Invest in the next generation. Joining me today on bloomberg studio 1. 0, sinovation ventures ceo kaifu lee. You came to the u. S. In 1973. You were 12 years old and moved to tennessee. Tell me about what must have been Culture Shock in that moment. Kaifu i did not speak a word of english, but the people were extremely friendly, that southern hospitality. I made a lot of friends. In class i was totally lost. They were teaching in front and i was reading my chinese books. Emily somehow you caught up because you went to columbia, phd at carnegie mellon. You were working on speech recognition, of all things, which now four decades later is the forefront of new technology. Kaifu also Artificial Intelligence, machine learning. It was an exciting age when there is so much unknown and so much naive optimism, but it is gratifying to see finally all of that coming to the real world. Emily you joined apple in 1990. How closely did you work with steve jobs . Kaifu i always say i was there between
So, tpg is an investor in uber, airbnb, vice, spotify. What do all these companies have in common and what does it tell us about your strategy . Jim i think they all have in common that they are driving disruptions in their industries. In some ways, if you look at the history of tpg, while we are often called a private equity firm, from the very beginning when we started with continental airlines, people began thinking the were airline investors, but that was a moment in time. We have not done much airline investing in 10 years, but since that founding 25 years ago, we have constantly specialized in finding where the economy is changing and how we can expose capital to it. Emily you and David Bonderman cofounded tpg in 1993. You were both working for a texas billionaire. What was it in those early days that set the stage for what tpg became . Jim we came to the industry from a different place. First of all, it is a bit aggressive to call it an industry in 1990. In fact, it was a backwa
Been Culture Shock in that moment. Kaifu i did not speak a word of english, but the people were extremely friendly, that southern hospitality. I made a lot of friends. In class i was totally lost. They were teaching in front and i was reading my chinese books. Emily somehow you caught up because you went to columbia, phd at carnegie mellon. You were working on speech recognition, of all things, which now four decades later is the forefront of new technology. Kaifu also Artificial Intelligence, machine learning. It was an exciting age when there is so much unknown and so much naive optimism, but it is gratifying to see finally all of that coming to the real world. Emily you joined apple in 1990. How closely did you work with steve jobs . Kaifu i always say i was there between jobs. My tenure at apple, i joined as he left, and after i left, he came back. We did have some intersection. He did call me to see if i would go back to apple, but at that time it just looked too scary. Everyone w
Studio 1. 0, tpg coceo jim coulter. So, tpg is an investor in uber, airbnb, vice, spotify. What do all these companies have in common and what does it tell us about your strategy . Jim i think they all have in common the fact that theyre driving disruptions in their industries. In some ways, if you look at the history of tpg, while we are often called a private equity firm, from the very beginning when we started with continental airlines, people began thinking we were airline investors, but really, that was a moment in time. We have not done much airline investing in 10 years, but since that founding 25 years ago, we have constantly specialized in finding where the economy is changing and how we can expose capital to it. Emily you and David Bonderman cofounded tpg in 1992. You were both working for the texas billionaire. What was it in those early days that set the stage for what tpg became . Jim we came to the industry from a different place. First of all, its a bit aggressive to cal
You were 12 years old. You moved to tennessee. Tell me about what must have been Culture Shock in that moment. Kaifu i did not speak a word of english, but the people were extremely friendly, that southern hospitality. I immediately made a lot of friends. In class i was totally lost. They were teaching in front and i was reading my chinese books. Emily somehow you caught up because you went to columbia, got your phd at carnegie mellon. You were working on speech recognition, of all things, which now four decades later is the forefront of new technology. Kaifu also Artificial Intelligence, machine learning. It was an exciting age when there is so much unknown and so much naive optimism, but it is gratifying to see finally all of that coming to the real world. Emily you joined apple in 1990. How closely did you work with steve jobs . Kaifu i always say i was there between jobs. My tenure at apple, i joined as he left, and after i left, he came back. We did have some intersection. He did