video . It goes back and forth. How can you really say definitively which company is at fault for a consumer . Neither one of them can say it but with the technologies we have, the expertise we have, we can do that, and we can do it in a neutral and impartial way and it starts with the consumer and, of course, what are they connecting to. Types of speed tests that you want to take have to be to the application servers. So a lot of the services that measure speed on the internet today are pretty much useless in terms of the reading you get. Cloud check fixes that problem and once youre bought into this, you have this free app, and we start diagnosing, and that gives us opportunities to start to optimize. Who is at fault . It depends on the customer. Neither one actually knows. Each situation is different, and so you cant make a blanket statement. You have to actually analyze it and it will vary with time for each connection. Do you think you can actually get the consumer interested in getting involved in this way and checking on their own and id like them to get involved. Theres a thumbs down, thumbs up indication. Just a simple thing like that, are you happy or are you not and we try to help them. And thats how theyre going to get better connectivity. Calling the help center and so forth often leads to a frustration if you study this area. Comcast. Or whomever. Im sorry. Any of the service providers, call centers unnecessarily often have a Bad Reputation so getting the consumer to take control, get what youre paying for. Its not that hard and our cloud check is one of the things that can kind of help you very easily take some first steps and then we can help you beyond that to try to get better service. John, with the Net Neutrality argument, could we engineer our way out of that. Could you, the engineers make things so fast that the discussion of a fast lane, a slow lane, slowing things down, et cetera, would become irrelevant . I ask that because there was a time in which you went to buy a computer and you said im going to spend the extra 100 bucks on a faster computer. Nobody cares about that anymore. Computers run so fast it almost doesnt matter in a home use anyway. Im sure there are corporate uses where it matters. Could you engineer something where the internet is moving so quickly we no longer care . You are seeing increasing use of software in the Network Software definition of networks is a hot topic. And to the extent that doesnt become dominated by any one Group Whether its the service providers, the at ts, comcasts, and verizons or the googles and facebooks we could trust all those companies, im sure. To some degree thats why were in the middle of neutral with our cloud check app to try to look at it, but it is possible with that Software Definition to get good quality to everyone so that when theyre watching a video or when theyre doing Something Else or using the internet, that that quality is consistently there and they get what they pay for. John cioffi we appreciate you developing dsl and we appreciate you being here this morning. Thank you very much. Coming up next on press here, a man with 1 billion to spend on security. Definition to get good quality coming up next on welcome back to press here. When target lost 40 million credit card numbers to hackers, we called it a bebackcle. Bloomberg business said it was epic and sony, no kidding, optioned the movie rights. It was big, 40 million. Were not even sure what to make of the latest news that Russian Hackers have stole an billion user name and passwords. A billion records. As it happens, matthew howard, a partner at Norwest Venture Partners is looking to spend a billion dollars on security startups. He serves on nine boards of directors in various Silicon Valley companies. I say a billion dollars. I believe its actually 1. 2 billion, isnt it . Correct. Okay. So i have rounded down. 200 million. We hope to create a lot of jobs. And its a lot of money. What are you most interested in . Obviously security is a huge topic, but its a broad topic. What will you want to spend your money on . First of all, its not surprising whats happening right now. Were under a relentless attack, and i dont see anything stopping it. These cyber criminals in many cases have skills well beyond some of the customers out there and entities, so were very interested in mobile security. We are very much a borderless community. Were in software as a service security, and as well as cloud security, and particularly were trying to find the needle in the haystack right now. We funded a company trying to find the needle in the haystack. You sit on that board as well. Yes. What do they do that you said we need to give this company some money . If you look at our companies, were trying to focus on how do we enable people in this kind of new world to do cloud computing, mobile, and in particular right now there are so many alarms going off right now in the enterprise that people have information overload. Thats where exit beam comes into play. How much of your Portfolio Companies are working on defending companies against cyber criminals like you say and how many of them are working on things that for products for people who are worried about spying or Government Security kind of types of situations . I think right now it took a generation to convince everybody to wear seat belts, and i think right now its going to take a generation to educate the consumer and the enterprise right now to have more awareness of best practices. Your cell phone has a password on it. How many people use password protection. Biometri biometrics. A lot more awareness right now. One of the companies we have tries to help with creating more awareness in the enterprise. Do you think that target is really going to bring about this kind of sea change . This is an example where you have ceo change after the debacle and i dont know if weve seen that before. So do you think its going to go a long way cyber crime pays. I have seen as high as 1 trillion Economic Impact to cyber crime. I know it sounds horny but pink floud, grab the cash with both hands and make a stash. These guys are making a lot of money. Titanic added more lifeboats to the cruise boat industry. Is target sort where everybody says lets just not be titanic . I think people like target and other institutions dont get enough credit. You know, Computer Security spending last year was 66 billion. Its grown four times faster than overall i. T. Spending. So these companies are really trying really hard, but these cyber criminals, these are computer scientists. This is no longer your social misfit. We had the stereotype of what hackers used to be, very professional. They have Computer Science backgrounds. Its relentless right now. Can you find the startup that gets us past the user Name Password thing. You have my user nam