Silicon Valley (2014–…): Season 2, Episode 1 - Sand Hill Shuffle - full transcript
Monica deals with her new boss; Richard makes a decision about the company's future.
(PEOPLE CHATTERING)
(DRAMATIC MUSIC PLAYING)
Ooh, fuck. Yeah, it doesn't matter.
Whoa. You okay there, Richard?
Uh... Yeah, I'm fine.
Sorry, I can't really throw it any slower.
Give it another cut, Richard.
No, I'm fine. I don't want to.
Maybe someone else wants to. Who's next?
If someone has to go, I'll go,
but it seems very frightening.
You sure? You got us for the whole hour.
- Anyone?
- Would it hurl your feelings if no one went?
MAN: (ON P.A.) Ladies and gentlemen,
welcome to the annual
Stem Taylor Fall Classic.
Yd like to star! by making a toast
to our very special guest tonight,
Richard Hendricks.
- (APPLAUSE)
Richard, after your perfect game
at Tech Crunch Disrupt a few weeks ago,
we fell in love with you and your tech.
Look, we {mow everyone
in the Valley is after you,
and we know ma! you're probably
going to go with Peter Gregory,
but we'd love to have you
come play on our team.
Let Stern Taylor Capital Fund in
on your Series A financing,
because together, Richard,
we'd be
a home run!
-(ORGAN PLAYS CHARGE)
-(APPLAUSE)
- Oh, right.
- What do you say, Richard?
I'll do what I can.
All right. Have fun, everybody.
(INDISTINCT CONVERSATIONS)
I don't know, man.
It's starting to feel weird
letting all these firms suck up to us,
even though we're not gonna
take their money.
Richard, Peter Gregory hasn't officially
given us the term sheet yet.
Yes, but he will tomorrow when he gets back.
If you can't enjoy this many people
kissing our ass at this level,
then I feel sorry for you.
Would you just relax
and take it in for a second?
I mean, we are getting our dicks sucked
at the AT&T Park.
We're standing on the field of
the World Series champions.
It's totally lost on me.
Yeah, I don't give a shit, either.
Hey! I'm Nicole Stein.
I lead the Growth Team at Stem Taylor.
- Oh. I'm Dinesh.
- I'm Gilfoyle.
I love it. So what do you two do at Pied Piper'?
I'm the CTO.
Ah, he's joking. I'm the CTO.
Fuck you, I'm joking.
Okay, how could you be
the Chief Technology Officer?
I get it. You hear the word "chief,"
and you think "Indian Chief."
But you're the other kind of Indian.
Okay. One, fuck you. I'm Pakistani.
And two, how could you be CTO of anything?
You have to be able to organize,
you have to be able to delegate,
you have to be...
I delegate you to go get me a fucking beer
while I talk to Nicole.
George Silver,
operating partner at Stern Taylor.
So, what do you do at Pied Piper'?
He's the CTO.
(JAZZ MUSIC PLAYING)
ERLICH: That's Drew Houston.
We've been circling each other
for the last 20 minutes.
Ooh!
The Winklevoss twins.
Look at them. They're like
two genetically enhanced Ken dolls.
Do you know
how much Bitcoin they're worth?
Oh, shit, they're splitting up.
Cameron's the left dominant one, right?
- I can't tell them apart.
- I'm gonna come at him from the right side,
try and herd them back together
without spooking them.
Watch this.
Cameron! Cameron!
- Okay.
- JAVEED: Well, well, well,
look who's the big swinging dick.
Hey, Javeed, everything okay at Goolybib?
You gotta ask them. They canned me.
- What?
- Yeah.
Our investors got spooked
by a possible down round,
so they shoved
an acquisition down my throat.
Yeah, an acquisition of $200 million, right?
Yeah, they all made out.
I had a reverse vest with no triggers,
then I lost all my shares when they fired me.
I blew my whole signing bonus
renting that house.
I'm looking into suing 'em.
Jeez.
Look, all I can say is,
don't get fucked, all right?
You take money from the wrong dudes,
and you'll get smoked as bad as I did.
Just be careful.
Everyone is watching you now.
Yeah. Totally. I know. Thanks, Javeed.
No. I mean, they're watching you right now.
(ORGAN PLAYS CHARGE)
- Yeah.
-(APPLAUSE)
Damn it. Where is that camera?
(THEME MUSIC PLAYING)
DINESH: I can't believe
how many gifts we're getting.
GILFOYLE: Gifts I'm getting.
That Oculus rig is addressed to the CTO.
DINESHZ No, I'm the CTO.
As your superior,
I order you to give me that Oculus.
You can't make me do stuff.
You're not the boss of me.
- Actually, I am the boss of you.
- Okay.
GILFOYLE: Richard, tell him I'm CTO.
DINESH: No, you already told that fat guy
that I'm the CTO.
Stop, stop, stop. Please stop.
I have a ton of work to do.
You have work to do.
Maybe lets do the work instead of that.
Jared, we were supposed
to get a term sheet today.
- Have we heard from Peter Gregory?
-(KEYBOARD CLICKING)
Peter Gregory is dead.
What?
(KEYBOARD CLICKING)
Holy shit.
MONICA: He was the smartest,
shrewdest, (SCOFFS)
strangest man I've ever known.
I can't believe that he's gone.
(CLEARS THROAT) Can I ask what happened?
Yeah. Um...
He was in the Serengeti on safari...
- Ah.
-...and he had just gone into his tent
when a hippo wandered into the camp.
Oh, wow.
He was attacked by a hippo?
No. No.
I guess the hippo started to charge
when the guide grabbed his rifle
and shot at it,
but his aim was off, and...
And he shot Peter Gregory by accident?
- Yeah.
- No, he missed...
But I guess the sound of the gun
startled Peter,
who ran out of his tent and...
Ran right into the hippo?
No, the hippo was also startled by the noise
and had run off prior to Peter exiting his tent.
So, what happened to Peter'?
He hadn't run in a long time,
maybe ever, and you know, he just...
That was it.
M.
m.
- That is so very strange.
-(CLEARS THROAT)
- Very sad and tragic. Wow.
- Very sad and strange.
See you.
Man, that is so weird.
I mean, one minute Peter Gregory is here,
the next, he's just gone.
ERLICH: Jared, it's Erlich.
I need you to set up
all the other VC meetings, ASAP.
Line 'em up nuts to butts.
Erlich' what are you doing?
Monica just said they're still gonna fund us.
We should just sit tight.
Look, I loved Peter Gregory
maybe even more than he loved me,
but there's something
you need to know here,
something that Monica
isn't exactly volunteering up,
and that's that all of these one-man firms
have a key-man clause.
- Do you know what that means?
- No.
It means that now that Peter Gregory is gone,
all the Raviga investors
have the contractual right
to cash out and walk away,
which means that by the end of the day,
there may not be a Raviga.
Seriously'?
- Yes, so we have to prepare for that.
Now, I know that it makes me
sound like a terrible person,
but we have a company to run.
And do you know who
the first person to agree with me would be?
Peter Gregory.
(DRAMATIC MUSIC PLAYING)
And that is the very first spot
in our new campaign
heralding the upcoming release of Nucleus
this January at CES.
- Any questions?
- I have a question.
That was horrible.
I just got humiliated
by a fucking teenager at TechCrunch Disrupt,
and you give me this tampon ad?
A girl with diabetes on a swing?
- I think she has cancer.
- MAN: Yeah.
At least that's how I read it.
I don't care what kind of disease she had!
All I care about is that
Nucleus is better than Pied Piper.
Hendricks just left us all in the dust.
If we get this wrong,
we could blow
the business opportunity of a lifetime!
Data creation is exploding.
With all the selfies and useless files
people refuse to delete on the cloud,
92% of the world's data
was created in the last two years alone.
At the current rate,
the world's data storage capacity
will be overtaken by next spring.
It will be nothing short of a catastrophe.
Data shortages, data rationing,
data black markets.
Someone: compression
will save the world from data-geddon,
and it sure as hell better be Nucleus
and not goddamn Pied Piper!
I don't know about you people,
but I don't wanna live in a world
where someone else makes the world
a better place better than we do.
"Data-geddon." Is he married to that, or...
There's just been a lot of "geddons" lately.
That's true.
"Snow-mageddon," "car-mageddon."
There's that movie Armageddon.
Laurie, you wanted to see me?
Monica, come in' come in.
I'm sure you've heard by now
that I've been named
our new managing partner.
MONICA: Yes. Congratulations.
Did the limited partners tell you
how they made their decision?
Oh. They looked at the portfolio performances
of each of the senior partners
over the last several funds,
and my numbers were,
objectively, the most favorable.
Therefore, I was selected.
Yeah, it's just managing partner
is all about meeting with people
and interacting with people.
You can sit down if you want to.
Do you want to?
- Oh...
- Or should we stand?
Uh... I... Whatever...
- I'm standing...
- Okay.
But you don't have to.
- Okay.
- Would it make you feel awkward to sit?
I'm okay to stand.
- Monica...
- Of course.
Peter Gregory is dead.
Yes, I know.
On a personal note, his death is very sad.
But on a professional level, it's untenable.
I've been reviewing his files.
He was pursuing a number
of extremely dubious positions.
Are you aware that we own
a $30 million ostrich farm in Morocco,
or that we are the majority stakeholders
in three companies that
specialize in invisibility?
This box is filled with napkins covered
with notes detailing Peter's conviction
that genetically-modified cranberry fungus
would become the next cotton.
- That... That one I remember.
- Yes.
- Monica.
- Mmm-hmm.
Peter Gregory is dead.
- Yes.
- We need to seem competitive,
now more than ever,
to our investors as well
as to the industry at large.
Well, I mean,
Pied Piper is probably the hottest
early investment in town right now,
and we have them.
Do we?
But why then are they speaking to other firms
about investing in their Series A?
No, no.
I just told them to sit tight for a day or two
until we sorted things out.
It seems that that advanced
a sense of uncertainty,
and now we're at risk of losing their round.
This could jeopardize the firm
and, by extension, your career here, Monica,
as an associate partner.
Well, I guess I was just kind of in shock.
Monica...
(SIGHS)
Peter Gregory is dead.
Yes. I know.
ERLICH: This is great.
I mean, do you know how many times
I've gone into these rooms
with nothing but a half of an ass in my hand?
We're walking in there with 15-foot cocks
covered in Elvis dust.
(PHONE RINGING)
- Really?
- Richard Hendricks? They're ready for you.
- This is a fucking layup, guys.
- RICHARD: Okay, let's do this.
ERLICH: Not you, Jared.
Now, with proper funding,
we should be able to put together
a functioning beta in time for CES
and compress Nucleus out of the marketplace.
(BOTH CHUCKLE)
Yeah.
I don't know.
You don't... What?
It just doesn't seem worked out to me.
Well, I mean, it was worked out enough
to win TechCrunch Disrupt.
Yes, and congratulations, you won 50 grand,
but you're asking us for 200 times that.
Richard, look, we all know
about your amazing compression rate,
but let's not be naive here.
You can't expect to just
throw money at an algorithm
and beat one of the largest
tech companies in the world.
So why don't you rework this a little
and come back in with a little more?
Maybe next week?
And?
That was really weird.
I guess we don't have
as much Elvis dust on us as I thought.
You see?
This is why I wanted to go with Peter Gregory.
This is bullshit.
I mean, that guy throws this huge party for us
and then acts like he doesn't even want us?
I mean, I fucking hate parties.
And then he says, "Come back next week
when you have more.“
More? More than 5.2 on Weissman? (SCOFFS)
No. No.
Fuck that guy. Fuck this place.
Fuck this whole place.
- Watch me fuck this place.
- No, wait! Wait, wait!
Hey. You remember when you told me
to come back when I had more?
And then I said I would?
Well, I'm not going to. Ever.
This doesn't count. Okay.
I'm covered in dust. I'm a S-foot dick,
and I've got half an ass
to go to some other company
who's never gonna put me on a Jumbotron
or throw balls at me.
Bye.
Are you feeling unwell?
Do you need protein?
I don't know what happened.
Between Peter dying
and Raviga maybe being gone, I just...
I just wanna get funded and build Pied Piper.
I hate this part.
- ERLICH: Well, if one thing is for sure...
-(CELL PHONE CHIMES)
...if we're gonna get any traction,
I need to step up my game.
It's an email from Ron LaFlamme.
"Just got a term sheet from Stern Taylor.
"They offered $5 million
at $25 million post-money valuation.
"More than I thought."
Shit. They were negging us.
- Negging?
- Negging is going negative.
It's a manipulative sex strategy
used by lonely chauvinists.
ERLICH: See, everybody wants us.
But, by shitting all over us,
they try and bring our price down.
But you shitting all over them
counteracted their shitting all over us.
You negged a neg.
Richard, this could be good.
- Where do we have next?
- Ross Loma Capital.
Should I keep doing it?
Should I keep negging?
No, no, I'll handle this.
If they want to negotiate
using hostility and rudeness,
well, they picked the wrong guy.
Well, you see, our main concern
is how you're going to achieve
escape velocity on your growth rate.
-(CHUCKLING)
-if critical mass...
I'm sorry. What's funny?
It's just that painting behind you.
It's awful.
It looks like harlequin Kama-sutra
done poorly.
So, I agree,
bad culture fit.
I think we all just move on.
Look, I didn't say anything about a culture fit.
No, I did.
Okay. Well,
thank you for meeting with us.
We have a bunch of these things to go to,
hopefully with more tasteful artwork.
And your logo looks like a sideways vagina.
I find that to be racist, don't you?
Okay, here's my concern...
Here's my concern.
Who the hell picked out that shirt for you?
What?
Oh, I see. With the pants.
So I guess it's a whole thing.
My wife picked these out.
Then you married poorly.
Do you care about Pied Piper'?
Do I care about Pied Piper? Well, of course.
Cause if you do, I'm not seeing it.
In fact, what I think I'm seeing
is the human equivalent of a flaccid penis.
"Flak-Sid." It's actually pronounced "flak-sid."
Not a lot of people know that.
Well, we are definitely interested,
but I think we need to...
I'm sorry. ls something wrong?
No, this is all wrong.
I am sensing a general lack of vision.
Your muffins smell like shit.
So do your ideas.
One of you is the least attractive person
I've ever seen,
and I'm not gonna say who.
Should we leave or should you?
We just got offered eight at 40.
We're five for five, gentlemen.
And Galveston Capital Fund
and Yountville Ventures called.
They want to move their meetings up
before everyone else.
Hey, let me try.
I want to be rude at this next one.
Go for it.
So, with some proper funding,
we should be able to get
a functioning beta in time for CES.
And if you don't fund us,
you're a fucking slut.
(SNIFFING) on...
What's that smell? Is that a fart?
Are you a (anew?
Now, can I have a pastry?
Or are you guys gonna eat 'em all?
'Cause you're gonna get fat.
It's not your fault, Richard.
This is just something that can't be taught,
so leave the next one to me.
I can feel a big one coming on.
What are you gonna do?
I'm not sure yet, but give me room.
There's something inside of me
that has to come out,
and who am I to stop it?
(COMPUTER BEEPS)
His balls?
He put his balls on the table?
- Right on the table.
- On purpose?
I don't see how it could be by accident.
Richard, I just got an email
from the guys at Midland-Oak.
Apparently, there is a line, and I crossed it...
The line between $12 and $15 million!
Ba-bam!
Midland-Oak's offer just came in.
Gentlemen, we are valued at 75 million,
fully diluted.
Are you shitting me?
Take a look at these term sheets.
There is a linear correlation
between how intolerable I was...
-(KNOCKING)
-...and the height of valuation.
Hey. you guys. Um...
This is Laurie Bream,
the new managing partner at Raviga.
Oh, uh.-- Hi. I'm Richard Hendricks.
Yes. I recognize you from your photograph.
-It's very nice to meet you in person.
- Yeah.
Okay, so we did that.
Gentlemen, I am aware
of the degree of interest
you are receiving from other firms.
I am aware that participation in your Series A
will require a very competitive offer,
but for numerous reasons,
I believe it to be the prudent decision.
Now I am presenting you with this.
$20 million at $100 million valuation?
I don't... Uh...
This is way more than any other offer.
Correct.
That is very much intentional.
So, I believe that satisfies your requirements?
Monica will arrange a time
to formalize the details.
Thank you. Have a good day.
Uh, thank you.
Yes.
Congratulations, guys. lam so glad...
(ENGINE STARTS)
Oh, shit! She's my ride home.
I'll call you, Richard.
Uh, yeah, okay.
- Thanks for stopping...
- MONICA: Wait! Laurie, hold on!
(LAUGHS)
Guys, I think we're funded.
- Yes! Richie!
- Yeah!
(SIGHS)
ERLICH: So, I push my dick to the side,
unbutton the bottom two buttons and...
Bam!
Ah!
- What are you doing?
- Shit. Sorry, sorry. Sorry.
(STAMMERS)
Meet me on the side of the house.
-L... Okay.
- Okay. Okay. Go.
- Hey.
- Hey, what's up?
If anyone finds out that I came back here,
I will get fired, okay?
Okay.
- Don't take this deal.
What?
You are worth half that at best.
Oh, wow. Thanks for the compliment.
No. The credit to you guys.
You negotiated your asses off,
but this is a classic runaway valuation.
What's wrong with that?
Pied Piper will be tied to this crazy valuation
that you will never be able to live up to.
If you don't keep increasing
in value in the next round,
if you have a down round, you are fucked.
It is the kiss of death for a young CEO.
You want to start with a realistic valuation
and grow at a reasonable pace.
Okay, well, if it's such a shitty deal,
then why did your boss offer it to us?
Because she's competitive as hell.
She needs Pied Piper
to keep Raviga afloat, Richard.
- Okay.
- Look, I respect Laurie,
but this is the exact type of thing
Peter never did.
Richard, come on. I own shares in Pied Piper.
If this high evaluation
was good in the long-term,
would I be standing here, risking my job?
Don't take our offer.
Maybe go with the lowest offer you got.
Even that might be too high.
(SCOFFS) Again,
thank you for the compliment.
Also, I didn't see anything in there.
No. Yeah, thank you.
I was gonna say if you had,
you'd have to show me yours, too.
(CHUCKLES)
- Um...
-(CLEARS THROAT)
- Okay.
- Okay. Thanks for the...
Okay.
Yeah, sorry about that party.
I was in kind of a bad way that night.
And truth is, I'm actually doing okay.
- Good. That's great.
- Yeah.
I mean, I could run the scenarios
about what happened all I want,
(SIGHING) but I finally just realized
there's just nothing I can do, you know?
Yeah.
So, I'm at peace with it all.
I was thinking, actually, um,
what if you had asked for less?
What?
Well, what if you could've gone to someone
and asked for less than
what they offered that first round?
Like, you mean, negotiating them down?
- Yeah.
- Can you even do that?
- Well, yeah. I mean, why not?
- Yeah, but...
I mean, I guess, technically, I could have.
Mmm...
Huh.
Yeah, I suppose you could argue
that it might've been easier
to hit more realistic benchmarks
and reach cash flow break-even.
Yeah, that's what I'm saying.
And then, (SIGHS)
we wouldn't have faced that down round.
And...
We wouldn't have
had to settle for acquisition.
All that money
fucked me.
Wow. I mean, I don't know about...
- S hit!
- Maybe.
- Look... Hey...
- No, no, no. We could've done a legit Series B.
Right? I'd still be CEO.
I'd have my job,
my kick-ass house.
I'd probably still have my girlfriend...
- Fuck!
- Okay.
Why the fuck didn't anyone tell me
I could take less?
I don't know. I don't know.
Ideas come up and then...
Fuck!
I'll take a cab, so I'll leave you to it.
Thanks for meeting me here.
Fuck!
Richard.
Richard, I'm Laurie Bream.
I was inside your home yesterday.
Have you made a decision
regarding our proposal?
Yeah, yeah, we'll go with you guys,
but we need to renegotiate the terms.
I'm afraid that's untenable.
We're offering as much money as we can.
Uh, no, no, we wanna go lower.
We want less... A lot less, actually.
We'll go with Raviga
if you guys do $10 million
at a $50 million valuation,
not 20 at 100.
I think this is more reasonable,
and it's my final offer. Take it or leave it.
I was not anticipating this,
but I think it will be workable from our end.
And one more thing,
Monica votes for Raviga's board seat.
Certainly that seems unimportant.
I will telephone your lawyer tomorrow,
and we can speak about the relevant details.
Good.
(BLUES MUSIC PLAYING)
Peter was one of the few
who genuinely tack action
to use technology to help humanity thrive.
But how exactly can we quantify
another human's contributions to mankind?
Let's break it down into
its three component elements.
(CLICKING)
I met Peter when he was thinking about
investing in my company, Zettasphere,
although I think he was hesitant
after his disappointing
initial return from Snapchat.
He came on board, anyway,
and every month we would meet.
Peter was always an honest man,
and I know mat
if Peter were here with us today,
he would say that
he was not disappointed in Snapchat.
And he would forgive you, Lev,
for your misunderstanding.
That's just the kind of guy that Peter was,
WHITE', generous,
and not disappointed in Snapchat.
(CLEARS THROAT)
I'll never forget the first time I met Peter.
It was in his mom's garage,
where we started our first business together
manufacturing VGA graphics cards
{or {BM clones.
We never looked back.
And you know, the last time I saw him,
it was at a restaurant,
not a half-mile away from that same garage.
We talked, as old friends do,
he asked me about Jackson Hole,
I asked him about Pilates.
And yer, something was wrong.
Underneath it all,
there was an unmistakable tension.
A tension I wit! forever regret.
It's no secret Peter and I had our differences.
We let business get between us.
Now?
Now I wish I could say Fm sorry for that.
Now it's too late. He's gone.
And ii makes me realize
the importance of forgiveness,
of doing things with love
and compassion in your heart,
and not vengeance and competition.
I mean, we owe that to each other, dam we?
And to him?
After all, this valley is the place
Peter himself helped build.
Where we come together as dreamers,
all of us,
to truly make the world a better place.
This is Florence during the Renaissance.
This is Camelot.
This is the place Peter himself called
"the cradle of innovation. "
(SIGHS)
I wit! miss my friend.
Bye, Pete.
Maybe he is a human, after all.
(CELL PHONE CHIMES)
I'm sorry.
It's from Ron LaFlamme.
"Gavin Belson is suing you.
"Filed claims today that
you stole Pied Piper from Hooli."
Shit.
Gavin Belson is suing us.
(DRAMATIC MUSIC PLAYING)
Ooh, fuck. Yeah, it doesn't matter.
Whoa. You okay there, Richard?
Uh... Yeah, I'm fine.
Sorry, I can't really throw it any slower.
Give it another cut, Richard.
No, I'm fine. I don't want to.
Maybe someone else wants to. Who's next?
If someone has to go, I'll go,
but it seems very frightening.
You sure? You got us for the whole hour.
- Anyone?
- Would it hurl your feelings if no one went?
MAN: (ON P.A.) Ladies and gentlemen,
welcome to the annual
Stem Taylor Fall Classic.
Yd like to star! by making a toast
to our very special guest tonight,
Richard Hendricks.
- (APPLAUSE)
Richard, after your perfect game
at Tech Crunch Disrupt a few weeks ago,
we fell in love with you and your tech.
Look, we {mow everyone
in the Valley is after you,
and we know ma! you're probably
going to go with Peter Gregory,
but we'd love to have you
come play on our team.
Let Stern Taylor Capital Fund in
on your Series A financing,
because together, Richard,
we'd be
a home run!
-(ORGAN PLAYS CHARGE)
-(APPLAUSE)
- Oh, right.
- What do you say, Richard?
I'll do what I can.
All right. Have fun, everybody.
(INDISTINCT CONVERSATIONS)
I don't know, man.
It's starting to feel weird
letting all these firms suck up to us,
even though we're not gonna
take their money.
Richard, Peter Gregory hasn't officially
given us the term sheet yet.
Yes, but he will tomorrow when he gets back.
If you can't enjoy this many people
kissing our ass at this level,
then I feel sorry for you.
Would you just relax
and take it in for a second?
I mean, we are getting our dicks sucked
at the AT&T Park.
We're standing on the field of
the World Series champions.
It's totally lost on me.
Yeah, I don't give a shit, either.
Hey! I'm Nicole Stein.
I lead the Growth Team at Stem Taylor.
- Oh. I'm Dinesh.
- I'm Gilfoyle.
I love it. So what do you two do at Pied Piper'?
I'm the CTO.
Ah, he's joking. I'm the CTO.
Fuck you, I'm joking.
Okay, how could you be
the Chief Technology Officer?
I get it. You hear the word "chief,"
and you think "Indian Chief."
But you're the other kind of Indian.
Okay. One, fuck you. I'm Pakistani.
And two, how could you be CTO of anything?
You have to be able to organize,
you have to be able to delegate,
you have to be...
I delegate you to go get me a fucking beer
while I talk to Nicole.
George Silver,
operating partner at Stern Taylor.
So, what do you do at Pied Piper'?
He's the CTO.
(JAZZ MUSIC PLAYING)
ERLICH: That's Drew Houston.
We've been circling each other
for the last 20 minutes.
Ooh!
The Winklevoss twins.
Look at them. They're like
two genetically enhanced Ken dolls.
Do you know
how much Bitcoin they're worth?
Oh, shit, they're splitting up.
Cameron's the left dominant one, right?
- I can't tell them apart.
- I'm gonna come at him from the right side,
try and herd them back together
without spooking them.
Watch this.
Cameron! Cameron!
- Okay.
- JAVEED: Well, well, well,
look who's the big swinging dick.
Hey, Javeed, everything okay at Goolybib?
You gotta ask them. They canned me.
- What?
- Yeah.
Our investors got spooked
by a possible down round,
so they shoved
an acquisition down my throat.
Yeah, an acquisition of $200 million, right?
Yeah, they all made out.
I had a reverse vest with no triggers,
then I lost all my shares when they fired me.
I blew my whole signing bonus
renting that house.
I'm looking into suing 'em.
Jeez.
Look, all I can say is,
don't get fucked, all right?
You take money from the wrong dudes,
and you'll get smoked as bad as I did.
Just be careful.
Everyone is watching you now.
Yeah. Totally. I know. Thanks, Javeed.
No. I mean, they're watching you right now.
(ORGAN PLAYS CHARGE)
- Yeah.
-(APPLAUSE)
Damn it. Where is that camera?
(THEME MUSIC PLAYING)
DINESH: I can't believe
how many gifts we're getting.
GILFOYLE: Gifts I'm getting.
That Oculus rig is addressed to the CTO.
DINESHZ No, I'm the CTO.
As your superior,
I order you to give me that Oculus.
You can't make me do stuff.
You're not the boss of me.
- Actually, I am the boss of you.
- Okay.
GILFOYLE: Richard, tell him I'm CTO.
DINESH: No, you already told that fat guy
that I'm the CTO.
Stop, stop, stop. Please stop.
I have a ton of work to do.
You have work to do.
Maybe lets do the work instead of that.
Jared, we were supposed
to get a term sheet today.
- Have we heard from Peter Gregory?
-(KEYBOARD CLICKING)
Peter Gregory is dead.
What?
(KEYBOARD CLICKING)
Holy shit.
MONICA: He was the smartest,
shrewdest, (SCOFFS)
strangest man I've ever known.
I can't believe that he's gone.
(CLEARS THROAT) Can I ask what happened?
Yeah. Um...
He was in the Serengeti on safari...
- Ah.
-...and he had just gone into his tent
when a hippo wandered into the camp.
Oh, wow.
He was attacked by a hippo?
No. No.
I guess the hippo started to charge
when the guide grabbed his rifle
and shot at it,
but his aim was off, and...
And he shot Peter Gregory by accident?
- Yeah.
- No, he missed...
But I guess the sound of the gun
startled Peter,
who ran out of his tent and...
Ran right into the hippo?
No, the hippo was also startled by the noise
and had run off prior to Peter exiting his tent.
So, what happened to Peter'?
He hadn't run in a long time,
maybe ever, and you know, he just...
That was it.
M.
m.
- That is so very strange.
-(CLEARS THROAT)
- Very sad and tragic. Wow.
- Very sad and strange.
See you.
Man, that is so weird.
I mean, one minute Peter Gregory is here,
the next, he's just gone.
ERLICH: Jared, it's Erlich.
I need you to set up
all the other VC meetings, ASAP.
Line 'em up nuts to butts.
Erlich' what are you doing?
Monica just said they're still gonna fund us.
We should just sit tight.
Look, I loved Peter Gregory
maybe even more than he loved me,
but there's something
you need to know here,
something that Monica
isn't exactly volunteering up,
and that's that all of these one-man firms
have a key-man clause.
- Do you know what that means?
- No.
It means that now that Peter Gregory is gone,
all the Raviga investors
have the contractual right
to cash out and walk away,
which means that by the end of the day,
there may not be a Raviga.
Seriously'?
- Yes, so we have to prepare for that.
Now, I know that it makes me
sound like a terrible person,
but we have a company to run.
And do you know who
the first person to agree with me would be?
Peter Gregory.
(DRAMATIC MUSIC PLAYING)
And that is the very first spot
in our new campaign
heralding the upcoming release of Nucleus
this January at CES.
- Any questions?
- I have a question.
That was horrible.
I just got humiliated
by a fucking teenager at TechCrunch Disrupt,
and you give me this tampon ad?
A girl with diabetes on a swing?
- I think she has cancer.
- MAN: Yeah.
At least that's how I read it.
I don't care what kind of disease she had!
All I care about is that
Nucleus is better than Pied Piper.
Hendricks just left us all in the dust.
If we get this wrong,
we could blow
the business opportunity of a lifetime!
Data creation is exploding.
With all the selfies and useless files
people refuse to delete on the cloud,
92% of the world's data
was created in the last two years alone.
At the current rate,
the world's data storage capacity
will be overtaken by next spring.
It will be nothing short of a catastrophe.
Data shortages, data rationing,
data black markets.
Someone: compression
will save the world from data-geddon,
and it sure as hell better be Nucleus
and not goddamn Pied Piper!
I don't know about you people,
but I don't wanna live in a world
where someone else makes the world
a better place better than we do.
"Data-geddon." Is he married to that, or...
There's just been a lot of "geddons" lately.
That's true.
"Snow-mageddon," "car-mageddon."
There's that movie Armageddon.
Laurie, you wanted to see me?
Monica, come in' come in.
I'm sure you've heard by now
that I've been named
our new managing partner.
MONICA: Yes. Congratulations.
Did the limited partners tell you
how they made their decision?
Oh. They looked at the portfolio performances
of each of the senior partners
over the last several funds,
and my numbers were,
objectively, the most favorable.
Therefore, I was selected.
Yeah, it's just managing partner
is all about meeting with people
and interacting with people.
You can sit down if you want to.
Do you want to?
- Oh...
- Or should we stand?
Uh... I... Whatever...
- I'm standing...
- Okay.
But you don't have to.
- Okay.
- Would it make you feel awkward to sit?
I'm okay to stand.
- Monica...
- Of course.
Peter Gregory is dead.
Yes, I know.
On a personal note, his death is very sad.
But on a professional level, it's untenable.
I've been reviewing his files.
He was pursuing a number
of extremely dubious positions.
Are you aware that we own
a $30 million ostrich farm in Morocco,
or that we are the majority stakeholders
in three companies that
specialize in invisibility?
This box is filled with napkins covered
with notes detailing Peter's conviction
that genetically-modified cranberry fungus
would become the next cotton.
- That... That one I remember.
- Yes.
- Monica.
- Mmm-hmm.
Peter Gregory is dead.
- Yes.
- We need to seem competitive,
now more than ever,
to our investors as well
as to the industry at large.
Well, I mean,
Pied Piper is probably the hottest
early investment in town right now,
and we have them.
Do we?
But why then are they speaking to other firms
about investing in their Series A?
No, no.
I just told them to sit tight for a day or two
until we sorted things out.
It seems that that advanced
a sense of uncertainty,
and now we're at risk of losing their round.
This could jeopardize the firm
and, by extension, your career here, Monica,
as an associate partner.
Well, I guess I was just kind of in shock.
Monica...
(SIGHS)
Peter Gregory is dead.
Yes. I know.
ERLICH: This is great.
I mean, do you know how many times
I've gone into these rooms
with nothing but a half of an ass in my hand?
We're walking in there with 15-foot cocks
covered in Elvis dust.
(PHONE RINGING)
- Really?
- Richard Hendricks? They're ready for you.
- This is a fucking layup, guys.
- RICHARD: Okay, let's do this.
ERLICH: Not you, Jared.
Now, with proper funding,
we should be able to put together
a functioning beta in time for CES
and compress Nucleus out of the marketplace.
(BOTH CHUCKLE)
Yeah.
I don't know.
You don't... What?
It just doesn't seem worked out to me.
Well, I mean, it was worked out enough
to win TechCrunch Disrupt.
Yes, and congratulations, you won 50 grand,
but you're asking us for 200 times that.
Richard, look, we all know
about your amazing compression rate,
but let's not be naive here.
You can't expect to just
throw money at an algorithm
and beat one of the largest
tech companies in the world.
So why don't you rework this a little
and come back in with a little more?
Maybe next week?
And?
That was really weird.
I guess we don't have
as much Elvis dust on us as I thought.
You see?
This is why I wanted to go with Peter Gregory.
This is bullshit.
I mean, that guy throws this huge party for us
and then acts like he doesn't even want us?
I mean, I fucking hate parties.
And then he says, "Come back next week
when you have more.“
More? More than 5.2 on Weissman? (SCOFFS)
No. No.
Fuck that guy. Fuck this place.
Fuck this whole place.
- Watch me fuck this place.
- No, wait! Wait, wait!
Hey. You remember when you told me
to come back when I had more?
And then I said I would?
Well, I'm not going to. Ever.
This doesn't count. Okay.
I'm covered in dust. I'm a S-foot dick,
and I've got half an ass
to go to some other company
who's never gonna put me on a Jumbotron
or throw balls at me.
Bye.
Are you feeling unwell?
Do you need protein?
I don't know what happened.
Between Peter dying
and Raviga maybe being gone, I just...
I just wanna get funded and build Pied Piper.
I hate this part.
- ERLICH: Well, if one thing is for sure...
-(CELL PHONE CHIMES)
...if we're gonna get any traction,
I need to step up my game.
It's an email from Ron LaFlamme.
"Just got a term sheet from Stern Taylor.
"They offered $5 million
at $25 million post-money valuation.
"More than I thought."
Shit. They were negging us.
- Negging?
- Negging is going negative.
It's a manipulative sex strategy
used by lonely chauvinists.
ERLICH: See, everybody wants us.
But, by shitting all over us,
they try and bring our price down.
But you shitting all over them
counteracted their shitting all over us.
You negged a neg.
Richard, this could be good.
- Where do we have next?
- Ross Loma Capital.
Should I keep doing it?
Should I keep negging?
No, no, I'll handle this.
If they want to negotiate
using hostility and rudeness,
well, they picked the wrong guy.
Well, you see, our main concern
is how you're going to achieve
escape velocity on your growth rate.
-(CHUCKLING)
-if critical mass...
I'm sorry. What's funny?
It's just that painting behind you.
It's awful.
It looks like harlequin Kama-sutra
done poorly.
So, I agree,
bad culture fit.
I think we all just move on.
Look, I didn't say anything about a culture fit.
No, I did.
Okay. Well,
thank you for meeting with us.
We have a bunch of these things to go to,
hopefully with more tasteful artwork.
And your logo looks like a sideways vagina.
I find that to be racist, don't you?
Okay, here's my concern...
Here's my concern.
Who the hell picked out that shirt for you?
What?
Oh, I see. With the pants.
So I guess it's a whole thing.
My wife picked these out.
Then you married poorly.
Do you care about Pied Piper'?
Do I care about Pied Piper? Well, of course.
Cause if you do, I'm not seeing it.
In fact, what I think I'm seeing
is the human equivalent of a flaccid penis.
"Flak-Sid." It's actually pronounced "flak-sid."
Not a lot of people know that.
Well, we are definitely interested,
but I think we need to...
I'm sorry. ls something wrong?
No, this is all wrong.
I am sensing a general lack of vision.
Your muffins smell like shit.
So do your ideas.
One of you is the least attractive person
I've ever seen,
and I'm not gonna say who.
Should we leave or should you?
We just got offered eight at 40.
We're five for five, gentlemen.
And Galveston Capital Fund
and Yountville Ventures called.
They want to move their meetings up
before everyone else.
Hey, let me try.
I want to be rude at this next one.
Go for it.
So, with some proper funding,
we should be able to get
a functioning beta in time for CES.
And if you don't fund us,
you're a fucking slut.
(SNIFFING) on...
What's that smell? Is that a fart?
Are you a (anew?
Now, can I have a pastry?
Or are you guys gonna eat 'em all?
'Cause you're gonna get fat.
It's not your fault, Richard.
This is just something that can't be taught,
so leave the next one to me.
I can feel a big one coming on.
What are you gonna do?
I'm not sure yet, but give me room.
There's something inside of me
that has to come out,
and who am I to stop it?
(COMPUTER BEEPS)
His balls?
He put his balls on the table?
- Right on the table.
- On purpose?
I don't see how it could be by accident.
Richard, I just got an email
from the guys at Midland-Oak.
Apparently, there is a line, and I crossed it...
The line between $12 and $15 million!
Ba-bam!
Midland-Oak's offer just came in.
Gentlemen, we are valued at 75 million,
fully diluted.
Are you shitting me?
Take a look at these term sheets.
There is a linear correlation
between how intolerable I was...
-(KNOCKING)
-...and the height of valuation.
Hey. you guys. Um...
This is Laurie Bream,
the new managing partner at Raviga.
Oh, uh.-- Hi. I'm Richard Hendricks.
Yes. I recognize you from your photograph.
-It's very nice to meet you in person.
- Yeah.
Okay, so we did that.
Gentlemen, I am aware
of the degree of interest
you are receiving from other firms.
I am aware that participation in your Series A
will require a very competitive offer,
but for numerous reasons,
I believe it to be the prudent decision.
Now I am presenting you with this.
$20 million at $100 million valuation?
I don't... Uh...
This is way more than any other offer.
Correct.
That is very much intentional.
So, I believe that satisfies your requirements?
Monica will arrange a time
to formalize the details.
Thank you. Have a good day.
Uh, thank you.
Yes.
Congratulations, guys. lam so glad...
(ENGINE STARTS)
Oh, shit! She's my ride home.
I'll call you, Richard.
Uh, yeah, okay.
- Thanks for stopping...
- MONICA: Wait! Laurie, hold on!
(LAUGHS)
Guys, I think we're funded.
- Yes! Richie!
- Yeah!
(SIGHS)
ERLICH: So, I push my dick to the side,
unbutton the bottom two buttons and...
Bam!
Ah!
- What are you doing?
- Shit. Sorry, sorry. Sorry.
(STAMMERS)
Meet me on the side of the house.
-L... Okay.
- Okay. Okay. Go.
- Hey.
- Hey, what's up?
If anyone finds out that I came back here,
I will get fired, okay?
Okay.
- Don't take this deal.
What?
You are worth half that at best.
Oh, wow. Thanks for the compliment.
No. The credit to you guys.
You negotiated your asses off,
but this is a classic runaway valuation.
What's wrong with that?
Pied Piper will be tied to this crazy valuation
that you will never be able to live up to.
If you don't keep increasing
in value in the next round,
if you have a down round, you are fucked.
It is the kiss of death for a young CEO.
You want to start with a realistic valuation
and grow at a reasonable pace.
Okay, well, if it's such a shitty deal,
then why did your boss offer it to us?
Because she's competitive as hell.
She needs Pied Piper
to keep Raviga afloat, Richard.
- Okay.
- Look, I respect Laurie,
but this is the exact type of thing
Peter never did.
Richard, come on. I own shares in Pied Piper.
If this high evaluation
was good in the long-term,
would I be standing here, risking my job?
Don't take our offer.
Maybe go with the lowest offer you got.
Even that might be too high.
(SCOFFS) Again,
thank you for the compliment.
Also, I didn't see anything in there.
No. Yeah, thank you.
I was gonna say if you had,
you'd have to show me yours, too.
(CHUCKLES)
- Um...
-(CLEARS THROAT)
- Okay.
- Okay. Thanks for the...
Okay.
Yeah, sorry about that party.
I was in kind of a bad way that night.
And truth is, I'm actually doing okay.
- Good. That's great.
- Yeah.
I mean, I could run the scenarios
about what happened all I want,
(SIGHING) but I finally just realized
there's just nothing I can do, you know?
Yeah.
So, I'm at peace with it all.
I was thinking, actually, um,
what if you had asked for less?
What?
Well, what if you could've gone to someone
and asked for less than
what they offered that first round?
Like, you mean, negotiating them down?
- Yeah.
- Can you even do that?
- Well, yeah. I mean, why not?
- Yeah, but...
I mean, I guess, technically, I could have.
Mmm...
Huh.
Yeah, I suppose you could argue
that it might've been easier
to hit more realistic benchmarks
and reach cash flow break-even.
Yeah, that's what I'm saying.
And then, (SIGHS)
we wouldn't have faced that down round.
And...
We wouldn't have
had to settle for acquisition.
All that money
fucked me.
Wow. I mean, I don't know about...
- S hit!
- Maybe.
- Look... Hey...
- No, no, no. We could've done a legit Series B.
Right? I'd still be CEO.
I'd have my job,
my kick-ass house.
I'd probably still have my girlfriend...
- Fuck!
- Okay.
Why the fuck didn't anyone tell me
I could take less?
I don't know. I don't know.
Ideas come up and then...
Fuck!
I'll take a cab, so I'll leave you to it.
Thanks for meeting me here.
Fuck!
Richard.
Richard, I'm Laurie Bream.
I was inside your home yesterday.
Have you made a decision
regarding our proposal?
Yeah, yeah, we'll go with you guys,
but we need to renegotiate the terms.
I'm afraid that's untenable.
We're offering as much money as we can.
Uh, no, no, we wanna go lower.
We want less... A lot less, actually.
We'll go with Raviga
if you guys do $10 million
at a $50 million valuation,
not 20 at 100.
I think this is more reasonable,
and it's my final offer. Take it or leave it.
I was not anticipating this,
but I think it will be workable from our end.
And one more thing,
Monica votes for Raviga's board seat.
Certainly that seems unimportant.
I will telephone your lawyer tomorrow,
and we can speak about the relevant details.
Good.
(BLUES MUSIC PLAYING)
Peter was one of the few
who genuinely tack action
to use technology to help humanity thrive.
But how exactly can we quantify
another human's contributions to mankind?
Let's break it down into
its three component elements.
(CLICKING)
I met Peter when he was thinking about
investing in my company, Zettasphere,
although I think he was hesitant
after his disappointing
initial return from Snapchat.
He came on board, anyway,
and every month we would meet.
Peter was always an honest man,
and I know mat
if Peter were here with us today,
he would say that
he was not disappointed in Snapchat.
And he would forgive you, Lev,
for your misunderstanding.
That's just the kind of guy that Peter was,
WHITE', generous,
and not disappointed in Snapchat.
(CLEARS THROAT)
I'll never forget the first time I met Peter.
It was in his mom's garage,
where we started our first business together
manufacturing VGA graphics cards
{or {BM clones.
We never looked back.
And you know, the last time I saw him,
it was at a restaurant,
not a half-mile away from that same garage.
We talked, as old friends do,
he asked me about Jackson Hole,
I asked him about Pilates.
And yer, something was wrong.
Underneath it all,
there was an unmistakable tension.
A tension I wit! forever regret.
It's no secret Peter and I had our differences.
We let business get between us.
Now?
Now I wish I could say Fm sorry for that.
Now it's too late. He's gone.
And ii makes me realize
the importance of forgiveness,
of doing things with love
and compassion in your heart,
and not vengeance and competition.
I mean, we owe that to each other, dam we?
And to him?
After all, this valley is the place
Peter himself helped build.
Where we come together as dreamers,
all of us,
to truly make the world a better place.
This is Florence during the Renaissance.
This is Camelot.
This is the place Peter himself called
"the cradle of innovation. "
(SIGHS)
I wit! miss my friend.
Bye, Pete.
Maybe he is a human, after all.
(CELL PHONE CHIMES)
I'm sorry.
It's from Ron LaFlamme.
"Gavin Belson is suing you.
"Filed claims today that
you stole Pied Piper from Hooli."
Shit.
Gavin Belson is suing us.