1 00:00:14,600 --> 00:00:17,832 - The entire market is watching. - Back with Dynacorps' CEO. 2 00:00:18,000 --> 00:00:19,753 You must be very happy with this news... 3 00:00:19,920 --> 00:00:21,912 This runaway hit that is the Dynacorps IPO... 4 00:00:22,120 --> 00:00:23,554 Take a look at the evaluation, I'm really doubtful... 5 00:00:23,720 --> 00:00:26,792 So a great day for Dynacorps and for the bankers at Gemini Trust... 6 00:00:27,000 --> 00:00:28,559 You'll understand... 7 00:00:28,720 --> 00:00:31,394 ...is climbing rapidly upwards today. 8 00:00:31,560 --> 00:00:33,199 ...moving broadly higher at this hour... 9 00:00:33,360 --> 00:00:35,716 with utility and tech shares leading the gains. 10 00:00:35,880 --> 00:00:37,997 But there is really only one story out there... 11 00:00:38,160 --> 00:00:40,436 that everybody in the market is watching... 12 00:00:40,640 --> 00:00:42,677 and that is the Dynacorps IPO. 13 00:00:42,840 --> 00:00:44,911 This truly is a historic day. 14 00:00:45,080 --> 00:00:46,514 We knew from the road show... 15 00:00:46,680 --> 00:00:48,990 the demand for the stock was going to be strong. 16 00:00:49,160 --> 00:00:51,311 We expected to see a pop at the open. 17 00:00:51,560 --> 00:00:53,916 But nobody thought Dynacorps would soar like this... 18 00:00:54,080 --> 00:00:56,993 all the way to 47, and it looks like it is still climbing... 19 00:00:57,200 --> 00:00:59,556 at this hour, so a much better debut... 20 00:00:59,720 --> 00:01:03,236 than investors could have hoped for. Of course, with this kind of move... 21 00:01:03,400 --> 00:01:06,120 you wonder whether the stock may have been mispriced... 22 00:01:06,280 --> 00:01:09,239 whether or not perhaps they left a little money on the table. 23 00:01:09,400 --> 00:01:11,710 We know that they actually switched underwriters... 24 00:01:11,920 --> 00:01:14,435 going into this IPO, so there was a bit of concern... 25 00:01:14,600 --> 00:01:18,276 about how things would shake up, but clearly Dynacorps' IPO... 26 00:01:18,440 --> 00:01:20,830 is shaping up to be one of the most successful... 27 00:01:21,000 --> 00:01:23,515 public offerings of the year. 28 00:01:31,680 --> 00:01:34,479 So what happened with Dynacorps? 29 00:01:34,640 --> 00:01:39,590 Neel, I have taken nine Silicon Valley companies public in the last five years... 30 00:01:39,760 --> 00:01:43,276 and you want to talk about the one I didn't take to the finish line? 31 00:01:44,680 --> 00:01:47,912 I work for the largest investment bank in the world. 32 00:01:48,080 --> 00:01:49,992 We both know I found you guys capital... 33 00:01:50,160 --> 00:01:53,039 when you were just a couple kids with a laptop and a dream. 34 00:01:53,200 --> 00:01:56,955 So we can talk about Dynacorps... 35 00:01:57,120 --> 00:01:59,430 or we can talk about you... 36 00:01:59,640 --> 00:02:01,677 and how I'm gonna grow your company... 37 00:02:01,840 --> 00:02:05,117 so you can build technology that will transform people's lives. 38 00:02:09,480 --> 00:02:13,030 - Try the Tasmanian sea trout. - Yeah, maybe I should. 39 00:02:14,840 --> 00:02:17,150 - Okay. - Okay. 40 00:04:25,880 --> 00:04:28,634 - Hi. - Hi. I saw the e-mail from Neel. 41 00:04:29,280 --> 00:04:32,830 Mm. He does love to play hard to get. 42 00:04:33,040 --> 00:04:35,316 Everyone likes to think their company's a unicorn. 43 00:04:35,480 --> 00:04:38,473 - You read up on the other companies? - Yeah, so I was looking at... 44 00:04:38,640 --> 00:04:41,200 Cachet? I have a hunch they're looking to expand. 45 00:04:41,360 --> 00:04:43,238 You've got the numbers on them? 46 00:04:45,440 --> 00:04:47,159 I will bring them right over. 47 00:04:47,320 --> 00:04:48,310 Great. 48 00:04:52,680 --> 00:04:53,909 Yeah? 49 00:04:55,040 --> 00:04:57,999 Everyone's saying there's gonna be some movement around here. 50 00:04:58,160 --> 00:05:00,675 So I'm wondering if now might be the time... 51 00:05:00,840 --> 00:05:02,672 - ...to talk about that promotion? - No. 52 00:05:02,840 --> 00:05:04,513 Now is not the right time. 53 00:05:04,680 --> 00:05:06,797 HR is out there snatching BlackBerries. 54 00:05:08,120 --> 00:05:11,192 I get that. But I've been under-compensated two years in a row... 55 00:05:11,360 --> 00:05:16,196 Erin, I told you I'd make a push for you, and I will. But it is a down year. 56 00:05:17,560 --> 00:05:19,358 I do need those numbers ASAP. 57 00:05:58,240 --> 00:06:00,197 Naomi? 58 00:06:00,360 --> 00:06:01,430 Excuse me. 59 00:06:01,640 --> 00:06:03,438 Sam, hi. 60 00:06:03,640 --> 00:06:07,714 I... You know, I meant to reach out when I heard you were doing this, but I... 61 00:06:07,880 --> 00:06:10,440 I thought you hated alumni events. 62 00:06:10,640 --> 00:06:12,233 Well... 63 00:06:12,400 --> 00:06:14,198 - But I think this is important. - Yeah. 64 00:06:14,360 --> 00:06:16,955 I think these girls look at me as what not to do. 65 00:06:17,160 --> 00:06:20,119 How to go to law school and still end up broke. 66 00:06:20,280 --> 00:06:24,593 Well, I'm sure there must be one young idealist in here somewhere. 67 00:06:24,760 --> 00:06:26,797 I hope so. Heh. 68 00:06:26,960 --> 00:06:28,440 So how are you? How are things? 69 00:06:28,600 --> 00:06:32,116 Are you still at the U.S. Attorney's Office locking up drug dealers? 70 00:06:32,280 --> 00:06:36,035 I am. Uh, I'm actually in your area now. 71 00:06:36,200 --> 00:06:39,238 White-collar crime, uh, securities. 72 00:06:41,080 --> 00:06:42,958 Wow, that's quite a change. 73 00:06:43,120 --> 00:06:45,316 And you're at Remson still? 74 00:06:45,480 --> 00:06:46,880 I'm a lifer. 75 00:06:47,600 --> 00:06:49,193 Golden handcuffs. 76 00:06:50,680 --> 00:06:52,080 Yeah. 77 00:06:52,640 --> 00:06:54,518 You got a file on us? 78 00:06:55,440 --> 00:06:58,478 I imagine we have a file on everyone. 79 00:07:02,280 --> 00:07:04,840 You know, I was just thinking the other night... 80 00:07:05,000 --> 00:07:09,279 about the evening of Goatee Guy. 81 00:07:09,440 --> 00:07:11,511 - No, no. - Yeah, yeah. 82 00:07:11,680 --> 00:07:13,637 That was horrifying. 83 00:07:13,800 --> 00:07:16,110 - The most awful walk of shame. - It was awesome. 84 00:07:16,280 --> 00:07:18,875 No, it's not awesome. There's nothing awesome about it. 85 00:07:20,320 --> 00:07:23,119 Know what? We really should get together. It's been forever. 86 00:07:23,280 --> 00:07:24,475 I would love that. 87 00:07:24,640 --> 00:07:25,994 - Me too. - I'll, um... 88 00:07:26,160 --> 00:07:28,994 - I'll see you on the panel. - Yeah. See you up there. 89 00:07:31,840 --> 00:07:36,471 I'm wondering, for each of you, what's that thing that really makes you... 90 00:07:36,680 --> 00:07:38,273 want to get up in the morning? 91 00:07:43,320 --> 00:07:48,270 Well, for me, I guess, the simplest answer is... 92 00:07:50,280 --> 00:07:51,839 I like money. 93 00:07:53,640 --> 00:07:55,677 I do. I like numbers. 94 00:07:55,840 --> 00:07:57,513 I like negotiating. 95 00:07:57,680 --> 00:07:59,637 I love a challenge. 96 00:07:59,800 --> 00:08:02,520 Turning a no into a yes. 97 00:08:03,840 --> 00:08:05,718 But I really do like money. 98 00:08:05,920 --> 00:08:09,152 I like knowing that I have it. 99 00:08:09,320 --> 00:08:12,358 I grew up in a house where there was never enough. 100 00:08:12,520 --> 00:08:15,433 I was raised by a single mom with four kids. 101 00:08:15,640 --> 00:08:17,199 I took my first job on Wall Street... 102 00:08:17,360 --> 00:08:20,910 so I could put my little brothers through college. 103 00:08:21,080 --> 00:08:26,155 But I am not going to sit here and tell you that I only do what I do... 104 00:08:26,320 --> 00:08:32,237 to take care of other people, because it is okay to do it for ourselves. 105 00:08:32,400 --> 00:08:35,393 For how it makes us feel. 106 00:08:35,560 --> 00:08:37,756 Secure? Yeah. 107 00:08:37,920 --> 00:08:40,879 Powerful? Absolutely. 108 00:08:41,080 --> 00:08:43,879 I am so glad that it's finally acceptable... 109 00:08:44,080 --> 00:08:48,677 for women to talk about ambition openly. 110 00:08:48,880 --> 00:08:52,874 But don't let money be a dirty word. 111 00:08:53,040 --> 00:08:55,157 We can like that too. 112 00:09:04,240 --> 00:09:06,880 Did I see you in a dress last night? 113 00:09:07,040 --> 00:09:08,269 Shut up. 114 00:09:11,120 --> 00:09:14,636 So you go to the thing? You talk to her? 115 00:09:15,560 --> 00:09:17,916 - Your friend? - I did. 116 00:09:18,080 --> 00:09:22,393 And? She give you anything on the hedge fund guy? 117 00:09:22,560 --> 00:09:24,392 I haven't seen the woman in eight years. 118 00:09:24,560 --> 00:09:26,597 What exactly do you think she'll give me... 119 00:09:26,760 --> 00:09:28,638 at our appearance at an alumni event? 120 00:09:28,800 --> 00:09:32,476 Look, this was your idea to nail Benji through your banker friend, not mine. 121 00:09:32,640 --> 00:09:34,552 I said I'd make contact. 122 00:09:34,760 --> 00:09:36,274 And? 123 00:09:36,440 --> 00:09:38,830 I made contact. 124 00:10:10,640 --> 00:10:12,950 Naomi, thanks for coming. 125 00:10:13,520 --> 00:10:15,239 You know Leslie from HR? 126 00:10:16,640 --> 00:10:19,997 She needs a couple more names from your department. 127 00:10:22,200 --> 00:10:24,954 Teddy Sidel and Arthur Abbott. 128 00:10:26,000 --> 00:10:28,993 You do know who Teddy's uncle is? 129 00:10:29,160 --> 00:10:31,311 You asked me to identify the weakest performers. 130 00:10:31,520 --> 00:10:34,672 What you do with that information is up to you. 131 00:10:35,880 --> 00:10:37,155 Okay. 132 00:10:42,440 --> 00:10:43,999 I guess you've heard the talk. 133 00:10:44,200 --> 00:10:45,953 I'm getting out. Retiring. 134 00:10:47,280 --> 00:10:49,272 Congratulations, Randall. 135 00:10:50,680 --> 00:10:53,036 You never want to stay at the party too long. 136 00:10:56,360 --> 00:10:58,158 Your turn. 137 00:11:07,000 --> 00:11:09,640 Steady now. 138 00:11:13,040 --> 00:11:15,760 So they'll be naming a new... 139 00:11:16,840 --> 00:11:18,957 global head. 140 00:11:24,960 --> 00:11:27,873 Look, Naomi, I'm gonna be frank with you. 141 00:11:28,080 --> 00:11:31,073 This doesn't look like your year. 142 00:11:32,800 --> 00:11:34,632 Because of Dynacorps? 143 00:11:34,800 --> 00:11:38,237 I did ask around about what happened there. 144 00:11:38,400 --> 00:11:41,154 And the perception... 145 00:11:41,800 --> 00:11:44,190 is that you rubbed some people the wrong way. 146 00:11:47,240 --> 00:11:49,755 They're looking for a rainmaker. 147 00:11:53,200 --> 00:11:54,680 Hm. 148 00:12:04,080 --> 00:12:05,878 You're hesitating. Push it. 149 00:12:06,040 --> 00:12:08,111 Go. Go! 150 00:12:09,280 --> 00:12:12,352 Go! Go! Go. 151 00:12:15,240 --> 00:12:18,995 I mean, at least hit me with some facts. 152 00:12:19,160 --> 00:12:20,594 Use my numbers against me. 153 00:12:20,800 --> 00:12:23,713 But perception? What the fuck do I do with that? 154 00:12:25,800 --> 00:12:28,076 You haven't told me the details about that deal. 155 00:12:28,240 --> 00:12:30,596 You didn't discuss it at the board meeting? 156 00:12:31,360 --> 00:12:34,319 Apparently I wore an awful dress. 157 00:12:38,000 --> 00:12:40,720 - Oh, men don't do this, right? - Hmm? 158 00:12:40,920 --> 00:12:44,277 You don't... You don't lose sleep over this kind of stuff, do you? 159 00:12:44,440 --> 00:12:46,477 Oh, yeah, yeah, we do. 160 00:12:47,000 --> 00:12:51,313 We just don't... We just don't turn in on ourselves. 161 00:12:51,840 --> 00:12:53,354 No, it's much more fun... 162 00:12:53,520 --> 00:12:56,877 - ...to get really pissed at someone else. - Ooh. 163 00:12:59,720 --> 00:13:01,439 Yeah. 164 00:13:10,320 --> 00:13:14,394 What's the biggest deal you could get right now? 165 00:13:15,200 --> 00:13:19,479 Cachet just added their 12th board member. 166 00:13:19,640 --> 00:13:20,994 Right. 167 00:13:21,160 --> 00:13:23,391 So they're going public? 168 00:13:24,360 --> 00:13:28,673 I found VCs for that kid when he had five employees. 169 00:13:29,800 --> 00:13:31,200 Huh. 170 00:13:46,880 --> 00:13:48,280 What time's your car coming? 171 00:13:48,440 --> 00:13:50,079 Four-thirty. 172 00:13:50,240 --> 00:13:52,709 Oh, Jesus, babe. 173 00:13:52,880 --> 00:13:54,917 You need to sleep. 174 00:13:56,240 --> 00:13:58,118 Please don't tell me what I need. 175 00:13:58,280 --> 00:14:01,352 Okay. I get it. 176 00:14:01,520 --> 00:14:04,399 You have to win the bake sale. 177 00:14:05,960 --> 00:14:07,440 Bake off. 178 00:14:07,880 --> 00:14:09,633 Bring me a brownie. 179 00:14:10,200 --> 00:14:15,832 Hm. I am bringing home the fucking bakery. 180 00:14:16,040 --> 00:14:18,077 - Yes! - Yes. 181 00:14:18,240 --> 00:14:20,709 That's right. Oh, where are you going? 182 00:14:20,920 --> 00:14:23,515 Heh. I'm going to bed. 183 00:14:29,120 --> 00:14:32,352 I hope I never have to battle you for anything. 184 00:14:32,520 --> 00:14:34,796 Because you'd lose. 185 00:14:57,280 --> 00:14:58,839 Here's your coffees. 186 00:14:59,040 --> 00:15:02,033 - Thank you so much. I appreciate that. - Thanks. 187 00:15:03,640 --> 00:15:05,677 - Hey, was that Channing Trust? - Yeah, dude. 188 00:15:05,880 --> 00:15:09,032 My uncle said Remson's tapping the guy with the glasses for new global head. 189 00:15:36,920 --> 00:15:40,152 When I was a kid, if you wanted privacy... 190 00:15:40,320 --> 00:15:43,472 if you wanted to send a secret message... 191 00:15:43,640 --> 00:15:46,838 you made invisible ink with vinegar. 192 00:15:47,000 --> 00:15:49,993 And when you were ready to go public... 193 00:15:50,160 --> 00:15:53,437 you revealed your secret message with grape juice. 194 00:16:02,000 --> 00:16:03,320 Hm. 195 00:16:05,480 --> 00:16:07,119 But there's nothing secret... 196 00:16:07,320 --> 00:16:10,392 about what brings us all together today. 197 00:16:10,560 --> 00:16:13,598 I'd like to introduce you to my VP Erin Manning. 198 00:16:13,760 --> 00:16:16,514 She'll go through some specifics of our proposal. 199 00:16:17,360 --> 00:16:19,955 Cachet certainly has taken privacy to the next level... 200 00:16:20,160 --> 00:16:22,391 and we are so pleased to have had a chance... 201 00:16:22,560 --> 00:16:24,517 to foster that growth. 202 00:16:24,680 --> 00:16:26,672 If you open your pitch books to page two... 203 00:16:26,880 --> 00:16:29,554 you'll see in the first model, we're predicting a valuation... 204 00:16:29,720 --> 00:16:33,475 of a little over a billion, at 34 to 36 a share. 205 00:16:36,880 --> 00:16:39,952 Well, you're certainly presenting us with some compelling numbers. 206 00:16:40,120 --> 00:16:42,510 You guys can tell we've done our homework. 207 00:16:42,680 --> 00:16:44,876 But... 208 00:16:45,040 --> 00:16:48,078 that's not why you're gonna give me this deal. 209 00:16:49,840 --> 00:16:51,194 Okay. 210 00:16:51,400 --> 00:16:54,120 I remember what you told me the first day we met. 211 00:16:54,320 --> 00:16:56,880 You said, "We're not a social media company... 212 00:16:57,040 --> 00:16:58,394 with privacy settings. 213 00:16:58,560 --> 00:17:02,793 We're a privacy company that can build a social network. 214 00:17:03,000 --> 00:17:05,640 An impenetrable social network." 215 00:17:05,800 --> 00:17:08,269 I understood that. 216 00:17:08,440 --> 00:17:09,669 The need for it. 217 00:17:09,880 --> 00:17:12,190 I felt it in my gut. 218 00:17:12,360 --> 00:17:15,034 Now, some other people thought you guys were paranoid. 219 00:17:15,200 --> 00:17:16,236 Right? 220 00:17:16,400 --> 00:17:18,278 Investors wouldn't go for it. 221 00:17:18,440 --> 00:17:20,397 Now fast forward. 222 00:17:20,600 --> 00:17:21,716 Edward Snowden. 223 00:17:21,880 --> 00:17:23,394 The Sony hack. 224 00:17:23,600 --> 00:17:25,876 Nude photos of actresses. 225 00:17:26,040 --> 00:17:27,599 Your revenue jumps. 226 00:17:27,760 --> 00:17:32,312 Your competitors start rolling out. But we were ahead of the curve... 227 00:17:32,480 --> 00:17:36,235 because we understood that it gets harder every day... 228 00:17:36,400 --> 00:17:37,993 to trust people in this world. 229 00:17:38,920 --> 00:17:42,709 And security is the hottest commodity. 230 00:17:51,840 --> 00:17:53,274 - Cheers. - Cheers. 231 00:17:53,840 --> 00:17:55,194 - Go, us. - Well done. Heh, heh. 232 00:17:55,360 --> 00:17:57,750 - Cheers. - Cheers. 233 00:17:58,200 --> 00:18:01,318 No, no, no. Don't stand up. I'm with a client. 234 00:18:02,040 --> 00:18:04,350 I just wanted to say, uh... 235 00:18:06,200 --> 00:18:08,032 congratulations. 236 00:18:08,760 --> 00:18:11,116 - Great work, all of you. - Thank you. 237 00:18:11,280 --> 00:18:15,957 - Thank you. Randall, you know Erin? - Of course. 238 00:18:16,120 --> 00:18:18,396 She did spectacular work on this one. 239 00:18:18,560 --> 00:18:20,074 Always good to hear. 240 00:18:20,880 --> 00:18:22,792 Again, congratulations. 241 00:18:23,320 --> 00:18:26,518 I recommend the New York Strip. Heh, heh. 242 00:18:27,760 --> 00:18:29,240 - New York Strip it is. - Well... 243 00:18:45,040 --> 00:18:47,032 How far along are you? 244 00:18:49,160 --> 00:18:50,992 It's really early. 245 00:18:51,160 --> 00:18:52,833 Six weeks? 246 00:18:54,040 --> 00:18:55,315 Wow. 247 00:18:57,800 --> 00:19:00,235 Well, congratulations. 248 00:19:01,280 --> 00:19:02,714 Thanks. 249 00:19:05,400 --> 00:19:08,313 Okay, I'll see you in a minute. 250 00:19:12,240 --> 00:19:14,709 Oh, fuck. 251 00:19:28,600 --> 00:19:29,636 Mark your calendars. 252 00:19:29,800 --> 00:19:33,510 August 28th will be the IPO for the privacy company Cachet. 253 00:19:33,680 --> 00:19:35,911 Seems like every time there's a hacking scandal... 254 00:19:36,080 --> 00:19:38,197 Cachet's sales increase dramatically. 255 00:19:38,400 --> 00:19:40,631 Bloomberg News has learned that Naomi Bishop... 256 00:19:40,800 --> 00:19:42,120 will be the lead banker on the deal. 257 00:19:42,320 --> 00:19:44,198 Some money managers surprised by this... 258 00:19:44,360 --> 00:19:48,991 after she ruffled some feathers in an earlier IPO. Also in the new... 259 00:20:15,800 --> 00:20:17,439 Thank you. 260 00:20:18,440 --> 00:20:21,239 Step away from the BlackBerry. 261 00:20:27,920 --> 00:20:29,115 Ah! 262 00:20:29,960 --> 00:20:31,030 Jeez. 263 00:20:33,200 --> 00:20:34,953 Nicely done. 264 00:20:36,520 --> 00:20:38,955 You know what's weird about the whole privacy thing? 265 00:20:39,120 --> 00:20:40,600 What? 266 00:20:41,960 --> 00:20:43,599 Half the world is paranoid... 267 00:20:43,800 --> 00:20:48,397 and the other half's password is "password." 268 00:20:50,880 --> 00:20:52,678 That's true. 269 00:20:54,040 --> 00:20:55,918 What's your lamest password? 270 00:20:56,080 --> 00:20:58,390 I'm so not telling you my passwords. 271 00:20:58,560 --> 00:20:59,789 Oh, come on, old school. 272 00:20:59,960 --> 00:21:01,792 Like '96. 273 00:21:02,560 --> 00:21:05,394 - '96? I... - Mm-hm. 274 00:21:09,840 --> 00:21:12,230 - "Bankerchick." - Oh. 275 00:21:12,400 --> 00:21:14,995 - "Bankerchick," huh? - Mm-hm. 276 00:21:15,600 --> 00:21:17,398 That's really kind of hot. 277 00:21:19,080 --> 00:21:20,116 - Is it? - Mm. 278 00:21:23,440 --> 00:21:25,193 Hell, yeah, Bankerchick. 279 00:21:56,440 --> 00:21:57,715 Who the hell is that? 280 00:21:57,920 --> 00:21:59,798 I don't know. 281 00:22:00,000 --> 00:22:01,275 Oh, shit. 282 00:22:01,440 --> 00:22:03,557 It's Erin. 283 00:22:04,520 --> 00:22:06,159 VP Erin? 284 00:22:09,160 --> 00:22:10,389 Hi, Erin. 285 00:22:10,560 --> 00:22:12,119 Hi. 286 00:22:12,280 --> 00:22:14,158 Sorry. 287 00:22:14,680 --> 00:22:16,876 Thanks. 288 00:22:17,040 --> 00:22:18,838 Bye, Erin. 289 00:22:20,480 --> 00:22:21,914 Bye. 290 00:22:28,960 --> 00:22:30,952 Now... 291 00:22:34,480 --> 00:22:36,870 where were we? 292 00:23:02,840 --> 00:23:04,718 - This is Naomi. - Hey, gorgeous. 293 00:23:04,880 --> 00:23:06,473 How are things up on the 11th floor? 294 00:23:06,640 --> 00:23:10,554 Mm. You still have the better view, but it's a good day. 295 00:23:10,720 --> 00:23:12,712 - Pitch went well? - Turn on Bloomberg. 296 00:23:12,880 --> 00:23:14,280 Then let's celebrate. 297 00:23:14,440 --> 00:23:15,920 Okay, later. 298 00:23:16,120 --> 00:23:19,113 Later? What about that empty office up on 18? 299 00:23:19,280 --> 00:23:20,839 - Michael. - What are you wearing? 300 00:23:21,040 --> 00:23:23,350 Heh, heh. Michael, we cannot. 301 00:23:23,520 --> 00:23:25,671 Hey, Compliance, are you listening? 302 00:23:25,880 --> 00:23:28,839 The only wall we're crossing here is the wall of love. 303 00:23:29,000 --> 00:23:30,195 Oh, Mich... 304 00:23:31,880 --> 00:23:34,395 Never a dull moment here in Compliance. 305 00:23:36,640 --> 00:23:38,199 That... That's his company phone? 306 00:23:39,200 --> 00:23:41,317 Isn't that crossing the wall? 307 00:23:41,520 --> 00:23:43,751 Well, technically there's nothing criminal here. 308 00:23:44,280 --> 00:23:46,511 So Remson doesn't have a policy prohibiting... 309 00:23:46,680 --> 00:23:49,479 this kind of romantic relationship between two employees? 310 00:23:49,640 --> 00:23:51,552 Some banks do, but nope. 311 00:23:53,720 --> 00:23:55,791 What's your gut on this guy? 312 00:24:00,200 --> 00:24:01,395 Michael? 313 00:24:01,560 --> 00:24:03,279 He has instincts. 314 00:24:04,960 --> 00:24:07,031 Some people have instincts. 315 00:24:07,200 --> 00:24:09,760 Some people are getting a tip. 316 00:24:09,920 --> 00:24:12,071 And? 317 00:24:12,240 --> 00:24:13,959 We keep our eye on him. 318 00:24:30,680 --> 00:24:32,512 Hello. 319 00:24:32,680 --> 00:24:33,830 Hey. 320 00:24:41,920 --> 00:24:43,434 Here you go. 321 00:24:43,600 --> 00:24:45,796 Thank you. 322 00:24:57,440 --> 00:24:58,999 Remind me why I didn't marry you. 323 00:25:04,800 --> 00:25:06,280 Diamonds. 324 00:25:08,880 --> 00:25:12,510 Remson holiday party, '90-something. 325 00:25:12,680 --> 00:25:14,592 Randall introduced us? 326 00:25:14,760 --> 00:25:17,150 - The St. Regis. - Yes. 327 00:25:17,320 --> 00:25:21,553 You asked me who bought these... 328 00:25:21,720 --> 00:25:26,556 and I saw you puff up your chest, ready to fight off some rival... 329 00:25:26,720 --> 00:25:30,600 but then I told you I bought them for myself. 330 00:25:31,000 --> 00:25:32,878 - Ah. - Mm-hm. 331 00:25:33,920 --> 00:25:37,470 Yeah, well, men like a girl they can take care of. 332 00:25:37,680 --> 00:25:39,831 Someone should remind them about alimony. 333 00:25:42,440 --> 00:25:45,114 People seem to like your Cachet thing. 334 00:25:45,800 --> 00:25:47,280 Yeah. 335 00:25:48,040 --> 00:25:51,511 - Remember my friend Marco? - Um... 336 00:25:51,720 --> 00:25:54,838 Oh, from Stanford, right? The tech blogger guy? 337 00:25:55,000 --> 00:25:57,515 Yeah, he writes about encryption and secrecy... 338 00:25:57,680 --> 00:26:00,912 whisper-funds, all that kind of spy shit. 339 00:26:01,560 --> 00:26:04,519 He seemed to think that Cachet was gonna go well. 340 00:26:05,400 --> 00:26:06,754 We hope so. 341 00:26:06,960 --> 00:26:09,077 Yeah, what about you? 342 00:26:09,240 --> 00:26:11,118 Think they're onto something? 343 00:26:12,600 --> 00:26:14,319 I do. 344 00:26:14,480 --> 00:26:16,790 Have you started due diligence yet? 345 00:26:19,200 --> 00:26:21,590 - Michael. - Hm? 346 00:26:23,560 --> 00:26:26,871 What, you... You want to build a Chinese wall in my apartment? 347 00:26:27,040 --> 00:26:32,991 Well, I just... I think it's simpler and better if we don't talk shop. 348 00:26:36,440 --> 00:26:37,999 Okay. 349 00:26:38,640 --> 00:26:40,472 Okay. 350 00:26:43,720 --> 00:26:47,111 Who's watching us tonight? 351 00:26:48,000 --> 00:26:51,789 Hello? Sam? Sophie wants to know who's babysitting them tonight. 352 00:26:52,000 --> 00:26:54,151 Uh, Lisa from downstairs. 353 00:26:54,320 --> 00:26:55,800 I hate Lisa. 354 00:26:55,960 --> 00:26:57,792 You don't hate Lisa. 355 00:26:57,960 --> 00:26:59,519 She's got weird hair. 356 00:26:59,720 --> 00:27:01,712 Okay, that is not kind. 357 00:27:02,160 --> 00:27:05,915 - She's not a real babysitter. - You know, they do have a point. 358 00:27:06,080 --> 00:27:07,912 You know I have rehearsal every Tuesday. 359 00:27:08,080 --> 00:27:09,958 Something came up. It happens. 360 00:27:10,120 --> 00:27:13,079 Drinks? With some friend from childhood? 361 00:27:13,240 --> 00:27:15,675 - I told you, it's work. - Mm-hm. 362 00:27:15,840 --> 00:27:17,638 Are you investigating her? 363 00:27:18,040 --> 00:27:19,952 Lisa is fine. 364 00:27:20,120 --> 00:27:22,874 You crazies love the games on her phone, don't you? 365 00:27:23,360 --> 00:27:24,510 Don't you? 366 00:27:24,680 --> 00:27:26,876 Don't you? Who am I gonna get? Who am I gonna get? 367 00:27:28,360 --> 00:27:29,510 I'm gonna get those feet. 368 00:27:30,360 --> 00:27:33,398 - Hey, you, hey... - And she's affordable. 369 00:27:34,880 --> 00:27:37,236 You go. I'll wait. I'm totally gonna get you. 370 00:27:37,400 --> 00:27:39,392 - I'm gonna be late. Got to go. - You cannot... 371 00:27:39,560 --> 00:27:42,120 You can run, but you cannot hide from me. 372 00:27:42,280 --> 00:27:43,430 They are beautiful. 373 00:27:44,320 --> 00:27:48,109 Ah... I've got a betta. 374 00:27:48,920 --> 00:27:49,956 Which is a fish. 375 00:27:50,120 --> 00:27:52,760 - Yes, I actually knew that. - Heh. 376 00:27:52,920 --> 00:27:55,594 I'm gonna have to tell my brother that I saw you. 377 00:27:55,760 --> 00:27:58,070 He thinks that every girl he ever dated turned gay. 378 00:27:58,280 --> 00:28:00,875 How is he? How is everyone? Everyone still in Michigan? 379 00:28:01,320 --> 00:28:04,711 Yeah, they're still in that 30-mile radius. 380 00:28:04,880 --> 00:28:06,439 Do you ever get back there or...? 381 00:28:07,080 --> 00:28:09,117 Um... Talk to them all the time. 382 00:28:09,280 --> 00:28:12,034 But with work and... 383 00:28:13,120 --> 00:28:15,715 - Enjoy. - Thank you. 384 00:28:23,040 --> 00:28:25,999 Yeah. Goatee Man is long gone. 385 00:28:26,160 --> 00:28:30,632 Yeah, a little bit more my type now, I suppose. 386 00:28:32,800 --> 00:28:33,870 So how about you? 387 00:28:34,040 --> 00:28:35,872 Are you seeing anyone or...? 388 00:28:37,440 --> 00:28:38,590 I get what I need. 389 00:28:38,760 --> 00:28:40,638 Oh, do tell. 390 00:28:40,800 --> 00:28:42,712 I'm just a boring old married lady. 391 00:28:43,520 --> 00:28:46,319 Well, he's, uh... 392 00:28:46,480 --> 00:28:48,437 He's smart. 393 00:28:48,600 --> 00:28:50,034 Someone from work? 394 00:28:50,200 --> 00:28:51,998 - Where else? - Mm. 395 00:28:52,640 --> 00:28:54,199 I dated someone from work once. 396 00:28:54,360 --> 00:28:56,716 But I don't know, it got weird. 397 00:28:56,920 --> 00:28:58,559 It was claustrophobic and... 398 00:28:58,720 --> 00:29:03,033 Well, yeah, I mean, we don't see each other day-to-day, so... 399 00:29:03,200 --> 00:29:06,159 Smart. So what, a broker? 400 00:29:06,320 --> 00:29:07,720 Actually, yeah, yeah. 401 00:29:10,960 --> 00:29:13,031 Does it ever get...? 402 00:29:13,200 --> 00:29:14,919 - Get...? - I mean... 403 00:29:15,080 --> 00:29:17,549 there must be certain things you can't talk about? 404 00:29:20,240 --> 00:29:21,959 What are you doing? 405 00:29:23,080 --> 00:29:26,391 Here I thought we were just two old friends having a drink. 406 00:29:26,560 --> 00:29:28,040 We are. 407 00:29:32,640 --> 00:29:35,030 - Can I have the check, please? - Sure. 408 00:29:36,720 --> 00:29:39,838 His name is Michael Connor. C-O-N-N-O-R. 409 00:29:40,000 --> 00:29:42,993 But I don't know, maybe you already knew that. 410 00:29:43,160 --> 00:29:45,038 No, Naomi, I... 411 00:29:47,040 --> 00:29:50,033 Okay, yes, I may have come across his name... 412 00:29:50,200 --> 00:29:52,590 in the office as someone who... 413 00:29:52,760 --> 00:29:53,750 Someone who...? 414 00:29:53,920 --> 00:29:56,833 Deals with a lot of hedge funds. 415 00:29:57,560 --> 00:29:59,119 Yep. 416 00:29:59,280 --> 00:30:01,112 That's what he does. 417 00:30:04,840 --> 00:30:06,559 Naomi... 418 00:30:14,400 --> 00:30:15,436 How was drinks? 419 00:30:15,600 --> 00:30:18,638 She's not gonna give us anything. 420 00:30:18,800 --> 00:30:22,874 Look. If we don't have a good feeling about this one... 421 00:30:23,040 --> 00:30:26,716 We don't need warm, fuzzy fucking feelings, Frank. We need evidence. 422 00:30:26,880 --> 00:30:29,952 Did your friend in Compliance send anything over? 423 00:30:31,200 --> 00:30:32,429 Paperwork on Michael. 424 00:30:36,120 --> 00:30:38,680 Now, don't go doing anything rash. 425 00:30:38,840 --> 00:30:41,275 You're not in Narcotics anymore. 426 00:30:51,760 --> 00:30:53,240 He's an old friend. 427 00:30:53,400 --> 00:30:55,357 The man is a top guy... 428 00:30:56,320 --> 00:30:59,074 Just watch me and don't jump in a lot. 429 00:30:59,240 --> 00:31:00,276 Okay. 430 00:31:00,440 --> 00:31:01,794 - Okay, and nod. - All right. 431 00:31:02,000 --> 00:31:04,037 - Michael. - Hey. 432 00:31:04,200 --> 00:31:06,112 - How are you? - Cory. 433 00:31:06,280 --> 00:31:09,079 - How are you? Good to see you. - Working with us for a while. 434 00:31:09,240 --> 00:31:11,311 We figure it's time he played with the big boys. 435 00:31:14,440 --> 00:31:15,635 Gentlemen. 436 00:31:15,800 --> 00:31:18,395 Uh, could I get a Macallan 18? 437 00:31:18,600 --> 00:31:20,592 - No ice. - Of course. 438 00:31:20,760 --> 00:31:23,753 I'll have the same thing. So will he. 439 00:31:23,920 --> 00:31:25,070 Thanks. 440 00:31:25,240 --> 00:31:26,993 - Thank you. - Thank you. 441 00:31:30,240 --> 00:31:31,754 What do you have for us? 442 00:31:32,480 --> 00:31:33,675 Nothing. 443 00:31:39,480 --> 00:31:42,279 I was just out of school when I met this guy. 444 00:31:42,440 --> 00:31:44,955 He didn't even give a shit about the money. 445 00:31:45,120 --> 00:31:48,397 Just loves the fucking game of it. 446 00:31:48,560 --> 00:31:51,029 You know, he played like a pro. 447 00:31:51,200 --> 00:31:53,760 When I left, and I started a hedge fund... 448 00:31:53,920 --> 00:31:57,436 he sent a hedgehog to my office. 449 00:31:57,640 --> 00:31:58,994 An actual hedgehog? 450 00:31:59,160 --> 00:32:03,120 Yeah, the box opens, there was a fucking rodent in my lap. 451 00:32:10,960 --> 00:32:15,113 Oh, God. Heh, heh. 452 00:32:15,480 --> 00:32:17,119 Where is that guy? 453 00:32:20,680 --> 00:32:23,240 What is it? Getting older? 454 00:32:23,840 --> 00:32:25,274 We're all older. 455 00:32:25,440 --> 00:32:26,476 The regulations? 456 00:32:27,120 --> 00:32:28,315 Well... 457 00:32:28,480 --> 00:32:30,312 Where are you going with this? 458 00:32:34,800 --> 00:32:35,870 Macallan. 459 00:32:37,680 --> 00:32:39,160 Thank you. 460 00:32:40,360 --> 00:32:41,476 Thanks. 461 00:32:48,640 --> 00:32:51,200 Now, we have a lot of capital to invest. 462 00:32:52,280 --> 00:32:54,636 And you're gonna bring us something, yeah? 463 00:33:06,440 --> 00:33:08,272 I'm thinking... 464 00:33:10,880 --> 00:33:12,439 privacy. 465 00:33:12,800 --> 00:33:14,359 Privacy? 466 00:33:22,520 --> 00:33:24,557 You with the green pens. 467 00:33:26,400 --> 00:33:27,436 Color of money. 468 00:33:45,840 --> 00:33:48,230 Can you check that the B server was reset properly last night? 469 00:33:48,400 --> 00:33:50,073 Yeah, for sure. 470 00:33:50,280 --> 00:33:51,839 Did you call Dave over at V-Tech? 471 00:33:52,000 --> 00:33:53,320 - Yeah, of course. - Good. 472 00:33:53,480 --> 00:33:54,709 Thank you. 473 00:33:54,880 --> 00:33:56,234 All right. 474 00:34:06,080 --> 00:34:07,719 Good afternoon, everyone. 475 00:34:07,880 --> 00:34:10,793 We'd like to start off with a preliminary discussion of pricing. 476 00:34:10,960 --> 00:34:13,350 - Let's do it. Where are we at? - At this point... 477 00:34:13,520 --> 00:34:17,912 we're looking at a range of 32 to 34 a share. At 7.2 million a share... 478 00:34:18,080 --> 00:34:21,596 that gives us a valuation of 868 million. 479 00:34:21,760 --> 00:34:23,194 Hang on just a minute. 480 00:34:23,360 --> 00:34:25,636 We have to get a billion-dollar valuation. 481 00:34:25,800 --> 00:34:28,156 We have looked at the comparables, Ed, and... 482 00:34:28,320 --> 00:34:30,710 You said 34 to 36 in your pitch. 483 00:34:31,240 --> 00:34:33,675 You'll leave tens of millions of dollars on the table. 484 00:34:33,880 --> 00:34:35,360 We can get at least 35. 485 00:34:35,520 --> 00:34:39,560 This is a balancing act. Raising money for your company... 486 00:34:39,760 --> 00:34:42,798 while still promising our investors a deal for coming on board... 487 00:34:42,960 --> 00:34:45,714 Look, you begged me for this IPO. 488 00:34:45,880 --> 00:34:47,633 Do you want me to call Channing Trust? 489 00:34:47,800 --> 00:34:49,598 I don't actually remember begging. 490 00:34:49,760 --> 00:34:51,433 Does anybody else? 491 00:34:51,600 --> 00:34:53,956 No. So, what you want to avoid here, Ed, is a down... 492 00:34:54,120 --> 00:34:56,840 Because we know what happened with your last IPO. 493 00:34:57,000 --> 00:34:58,957 I don't think that's relevant here. 494 00:34:59,200 --> 00:35:00,600 Oh. 495 00:35:08,320 --> 00:35:09,549 Ed. Ian. 496 00:35:09,720 --> 00:35:12,758 I believe our goal is to find the right number for all of us. 497 00:35:15,000 --> 00:35:17,959 - The number's 35. - Possibly. 498 00:35:18,520 --> 00:35:21,479 But you can think of it like a... Like a party. 499 00:35:22,200 --> 00:35:25,910 We need to encourage people to show up to the party. 500 00:35:26,080 --> 00:35:27,912 It could be the best party in the world. 501 00:35:28,080 --> 00:35:30,151 - But if nobody shows up... - A party? 502 00:35:30,320 --> 00:35:32,994 - Um, I don't really think... - No, no, hang on. 503 00:35:33,160 --> 00:35:34,799 I get this. 504 00:35:36,880 --> 00:35:37,870 A party. 505 00:35:38,680 --> 00:35:40,194 Go on. 506 00:35:40,360 --> 00:35:43,273 With a 32 to 34 range, we'll get people in the door. 507 00:35:43,440 --> 00:35:44,874 But if the party's good enough... 508 00:35:45,080 --> 00:35:48,517 - People will line up around the block. - This is true. 509 00:35:49,000 --> 00:35:50,275 I like you. 510 00:35:50,840 --> 00:35:53,116 You know how to talk to people. 511 00:35:54,400 --> 00:35:56,119 I'll party with you anytime. 512 00:35:56,280 --> 00:35:59,318 Okay, if we're gonna sell 15 percent of the company now... 513 00:35:59,480 --> 00:36:01,870 we should talk about our options moving forward. 514 00:36:02,040 --> 00:36:03,952 Yes, we should. 515 00:36:37,880 --> 00:36:39,473 Michael Connor? 516 00:36:41,320 --> 00:36:44,757 Uh... Yes. I'm... I'm sorry. Have we, um...? 517 00:36:44,920 --> 00:36:45,956 No. Uh... 518 00:36:46,120 --> 00:36:47,349 Samantha Ryan. 519 00:36:47,520 --> 00:36:48,636 U.S. Attorney's Office. 520 00:36:48,800 --> 00:36:50,280 Oh, really? 521 00:36:50,440 --> 00:36:53,433 Well, I was just hoping we could have a brief chat. 522 00:36:53,920 --> 00:36:55,400 Sure. 523 00:36:55,560 --> 00:36:58,598 My idea of a perfect summer's afternoon. 524 00:36:58,760 --> 00:37:01,150 Brief chat with a long-legged woman... 525 00:37:01,360 --> 00:37:03,636 who might even be working for the FBI. 526 00:37:03,800 --> 00:37:05,280 How thrilling. 527 00:37:05,440 --> 00:37:07,033 I did not say FBI. 528 00:37:07,240 --> 00:37:09,675 And I'm not interested in you. 529 00:37:09,960 --> 00:37:13,192 Oh. How very disappointing. 530 00:37:14,080 --> 00:37:16,959 I'm interested in one of your clients, Benji Akers. 531 00:37:19,040 --> 00:37:21,680 Yeah, not sure how I can help you with that. 532 00:37:21,880 --> 00:37:24,998 My relationship with my clients is strictly confidential. 533 00:37:25,160 --> 00:37:27,470 Of course, but these hedge fund guys... 534 00:37:27,680 --> 00:37:30,957 they always seem to have some way to stay out of trouble... 535 00:37:31,120 --> 00:37:33,555 but they need someone like you from the big bank. 536 00:37:33,720 --> 00:37:37,919 Now, you have regulations and Compliance breathing down your throat. 537 00:37:38,080 --> 00:37:39,992 So if someone's gonna take the fall... 538 00:37:40,160 --> 00:37:44,040 it seems to me it's gonna be you. Not Benji Akers. 539 00:37:44,240 --> 00:37:46,197 Take the fall for what? 540 00:37:46,360 --> 00:37:47,589 Could be anything. 541 00:37:47,760 --> 00:37:50,400 Merger last spring where some investors... 542 00:37:50,560 --> 00:37:54,440 got a memo prematurely, or a couple of rogue trades... 543 00:37:54,600 --> 00:37:57,638 - ...that Compliance flags as irregular. - Ha-ha-ha. 544 00:37:58,000 --> 00:37:59,798 You have nothing on me, do you? 545 00:38:00,000 --> 00:38:01,400 How do you know that? 546 00:38:02,880 --> 00:38:04,917 Oh, this has been lovely. 547 00:38:05,080 --> 00:38:08,551 But why don't you call me... 548 00:38:08,760 --> 00:38:12,436 when you have just a little bit more leverage? 549 00:38:12,640 --> 00:38:14,711 Is that a challenge? 550 00:38:16,000 --> 00:38:17,150 If you like. 551 00:38:38,160 --> 00:38:40,038 Marin? Hi. 552 00:38:40,200 --> 00:38:41,919 I'm Naomi Bishop. 553 00:38:42,080 --> 00:38:43,833 I... I'm heading the IPO. 554 00:38:44,000 --> 00:38:45,275 - Yeah, I know. - Okay. 555 00:38:45,440 --> 00:38:49,229 Uh, I wanted to talk to you in the office. They said you were leaving for the day. 556 00:38:50,480 --> 00:38:52,915 You guys talk to every single employee? 557 00:38:53,080 --> 00:38:55,754 You seem particularly interested in our process. 558 00:38:55,920 --> 00:38:57,718 In my experience, that usually means... 559 00:38:57,880 --> 00:39:00,315 you have something you want to say to us. 560 00:39:03,600 --> 00:39:04,716 All right. 561 00:39:04,880 --> 00:39:07,349 What happens when Cachet gets hacked? 562 00:39:07,520 --> 00:39:11,230 Hacked? It's anonymized and encrypted at every level. 563 00:39:11,400 --> 00:39:13,437 Yeah, you haven't met my ex. 564 00:39:13,600 --> 00:39:16,069 We were beta testing. It was actually kind of helpful. 565 00:39:16,240 --> 00:39:18,880 We plugged all the holes, but... He'll keep trying. 566 00:39:19,080 --> 00:39:22,517 - There will probably be others. - Others? What do you mean? 567 00:39:22,680 --> 00:39:24,637 What do you mean what do I mean? 568 00:39:24,840 --> 00:39:27,480 That's what we do for a challenge. 569 00:39:27,640 --> 00:39:29,996 The naked photos, who knows? 570 00:39:30,160 --> 00:39:32,755 All right, it's called a man-in-the-middle attack. 571 00:39:32,920 --> 00:39:36,630 So users want to be able to access the network on multiple devices, obviously. 572 00:39:36,800 --> 00:39:39,031 But that opens up the possibility of somebody... 573 00:39:39,200 --> 00:39:41,032 implanting malware on the key server. 574 00:39:41,200 --> 00:39:44,159 Uh, does Ed know about this? 575 00:39:44,360 --> 00:39:48,070 Yeah, I tried to tell him, and he said that I was paranoid. 576 00:39:48,280 --> 00:39:52,160 Funny, when a company built on paranoia thinks that I'm the one who's paranoid. 577 00:39:52,320 --> 00:39:56,280 He's a total prick. I'm the best coder, and he treats me like I don't exist... 578 00:39:56,440 --> 00:39:58,671 and dismisses everything that I have to say. 579 00:39:58,840 --> 00:40:01,435 I cannot work at this company anymore. I need to sell my shares. 580 00:40:01,600 --> 00:40:03,000 - Okay. - Help me do that? 581 00:40:03,160 --> 00:40:05,117 No. No, I don't do that. 582 00:40:05,280 --> 00:40:08,557 I don't think you understand. I have other stuff I can do with my time. 583 00:40:08,760 --> 00:40:11,639 I'm planning on starting a hacker space. We're just waiting on... 584 00:40:11,840 --> 00:40:13,354 I got to go. This is useless. 585 00:40:19,840 --> 00:40:22,514 - They're going public very soon. - I heard that's a rumor. 586 00:40:22,680 --> 00:40:25,593 - Yeah. - Have you always wanted to be CEO? 587 00:40:25,760 --> 00:40:27,513 - I would want to be CEO. - No, actually. 588 00:40:27,680 --> 00:40:31,230 - Really? - I don't know. I mean... 589 00:40:31,400 --> 00:40:34,791 I can always use more high tops. 590 00:40:34,960 --> 00:40:36,314 - Well, yeah. Ha, ha. - Everyone needs... 591 00:40:36,480 --> 00:40:40,315 - That's not what I would buy. - Tasmanian sea trout? 592 00:40:40,480 --> 00:40:42,073 Yummy. 593 00:40:43,000 --> 00:40:44,036 Hi, Naomi. 594 00:40:44,200 --> 00:40:45,350 Hello, Edward. 595 00:40:45,520 --> 00:40:47,273 - Take a seat. - Thank you. 596 00:40:49,000 --> 00:40:50,514 Ed... 597 00:40:50,680 --> 00:40:53,991 are you ready to be the rock star of this road show? 598 00:40:54,160 --> 00:40:56,550 Because people, they're gonna want to tear... 599 00:40:56,760 --> 00:40:58,831 this hoodie off of you. 600 00:41:00,800 --> 00:41:01,836 Oh, yeah. 601 00:41:02,000 --> 00:41:04,469 I just wanted to make sure that we're in good shape... 602 00:41:04,640 --> 00:41:08,680 - ...before I take off for New York. - Oh. I'm in very good shape. 603 00:41:08,840 --> 00:41:10,911 Excellent. 604 00:41:11,080 --> 00:41:14,357 I just have one question for you. It's probably not a big deal... 605 00:41:14,520 --> 00:41:17,479 but something did come up during due diligence. 606 00:41:17,640 --> 00:41:22,920 A rumor started that your network, as encrypted as it is... 607 00:41:23,160 --> 00:41:25,994 might be vulnerable still to a certain kind of hacker. 608 00:41:26,160 --> 00:41:28,197 - Sounds like you met Marin. - Yes, actually. 609 00:41:28,360 --> 00:41:30,352 And I was interviewing employees and... 610 00:41:30,520 --> 00:41:33,194 Unfortunately, our business can attract some colorful characters. 611 00:41:33,360 --> 00:41:34,760 Right. 612 00:41:35,280 --> 00:41:37,715 But you need to make sure that your employees... 613 00:41:37,880 --> 00:41:39,917 are as much a firewall as your code. 614 00:41:42,200 --> 00:41:43,680 Look. 615 00:41:44,600 --> 00:41:46,717 I can promise you we've never been hacked. 616 00:41:46,880 --> 00:41:48,155 Okay. 617 00:41:48,320 --> 00:41:50,630 In theory, there's a back door to everything. 618 00:41:50,800 --> 00:41:52,792 But we stay one step ahead. 619 00:41:53,880 --> 00:41:55,553 That's the game. 620 00:41:57,280 --> 00:41:58,634 Good. 621 00:41:58,840 --> 00:42:00,877 That's what I wanted to hear. 622 00:42:01,080 --> 00:42:05,154 Well, you two enjoy your dinner, and... 623 00:42:05,320 --> 00:42:07,232 it's on me. 624 00:42:12,400 --> 00:42:13,914 I should go. 625 00:42:14,080 --> 00:42:16,470 - This was fun. I'll call you tomorrow. - Sure. 626 00:42:17,600 --> 00:42:19,910 Naomi? 627 00:42:20,080 --> 00:42:21,912 Do you need me to look into this? 628 00:42:22,080 --> 00:42:24,276 I can totally take care of things here. 629 00:42:24,440 --> 00:42:26,909 Well, you seem to be taking care of Ed. 630 00:42:28,760 --> 00:42:31,036 I'm just trying to preserve the relationship. 631 00:42:31,200 --> 00:42:33,351 Okay, good. So maybe you can find a way... 632 00:42:33,520 --> 00:42:39,437 to get him to sign an indemnity clause, because if there is any vulnerability... 633 00:42:39,600 --> 00:42:42,798 for our investors here, we cannot be liable. 634 00:42:43,840 --> 00:42:44,910 I'll handle it. 635 00:42:45,120 --> 00:42:47,874 When Ed hits on you, which he may have already... 636 00:42:48,080 --> 00:42:50,390 whatever you do with that, that's your business. 637 00:42:50,560 --> 00:42:56,272 But you have to handle him professionally and very, very gently. 638 00:42:56,440 --> 00:42:57,954 Okay? 639 00:42:58,680 --> 00:43:00,239 Yeah. 640 00:43:00,400 --> 00:43:01,800 I know how this works. 641 00:43:02,320 --> 00:43:04,471 Good. Excellent. 642 00:43:07,840 --> 00:43:08,910 Nice dress. 643 00:43:37,280 --> 00:43:39,840 What the fuck happened this time? 644 00:43:40,000 --> 00:43:42,310 - What do you mean? - I got a call from Ed. 645 00:43:42,480 --> 00:43:45,393 It appears you've managed to rub him the wrong way. 646 00:43:45,600 --> 00:43:48,399 I... I was doing my due diligence. 647 00:43:48,600 --> 00:43:50,478 You can't push too hard. 648 00:43:50,640 --> 00:43:53,235 Cachet provided you with all the necessary documents. 649 00:43:53,440 --> 00:43:54,635 - Well... - Ed feels... 650 00:43:54,800 --> 00:43:56,996 like you lack confidence in his IPO! 651 00:43:57,160 --> 00:44:00,437 No one wants to be told they have an ugly baby! 652 00:44:00,600 --> 00:44:02,319 What is the fucking problem? 653 00:44:02,480 --> 00:44:03,880 There is no problem. 654 00:44:04,040 --> 00:44:05,713 It's a beautiful fucking baby... 655 00:44:05,880 --> 00:44:08,349 and I have absolute confidence in this IPO. 656 00:44:09,200 --> 00:44:10,350 Terrific. 657 00:44:10,520 --> 00:44:12,398 Great. So are we done here? 658 00:44:12,560 --> 00:44:14,438 Because I've got a road show to launch. 659 00:44:14,600 --> 00:44:15,954 - You pissed off Ed. - Wait. 660 00:44:16,680 --> 00:44:18,273 - I pissed off Ed? - What happened? 661 00:44:18,440 --> 00:44:21,558 I told you you have to treat a guy like that very, very gently. 662 00:44:22,360 --> 00:44:25,671 What happened was I got him to sign the indemnity clause. 663 00:44:27,840 --> 00:44:29,240 Wait. 664 00:44:30,840 --> 00:44:32,479 - You did? - Yeah... 665 00:44:32,640 --> 00:44:35,678 because I handled him very, very gently. 666 00:44:37,320 --> 00:44:38,720 Well... 667 00:44:39,920 --> 00:44:40,956 good work. 668 00:44:43,640 --> 00:44:45,279 Thank you. 669 00:44:53,240 --> 00:44:57,234 Cachet is not a social network with privacy settings. 670 00:44:57,840 --> 00:45:01,629 We're a privacy company that can build a social network. 671 00:45:01,840 --> 00:45:03,513 You guys want in on this now. 672 00:45:03,720 --> 00:45:06,235 I know the experts are impressed by your encryption... 673 00:45:06,400 --> 00:45:09,120 but what if I'm a hacker and I break into your server? 674 00:45:09,280 --> 00:45:11,397 Well, that's why we use end-to-end encryption. 675 00:45:11,600 --> 00:45:13,751 Unencrypted content is never on the server. 676 00:45:13,920 --> 00:45:16,958 - Don't forget about ephemeral storage. - This thing's gonna explode. 677 00:45:17,120 --> 00:45:20,238 - You want to get in now. - Dude, my dad keeps texting me. 678 00:45:20,440 --> 00:45:21,760 - He wants a piece of Cachet. - Heh. 679 00:45:24,080 --> 00:45:26,914 We're here to talk about human connection in the digital age. 680 00:45:27,120 --> 00:45:28,679 People crave this connection. 681 00:45:28,840 --> 00:45:31,514 But they don't want Big Brother tracking their every move. 682 00:45:31,680 --> 00:45:34,115 They don't want the NSA monitoring pictures of their kids. 683 00:45:34,440 --> 00:45:35,556 That's where we come in. 684 00:45:35,720 --> 00:45:37,951 Hey, do any of the hotels in London have pools? 685 00:45:38,120 --> 00:45:39,713 I'll find us a pool, hold on. 686 00:45:39,920 --> 00:45:42,435 - Last time in London, I was wasted. - Yeah, I remember. 687 00:45:42,600 --> 00:45:44,478 Trying to do your accent for that chick. 688 00:45:44,640 --> 00:45:46,518 I'm gonna be someone's American boy. 689 00:45:47,800 --> 00:45:51,635 You know as well as I do social media has overtaken the world. 690 00:45:51,800 --> 00:45:55,350 There's Facebook, there's Instagram, there's Snapchat, there's Twitter... 691 00:45:55,560 --> 00:45:57,472 and if you are anything like me... 692 00:45:57,640 --> 00:45:59,996 privacy is the most important thing. 693 00:46:00,160 --> 00:46:02,629 Knowing that nobody can get that information about you. 694 00:46:02,800 --> 00:46:05,076 - That's the word. Security and safety. - All right. 695 00:46:05,280 --> 00:46:07,875 - Yo, we should rent a car. - Are we not getting cars? 696 00:46:08,040 --> 00:46:09,269 I'm thinking Ferrari, man. 697 00:46:09,440 --> 00:46:11,193 Yeah, do that, see what Naomi says. 698 00:46:12,480 --> 00:46:14,631 Coming in on your left here, pal. 699 00:46:14,800 --> 00:46:16,439 Gonna want to get in on this early. 700 00:46:16,600 --> 00:46:19,069 Oh, my God, thank you so much. That's so sweet. 701 00:46:19,240 --> 00:46:21,118 This is the genius of Cachet. 702 00:46:21,280 --> 00:46:24,239 They allow you to engage in that social media world... 703 00:46:24,400 --> 00:46:26,960 but it is locked down. It is airtight. 704 00:46:27,120 --> 00:46:29,077 Big smiles. We're gonna make a lot of money. 705 00:46:45,200 --> 00:46:46,998 Hey, Bankerchick. Welcome home. 706 00:46:47,200 --> 00:46:48,759 If you're done with room service... 707 00:46:48,920 --> 00:46:51,515 how does homemade truffle pasta sound? 708 00:48:20,720 --> 00:48:23,315 Hey, how'd we do with the wiretap? 709 00:48:23,480 --> 00:48:26,200 Okay. Keep me posted. 710 00:48:26,360 --> 00:48:28,556 I'm gonna get these fuckers. 711 00:48:29,120 --> 00:48:30,759 Five minutes! 712 00:48:42,880 --> 00:48:44,314 Well, hello there. 713 00:48:44,520 --> 00:48:46,477 Thank you, Mike. 714 00:48:46,640 --> 00:48:48,313 Naomi. 715 00:48:48,480 --> 00:48:50,312 John. 716 00:48:53,960 --> 00:48:55,280 So you want to play? 717 00:48:55,440 --> 00:48:56,715 Because I didn't spend all those Sundays... 718 00:48:56,880 --> 00:48:59,349 working on your swing so you just ride around in a golf cart. 719 00:48:59,520 --> 00:49:00,874 You want me to play in this? 720 00:49:01,080 --> 00:49:02,514 Oh, yeah, you'd never pass the dress code. 721 00:49:02,680 --> 00:49:05,479 Heh. Well, you can take care of that. You own the place. 722 00:49:05,640 --> 00:49:07,871 Yeah, well, yeah, I had to do something. 723 00:49:08,040 --> 00:49:10,919 And now I am bored out of my fucking mind. 724 00:49:16,400 --> 00:49:18,232 And now she's backpedaling. 725 00:49:18,400 --> 00:49:20,869 She won't give me anything concrete. 726 00:49:21,040 --> 00:49:22,520 And on paper? 727 00:49:22,680 --> 00:49:24,034 Everything looks perfect. 728 00:49:24,200 --> 00:49:27,671 Our I.T. guys at Remson tested it. They say this network is as airtight... 729 00:49:27,840 --> 00:49:31,470 - ...as anything they've ever seen. - So, what's the problem? 730 00:49:34,440 --> 00:49:40,835 There's just this nagging feeling that after Dynacorps... 731 00:49:42,080 --> 00:49:44,754 John, I just don't want to make the wrong move here. 732 00:49:44,960 --> 00:49:46,952 Well, that sounds like fear. 733 00:49:47,120 --> 00:49:49,635 And that's not the same thing as instinct. 734 00:49:51,920 --> 00:49:54,515 You know why this business is a young person's game? 735 00:49:54,720 --> 00:49:57,952 It's the lack of doubt. 736 00:49:58,120 --> 00:50:00,316 So you think I should keep it going? 737 00:50:00,480 --> 00:50:02,551 I'm not gonna tell you what to do, Naomi. 738 00:50:02,720 --> 00:50:06,031 But if the numbers check out, then it sounds like... 739 00:50:06,200 --> 00:50:09,830 what we're talking about is a rumor here. 740 00:50:10,400 --> 00:50:12,517 And rumors, they're the wild card. 741 00:50:12,680 --> 00:50:15,479 You can't control them. 742 00:50:15,640 --> 00:50:17,836 And once you let them inside your head... 743 00:50:18,000 --> 00:50:20,515 well, you're fucking lost. 744 00:50:21,760 --> 00:50:23,353 Yeah. 745 00:50:26,120 --> 00:50:28,589 God, it must be nice. 746 00:50:28,760 --> 00:50:31,992 - Not to have to give a shit anymore. - Oh. 747 00:50:32,440 --> 00:50:34,318 Well, I never gave a shit. 748 00:50:35,640 --> 00:50:36,915 Come on. 749 00:50:38,320 --> 00:50:40,391 Can I ask you a question? 750 00:50:40,560 --> 00:50:41,835 What would you have done... 751 00:50:42,000 --> 00:50:44,231 if I got pregnant when I was working for you? 752 00:50:45,560 --> 00:50:47,119 Would you have kept pushing for me? 753 00:50:47,280 --> 00:50:50,000 - Of course. - "Of course." 754 00:50:50,160 --> 00:50:52,356 What else are you gonna say? 755 00:51:04,200 --> 00:51:05,759 Woo-hoo. 756 00:51:21,120 --> 00:51:23,237 - Is everything okay? - Mm-hm. 757 00:51:23,400 --> 00:51:24,993 I'm ready now. 758 00:51:35,520 --> 00:51:37,477 Can you believe it? 759 00:51:39,200 --> 00:51:40,714 No. 760 00:51:48,760 --> 00:51:50,399 This is Erin. 761 00:51:50,800 --> 00:51:51,916 Hello? 762 00:51:52,080 --> 00:51:55,835 Hello? I can't get a signal in here. 763 00:51:56,000 --> 00:51:57,832 - Hon? - It's that woman I told you about. 764 00:51:58,000 --> 00:52:00,231 Her company might invest big in Cachet and... 765 00:52:00,400 --> 00:52:02,710 She might tell you to enjoy your ultrasound. 766 00:52:12,240 --> 00:52:14,072 Okay. 767 00:52:18,920 --> 00:52:21,640 Olives, not twist. Thank you. 768 00:52:21,800 --> 00:52:24,793 It's good to see you again. All right, take care. 769 00:52:27,640 --> 00:52:29,199 Thank you. 770 00:52:42,320 --> 00:52:43,436 Hi. 771 00:52:43,600 --> 00:52:46,957 I'm sorry, have we, um...? Have we met? 772 00:52:47,120 --> 00:52:49,715 I feel like, uh... 773 00:52:51,160 --> 00:52:52,196 Um... 774 00:52:53,840 --> 00:52:55,115 I'm not sure. 775 00:52:55,280 --> 00:52:57,351 - Sam. - Cory. Hey. 776 00:52:57,520 --> 00:53:01,230 So lovely. I feel like it was a cocktail thing downtown... 777 00:53:01,400 --> 00:53:02,595 - Yeah. - Yeah. 778 00:53:02,760 --> 00:53:04,672 Yeah, yeah, I think so. Yeah. Have a seat. 779 00:53:04,840 --> 00:53:06,399 You were talking about your work. 780 00:53:06,560 --> 00:53:10,839 And you were talking about how it's, um, wait... Titans Fund? 781 00:53:11,040 --> 00:53:12,360 - Is that...? - Titanite. 782 00:53:12,520 --> 00:53:13,874 - Yeah! Titanite! - Yeah. 783 00:53:16,480 --> 00:53:20,076 And you were talking about how it's, like, super intense. 784 00:53:20,240 --> 00:53:24,314 And how you always have to get a little something extra... 785 00:53:24,480 --> 00:53:27,075 Wait, you called it something. Um... 786 00:53:27,600 --> 00:53:29,193 What did you say? 787 00:53:29,360 --> 00:53:30,589 Edge? 788 00:53:30,760 --> 00:53:32,274 Is that right? 789 00:53:33,240 --> 00:53:35,072 Yeah. 790 00:53:36,760 --> 00:53:39,400 Exactly, yeah. I remember that vividly. 791 00:53:39,560 --> 00:53:41,916 - Yeah. - Yeah. 792 00:53:45,280 --> 00:53:48,159 Happy birthday. 793 00:53:52,880 --> 00:53:55,156 Yeah. Very cute. 794 00:53:55,320 --> 00:53:57,596 - I don't know. Looks like it's... - Ha-ha-ha. 795 00:53:57,760 --> 00:54:01,117 Looks like it could be a little soft though, huh? 796 00:54:01,520 --> 00:54:04,513 How's everything looking with the IPO schedule? 797 00:54:05,160 --> 00:54:06,674 Look solid? 798 00:54:08,120 --> 00:54:09,998 I'm working on it. 799 00:54:11,760 --> 00:54:14,878 You need a little Botox? Little... Little eye lift? Hey. 800 00:54:15,040 --> 00:54:16,474 No, it's... I know a guy. 801 00:54:16,640 --> 00:54:18,677 I'll bear that in mind. 802 00:54:20,400 --> 00:54:22,790 You remember my cousin Evan? 803 00:54:23,520 --> 00:54:26,911 - PJ Ellis? - Well, not anymore. 804 00:54:27,080 --> 00:54:29,276 After 30 years, yeah. 805 00:54:29,440 --> 00:54:32,638 Didn't make the numbers, so they pushed him out. 806 00:54:33,880 --> 00:54:35,633 Thirty years, huh? 807 00:54:35,800 --> 00:54:37,598 Fuck. 808 00:54:37,760 --> 00:54:39,672 Yeah. Now he's knocking on my door. 809 00:54:39,880 --> 00:54:41,394 Like I'm gonna hire him. 810 00:54:42,800 --> 00:54:46,555 Fucking tragedy. Nurse! 811 00:54:46,960 --> 00:54:49,634 Ha-ha-ha. That's amazing. 812 00:54:49,800 --> 00:54:53,350 I can't even, like, balance my own checkbook. 813 00:54:56,960 --> 00:54:58,838 It's very simple when you think about it. 814 00:54:59,000 --> 00:55:00,070 - Just math. - I know. 815 00:55:00,240 --> 00:55:02,038 What's wrong with me? No, I remember... 816 00:55:02,200 --> 00:55:05,910 last time you were telling me about, um, you... 817 00:55:06,080 --> 00:55:07,992 Your work and, uh... Oh, yes! 818 00:55:08,200 --> 00:55:11,398 You did this clinical trial or something. 819 00:55:11,560 --> 00:55:13,552 - I don't remember the details. - We talked about that? 820 00:55:13,720 --> 00:55:15,234 Yes. 821 00:55:15,400 --> 00:55:17,198 We were a little loose-lipped... 822 00:55:17,360 --> 00:55:18,953 - ...if you know what I mean. - Oopsie. 823 00:55:23,680 --> 00:55:27,151 But no, yeah. You were telling me how you talked to the scientist... 824 00:55:27,320 --> 00:55:29,551 - ...and everything and... - Yeah. 825 00:55:29,760 --> 00:55:33,310 I remember it because, um, it was about MS... 826 00:55:33,480 --> 00:55:35,437 and my mom has that. 827 00:55:35,720 --> 00:55:37,518 Oh, yeah, no, I remember, yeah. 828 00:55:37,680 --> 00:55:39,114 Sorry, yeah. 829 00:55:39,280 --> 00:55:40,760 Yeah, um... 830 00:55:40,920 --> 00:55:44,038 And the scientist, he was some big deal. 831 00:55:44,200 --> 00:55:46,715 I'd read about him. Doctor... 832 00:55:46,880 --> 00:55:49,076 - Dr. S... - Uh, Dr. Sobel. 833 00:55:49,280 --> 00:55:51,192 - Yes. - Yeah. 834 00:55:51,360 --> 00:55:52,874 - Dr. Sobel. - Right. 835 00:55:53,040 --> 00:55:54,872 - Sobel. - He told you. 836 00:55:55,080 --> 00:55:56,958 And that's how you got the edge. 837 00:55:58,480 --> 00:55:59,596 Shh. 838 00:56:01,040 --> 00:56:03,032 Shh. 839 00:56:05,520 --> 00:56:07,512 - You have to call me. - Yeah, I sure do. 840 00:56:08,480 --> 00:56:11,279 - Promise? - Yeah, I promise. 841 00:56:19,880 --> 00:56:22,998 Teddy, hey. I'm just seeing these last-minute bids. 842 00:56:23,160 --> 00:56:24,230 What else we got? 843 00:56:24,440 --> 00:56:26,830 Xandos and Redding are upping the orders. 844 00:56:27,000 --> 00:56:28,912 This thing is getting hot. Good work. 845 00:56:29,080 --> 00:56:31,037 Keep them coming. 846 00:56:33,480 --> 00:56:35,949 - Thank you, Gloria. - Do you need anything else? 847 00:56:36,160 --> 00:56:38,436 No, I'm good, thank you. 848 00:56:38,600 --> 00:56:40,398 Is everything okay? 849 00:56:40,560 --> 00:56:42,552 Of course. 850 00:56:45,200 --> 00:56:48,034 You know, I think I'm gonna finish up at home. 851 00:56:48,200 --> 00:56:49,839 Good night. 852 00:57:17,680 --> 00:57:20,275 Go, go, go. 853 00:57:41,040 --> 00:57:42,520 Fuck. 854 00:57:47,000 --> 00:57:48,229 Naomi, it's Erin. 855 00:57:48,440 --> 00:57:50,909 Call me when you get this. It's important. 856 00:57:55,240 --> 00:57:57,038 - Hi. - Hey. 857 00:57:57,240 --> 00:57:58,913 Did you get in okay? 858 00:58:00,280 --> 00:58:01,600 Yeah. 859 00:58:02,440 --> 00:58:04,079 We need to talk about that e-mail. 860 00:58:05,520 --> 00:58:07,239 - Do you ever relax? - Heh. 861 00:58:07,880 --> 00:58:09,360 - Have a drink. - I'd love to. 862 00:58:09,520 --> 00:58:11,796 But there are a million things going on tomorrow. 863 00:58:11,960 --> 00:58:16,352 - And... - This place does an amazing martini. 864 00:58:16,520 --> 00:58:18,955 - Uh, Ed? - Mm. 865 00:58:19,120 --> 00:58:21,430 We've got to keep our eye on the ball here. 866 00:58:21,640 --> 00:58:23,120 Yeah. 867 00:58:36,840 --> 00:58:41,039 Listen, those personnel changes that you were referring to... 868 00:58:41,240 --> 00:58:44,597 Come on, Erin. You're what, a VP? 869 00:58:44,760 --> 00:58:48,993 If I really want to talk business, I'll call Naomi. 870 00:58:55,360 --> 00:58:57,317 - Erin. - Excuse me. 871 00:58:58,560 --> 00:59:00,074 Come on. 872 00:59:21,440 --> 00:59:23,477 Where the fuck is she? 873 00:59:27,760 --> 00:59:30,400 More? Okay. 874 00:59:32,040 --> 00:59:33,554 One. 875 00:59:33,720 --> 00:59:35,154 Harder, one. 876 00:59:35,320 --> 00:59:36,356 One. 877 00:59:42,280 --> 00:59:44,192 You know, we're gonna change it up. 878 00:59:45,200 --> 00:59:47,237 Greene and Broome. 879 00:59:52,640 --> 00:59:54,279 - Hi. - Hey. 880 00:59:54,480 --> 00:59:58,315 I'm sorry, so sorry, to bother you. I'm just wondering if Naomi is here. 881 00:59:58,480 --> 01:00:01,473 Uh, no. No, she's not. No. 882 01:00:01,640 --> 01:00:04,314 Yeah, sorry. Just something came up at work. 883 01:00:04,480 --> 01:00:07,314 I couldn't get ahold of her, so I thought maybe... 884 01:00:07,480 --> 01:00:08,675 She's not at her place? 885 01:00:08,880 --> 01:00:10,280 No. 886 01:00:11,360 --> 01:00:13,556 I'm sorry for showing up here like this. 887 01:00:13,720 --> 01:00:14,915 No, no, no. 888 01:00:15,080 --> 01:00:16,116 It's... 889 01:00:16,280 --> 01:00:18,351 Hey, it's fine. 890 01:00:19,040 --> 01:00:21,999 Uh, I was just about to have a glass of wine. 891 01:00:24,160 --> 01:00:25,150 Want one? 892 01:00:26,360 --> 01:00:28,033 - Really? - Yeah. 893 01:00:28,200 --> 01:00:30,669 - Well, come on, come in. - I don't want to interru... 894 01:00:31,520 --> 01:00:33,591 Please, come on in. 895 01:00:34,640 --> 01:00:36,040 Okay. 896 01:00:36,200 --> 01:00:37,680 Thanks. 897 01:00:44,360 --> 01:00:45,840 Your kids? 898 01:00:47,240 --> 01:00:49,596 Yeah, spoiled little shits. 899 01:00:49,760 --> 01:00:54,277 I think they only come to visit me to pick up their allowances... 900 01:00:54,440 --> 01:00:56,079 and piss off my ex. 901 01:01:01,760 --> 01:01:03,114 I won't stay long. 902 01:01:05,040 --> 01:01:07,509 Oh, don't worry. I'm not gonna ask you where else... 903 01:01:07,720 --> 01:01:09,712 you think she might spend her nights. 904 01:01:10,560 --> 01:01:12,119 We're all grown-ups here. 905 01:01:18,520 --> 01:01:20,113 This is nice. 906 01:01:21,040 --> 01:01:23,760 You said you were having trouble at work, huh? 907 01:01:23,920 --> 01:01:26,560 - With Cachet? - Yeah. 908 01:01:26,720 --> 01:01:28,951 It's just that... 909 01:01:29,160 --> 01:01:30,879 I actually can't get into it. 910 01:01:31,080 --> 01:01:32,400 No, no, no, of course. 911 01:01:32,560 --> 01:01:34,313 But if you wanted to talk about it... 912 01:01:34,480 --> 01:01:36,949 talk it through, you know, you could always use... 913 01:01:37,120 --> 01:01:40,192 hypotheticals, you know? And Naomi did mention that... 914 01:01:40,360 --> 01:01:43,797 she'd hit some kind of snag with due diligence. 915 01:01:45,760 --> 01:01:46,989 Naomi said that? 916 01:01:47,160 --> 01:01:48,514 Yeah. 917 01:01:48,720 --> 01:01:51,315 Well, she didn't go into details, obviously. 918 01:01:51,520 --> 01:01:55,070 You know, we like to think that it's, uh... 919 01:01:55,240 --> 01:01:58,916 It's helpful, you know, talk things through, find a... 920 01:01:59,080 --> 01:02:00,594 different perspective. 921 01:02:00,760 --> 01:02:04,913 You're telling me Naomi brings you across the wall? 922 01:02:05,080 --> 01:02:07,276 Not officially, no. 923 01:02:09,280 --> 01:02:11,476 Come on, sit down. Those shoes must be killing you. 924 01:02:14,680 --> 01:02:16,751 You're quite the gentleman. 925 01:02:16,960 --> 01:02:20,670 But, you know, Naomi told me you always have an agenda. 926 01:02:21,200 --> 01:02:25,558 Yes, well... She would. Heh. 927 01:02:29,040 --> 01:02:35,355 You know, Erin, everyone has an agenda. 928 01:02:37,280 --> 01:02:38,873 You're trying to make promotion. 929 01:02:39,040 --> 01:02:41,271 You know that. I know that. 930 01:02:41,520 --> 01:02:45,799 You do good work. You kiss up to Naomi. 931 01:02:46,000 --> 01:02:50,040 And then you keep hoping that this year... 932 01:02:50,240 --> 01:02:53,119 will be the one. 933 01:02:53,280 --> 01:02:57,991 And if it's not the one, then eventually... 934 01:02:58,160 --> 01:03:02,871 you have to start thinking about other avenues. 935 01:03:04,600 --> 01:03:06,637 You seem to think I'm gonna be giving you... 936 01:03:06,840 --> 01:03:09,309 some information about my IPO. 937 01:03:09,480 --> 01:03:11,836 We both know how... 938 01:03:12,040 --> 01:03:14,316 How these things happen. 939 01:03:16,200 --> 01:03:20,592 You know, Erin, I've been working at Remson a very long time. 940 01:03:20,760 --> 01:03:23,992 It might surprise you, but... 941 01:03:24,160 --> 01:03:27,836 people there respect my opinion. 942 01:03:54,680 --> 01:03:57,115 - Hi. - I just got your messages. 943 01:03:57,280 --> 01:03:58,760 What kind of problem do we have? 944 01:03:58,920 --> 01:04:02,470 Naomi, can you just hang on... Hang on a sec. 945 01:04:02,640 --> 01:04:04,552 - Erin. - Hold on. 946 01:04:04,720 --> 01:04:05,870 "Hold on"? 947 01:04:06,040 --> 01:04:08,236 Don't tell me to hold on. I'm your boss. 948 01:04:08,400 --> 01:04:11,234 What the hell happened this time? 949 01:04:11,800 --> 01:04:14,031 Wait, are you still with Ed? 950 01:04:14,240 --> 01:04:15,879 No. 951 01:04:16,080 --> 01:04:17,753 I'm at my place. 952 01:04:18,760 --> 01:04:20,717 Okay, so... 953 01:04:22,320 --> 01:04:26,314 Erin, I need to know what's going on here. 954 01:04:28,560 --> 01:04:30,552 Yeah, sorry. 955 01:04:33,080 --> 01:04:35,959 Yeah, so Ed did let go of a few people last week. 956 01:04:36,120 --> 01:04:38,351 Yes, that was the recommendation. 957 01:04:38,560 --> 01:04:40,074 And? 958 01:04:40,240 --> 01:04:43,199 I know, but one of them was Marin. 959 01:04:44,960 --> 01:04:47,031 Are you fucking kidding me? 960 01:04:47,200 --> 01:04:50,750 She is a liability if she starts making claims about holes in the network. 961 01:04:50,920 --> 01:04:53,560 I know. Look, I got her number here. 962 01:04:55,840 --> 01:04:56,956 Marin Gold. 963 01:04:57,160 --> 01:04:58,913 Okay, hang on. 964 01:04:59,120 --> 01:05:00,395 Go. 965 01:05:00,560 --> 01:05:06,750 415-555-0192. 966 01:05:06,960 --> 01:05:08,679 Got it. 967 01:05:23,160 --> 01:05:27,234 Well, Erin, hasn't this been lovely? 968 01:05:29,400 --> 01:05:31,119 What are you gonna do? 969 01:05:34,600 --> 01:05:36,512 With what? 970 01:05:36,680 --> 01:05:37,796 You fired Marin? Now? 971 01:05:37,960 --> 01:05:39,235 Look, it wasn't my call. 972 01:05:39,400 --> 01:05:40,800 Everything is your call. 973 01:05:40,960 --> 01:05:42,599 But we've got it under control. 974 01:05:42,760 --> 01:05:46,231 She got a very nice severance and Legal had her sign all kinds of shit. 975 01:05:46,400 --> 01:05:48,312 Ed, I am extremely concerned about this. 976 01:05:48,480 --> 01:05:51,314 - I wish you had consulted me before... - Hey, Naomi, news flash: 977 01:05:51,480 --> 01:05:52,880 I don't work for you. 978 01:05:54,000 --> 01:05:55,912 - I'm... - Let me tell you something. 979 01:05:56,080 --> 01:05:58,754 These doubts and second-guessing, I'm getting tired of it. 980 01:05:58,920 --> 01:06:02,152 - We've got orders pouring in? - Yeah, because I've been doing my job. 981 01:06:02,320 --> 01:06:04,676 But it is also my job to be thorough. 982 01:06:05,120 --> 01:06:06,315 Oh, yeah? 983 01:06:06,520 --> 01:06:09,080 - I thought it was your job to be inspiring. - You know, Ed... 984 01:06:14,080 --> 01:06:15,639 All right, hungry? 985 01:06:15,800 --> 01:06:17,154 Let's go. 986 01:07:22,240 --> 01:07:23,913 Where you been? 987 01:07:24,080 --> 01:07:26,311 Sorry, something came up at work. 988 01:08:12,720 --> 01:08:13,756 Hello. 989 01:08:13,920 --> 01:08:15,639 Fuck you! 990 01:08:15,800 --> 01:08:17,314 This must be Cory. 991 01:08:17,480 --> 01:08:18,550 I Googled you! 992 01:08:18,720 --> 01:08:20,040 Of course you did. 993 01:08:20,240 --> 01:08:22,038 You're a fucking prosecutor? 994 01:08:22,240 --> 01:08:25,358 I'm eager to hear more about your contact with Dr. Sobel. 995 01:08:25,520 --> 01:08:29,799 - You can talk to my lawyer! - I look forward to it. 996 01:08:48,200 --> 01:08:50,351 We both know your client crossed a line. 997 01:08:50,560 --> 01:08:53,155 Heh. Would you look at him? 998 01:08:53,320 --> 01:08:55,516 He works 80 hours a week. 999 01:08:55,680 --> 01:08:58,878 He's a dad, raises money for leukemia research. 1000 01:08:59,040 --> 01:09:00,235 - I mean... - Oh, I'm sorry. 1001 01:09:00,400 --> 01:09:02,790 Does he plant daffodils too? 1002 01:09:02,960 --> 01:09:05,714 Well, he's got no history. 1003 01:09:05,880 --> 01:09:08,714 He's never been flagged by you guys or the SEC. 1004 01:09:09,520 --> 01:09:11,398 Are you saying he doesn't know any better? 1005 01:09:12,080 --> 01:09:15,756 I have 6-year-old twins who know better. 1006 01:09:16,920 --> 01:09:22,712 When you, your boss and your friends decide to sabotage a company... 1007 01:09:22,920 --> 01:09:25,196 when you have information that Joe Investor... 1008 01:09:25,360 --> 01:09:29,036 couldn't possibly have, and you use that information... 1009 01:09:29,200 --> 01:09:35,117 to profit while Joe Investor loses 65 percent of his retirement fund... 1010 01:09:35,280 --> 01:09:38,751 - ...you know better. - Are you gonna charge my client or not? 1011 01:09:38,920 --> 01:09:40,877 That depends. 1012 01:09:41,920 --> 01:09:43,673 He's not the one you want. 1013 01:09:43,840 --> 01:09:46,036 There are bigger fish at Titanite. 1014 01:09:46,240 --> 01:09:47,435 That's the point. 1015 01:09:47,600 --> 01:09:49,671 And he's willing to cooperate? 1016 01:09:54,360 --> 01:09:57,637 I'd like to thank you all for your patience as we've been processing... 1017 01:09:57,800 --> 01:10:01,237 this tremendous surge in orders from institutional investors. 1018 01:10:01,400 --> 01:10:05,189 Our book is closed, and we have our offering price. 1019 01:10:05,360 --> 01:10:06,396 Thirty-five. 1020 01:10:07,640 --> 01:10:09,836 We just raised $250 million? 1021 01:10:10,000 --> 01:10:11,957 Congratulations. 1022 01:10:12,880 --> 01:10:16,715 We'll see how the market trades tomorrow, but I feel very confident. 1023 01:10:17,920 --> 01:10:19,877 - Great, great. - Good work. 1024 01:10:23,520 --> 01:10:24,874 Hm? 1025 01:10:28,400 --> 01:10:30,437 Where did you get that pen? 1026 01:10:32,240 --> 01:10:33,594 I don't know. 1027 01:10:54,440 --> 01:10:56,397 Big pain in the ass. 1028 01:10:56,600 --> 01:10:57,875 - Hey. - Hey. 1029 01:10:58,840 --> 01:11:02,754 Cory and I were taking bets on how much you'd spend on my birthday present. 1030 01:11:03,120 --> 01:11:04,952 To many more. 1031 01:11:07,320 --> 01:11:08,913 Nice. 1032 01:11:12,560 --> 01:11:13,789 What are you drinking? 1033 01:11:13,960 --> 01:11:15,280 Like a porcupine? 1034 01:11:15,440 --> 01:11:18,433 Hedgehog, but cute, fuzzy. Get it? 1035 01:11:18,600 --> 01:11:20,114 Hedge fund, money hog. 1036 01:11:20,280 --> 01:11:22,954 - It's a... - Yeah, I get it. And Benji took it with him? 1037 01:11:23,120 --> 01:11:26,477 - Yep. - So what does the hedgehog mean? 1038 01:11:26,640 --> 01:11:29,553 I don't know what it means. It's a hedgehog. 1039 01:11:29,760 --> 01:11:31,513 These guys just fuck with each other. 1040 01:11:31,720 --> 01:11:33,359 Probably doesn't mean anything. 1041 01:11:42,880 --> 01:11:44,712 So, am I done? 1042 01:11:45,000 --> 01:11:46,354 Are you fucking kidding me? 1043 01:11:47,720 --> 01:11:49,074 We own you. 1044 01:12:34,680 --> 01:12:35,830 Hello? 1045 01:12:36,000 --> 01:12:38,117 Marin, it's Naomi Bishop. 1046 01:12:38,920 --> 01:12:41,151 Do you understand what's happening here? 1047 01:12:41,320 --> 01:12:42,754 Cachet can sue you. 1048 01:12:42,960 --> 01:12:44,952 No, they said they would take care of that. 1049 01:12:45,120 --> 01:12:47,476 Who? Who did? 1050 01:12:49,440 --> 01:12:51,636 Are they paying you? 1051 01:12:54,360 --> 01:12:57,637 Marin, you need to tell me who... 1052 01:12:57,800 --> 01:12:59,234 I'm sorry, I have to go. 1053 01:12:59,400 --> 01:13:01,073 Marin. 1054 01:13:22,160 --> 01:13:23,276 Hello? 1055 01:13:23,440 --> 01:13:26,000 Get me a car to Brooklyn, South Slope. 1056 01:13:41,040 --> 01:13:42,633 Hi. I'm Naomi. 1057 01:13:42,800 --> 01:13:44,917 I'm a friend of Sam's. 1058 01:13:48,720 --> 01:13:50,439 Nice shoes. 1059 01:13:50,600 --> 01:13:52,319 Is she home? 1060 01:13:53,880 --> 01:13:55,394 Come on. I'll get her. 1061 01:13:55,560 --> 01:13:57,119 Thank you. 1062 01:14:09,200 --> 01:14:10,634 Hello there. 1063 01:14:10,840 --> 01:14:12,638 You must be... 1064 01:14:12,840 --> 01:14:16,436 Sophie and... And William, right? 1065 01:14:16,600 --> 01:14:18,432 I don't talk to strangers. 1066 01:14:18,640 --> 01:14:20,950 Oh. Right. Yeah. 1067 01:14:21,120 --> 01:14:25,558 Well, it's really your friends that'll stab you in the back, so... 1068 01:14:25,720 --> 01:14:28,110 - Hey. Uh... - Oh. 1069 01:14:28,840 --> 01:14:30,115 What's up? 1070 01:14:30,920 --> 01:14:32,434 I... 1071 01:14:33,920 --> 01:14:36,355 I want you to tell me what you know... 1072 01:14:36,960 --> 01:14:38,474 about Michael. 1073 01:14:48,480 --> 01:14:50,312 You've been investigating him? 1074 01:14:51,120 --> 01:14:52,679 I can't really comment on that. 1075 01:14:52,880 --> 01:14:55,349 Somebody leaked a rumor about my IPO. 1076 01:14:55,520 --> 01:14:57,477 We go public tomorrow, and somebody... 1077 01:14:57,680 --> 01:14:59,034 I know. 1078 01:14:59,760 --> 01:15:01,399 The tech blogger who posted the story... 1079 01:15:01,600 --> 01:15:04,911 he's an old friend of Michael's from Stanford. 1080 01:15:06,400 --> 01:15:07,993 It had to be him, right? 1081 01:15:09,400 --> 01:15:11,073 Do you think it was? 1082 01:15:13,800 --> 01:15:15,837 Look, as far as this IPO goes... 1083 01:15:16,000 --> 01:15:20,358 we have no specific link to Michael at this time. 1084 01:15:22,800 --> 01:15:24,120 Except you. 1085 01:15:25,160 --> 01:15:27,959 Wait, are you saying I gave him information? 1086 01:15:28,120 --> 01:15:29,713 I am not saying anything. 1087 01:15:31,080 --> 01:15:32,355 I should go. 1088 01:15:32,520 --> 01:15:35,035 Naomi, wait. I can help you. 1089 01:15:35,400 --> 01:15:39,519 - Okay, did Michael have access? - He did not get this from me. 1090 01:15:39,720 --> 01:15:40,915 Do you understand? 1091 01:15:41,080 --> 01:15:44,471 That is not who I am. 1092 01:15:49,280 --> 01:15:50,794 Fuck. 1093 01:15:56,440 --> 01:15:57,999 Are you tanking my IPO? 1094 01:15:58,680 --> 01:15:59,830 Should I be? 1095 01:16:03,760 --> 01:16:07,071 Don't fuck with me, Michael. Don't fuck with me now. 1096 01:16:07,240 --> 01:16:08,390 Did you leak this thing? 1097 01:16:09,280 --> 01:16:10,396 Is it true? 1098 01:16:10,560 --> 01:16:13,029 It doesn't matter if it's fucking true! 1099 01:16:13,200 --> 01:16:16,272 - You know that. Once the rumors start... - Hey, hey. 1100 01:16:16,440 --> 01:16:17,794 Start your own rumors. 1101 01:16:17,960 --> 01:16:19,519 Do you know how to play this game? 1102 01:16:19,720 --> 01:16:22,315 What the fuck is wrong with you? 1103 01:16:22,480 --> 01:16:23,880 What did you do? 1104 01:16:24,040 --> 01:16:26,430 Did you take my phone? 1105 01:16:28,520 --> 01:16:30,113 Are you wearing a wire? 1106 01:16:30,280 --> 01:16:31,794 What do you think? 1107 01:16:31,960 --> 01:16:33,872 Let's take our clothes off and find out. 1108 01:16:34,040 --> 01:16:35,793 Jesus. 1109 01:16:40,800 --> 01:16:42,996 It's all just a big game to you, isn't it? 1110 01:16:44,800 --> 01:16:46,871 What else is there? 1111 01:16:57,040 --> 01:16:59,680 Hey, listen, whatever happens tomorrow... 1112 01:17:01,320 --> 01:17:02,800 you're gonna be fine. 1113 01:17:02,960 --> 01:17:05,680 Fuck, I don't want to be fine! 1114 01:17:05,880 --> 01:17:08,236 I was never supposed to be fine! 1115 01:17:09,200 --> 01:17:12,318 I was supposed to be a motherfucking rainmaker. 1116 01:17:23,280 --> 01:17:25,237 No, that's... No, that's for PR to handle. 1117 01:17:25,400 --> 01:17:27,915 They have a long reach. So... 1118 01:17:28,120 --> 01:17:29,634 Hold... No. 1119 01:17:29,800 --> 01:17:31,234 Wait. Hold on. 1120 01:17:31,400 --> 01:17:34,234 Tell Ed not to make a public statement, okay? 1121 01:17:34,400 --> 01:17:37,677 I appreciate his enthusiasm, but just... 1122 01:17:37,880 --> 01:17:40,349 Look, wake the fuck up and call me. 1123 01:17:56,280 --> 01:17:59,034 So this is a big day for you and your shareholders. 1124 01:17:59,200 --> 01:18:01,556 - Absolutely. - Now, over the last 12 hours... 1125 01:18:01,720 --> 01:18:04,633 reports have surfaced that show hackers may be attempting... 1126 01:18:04,800 --> 01:18:06,792 to access this secure network. 1127 01:18:06,960 --> 01:18:08,952 So here's the thing. When people hear... 1128 01:18:09,160 --> 01:18:11,356 the word "hackers," they get scared. 1129 01:18:11,520 --> 01:18:14,115 We're not scared of hackers. We employ hackers. 1130 01:18:14,280 --> 01:18:15,794 - You employ hackers? - What... 1131 01:18:16,000 --> 01:18:18,595 Heh. I think what Ed means is that there's... 1132 01:18:18,760 --> 01:18:20,877 never been a security breach of our network. 1133 01:18:21,040 --> 01:18:24,078 I'd like to take this moment to personally reassure our investors. 1134 01:18:24,240 --> 01:18:28,917 This morning, I uploaded three photos to my own profile on the Cachet network. 1135 01:18:29,080 --> 01:18:33,438 These photos are of a highly personal nature, you know what I mean? 1136 01:18:33,640 --> 01:18:35,154 Never been a security breach. 1137 01:18:35,320 --> 01:18:37,596 If anyone thinks they can access my photos... 1138 01:18:37,760 --> 01:18:40,434 - ...I say go ahead, give it a try. - Well, that... 1139 01:18:40,600 --> 01:18:43,593 certainly should be compelling for the investors out there. 1140 01:18:45,080 --> 01:18:46,753 Fuck. 1141 01:19:15,920 --> 01:19:17,752 Coffee, miss? 1142 01:19:18,800 --> 01:19:21,156 Titanite accounts for the last five years. 1143 01:19:21,360 --> 01:19:24,751 Deals where someone may have known a little something extra. 1144 01:19:31,840 --> 01:19:34,799 - Hello? - Is this Samantha Ryan? 1145 01:19:34,960 --> 01:19:36,155 Yeah. Who's this? 1146 01:19:36,320 --> 01:19:38,596 Hi. It's Neera calling from Bane Recruiting. 1147 01:19:38,800 --> 01:19:41,360 I have a position that will triple your salary. 1148 01:19:41,520 --> 01:19:46,276 Yeah, I would love to hear more, but I'm gonna have to call you back. 1149 01:19:46,440 --> 01:19:47,840 Call me when you get a chance. 1150 01:19:48,000 --> 01:19:50,310 That sounds great. Thanks. 1151 01:19:52,480 --> 01:19:55,279 So? Which bank? 1152 01:19:57,960 --> 01:20:00,919 What, you never been called by a headhunter before? 1153 01:20:01,240 --> 01:20:05,393 Don't you know that's why they call this place "the departure lounge"? 1154 01:20:05,560 --> 01:20:08,075 I'm the only sucker who's been here more than a decade. 1155 01:20:08,280 --> 01:20:10,192 So why do you stay? 1156 01:20:10,720 --> 01:20:12,439 Uh... 1157 01:20:12,880 --> 01:20:15,156 Well, it ain't for the paycheck. 1158 01:20:15,920 --> 01:20:20,039 Just do me one favor before you talk to those guys, okay? 1159 01:20:21,200 --> 01:20:23,590 You've been on a trading floor, right? 1160 01:20:24,120 --> 01:20:25,634 No? 1161 01:20:26,520 --> 01:20:28,079 Honey, you got to go there. 1162 01:20:28,240 --> 01:20:30,118 You got to see what we're up against. 1163 01:20:31,440 --> 01:20:33,875 You go, you breathe it in. 1164 01:20:34,040 --> 01:20:39,274 The hunger of it, the pure American desire. 1165 01:20:39,480 --> 01:20:41,437 Five minutes before the opening bell... 1166 01:20:41,600 --> 01:20:45,037 and all anyone wants to know is where Cachet will open. 1167 01:20:45,200 --> 01:20:48,034 It is not an overstatement to say that this... 1168 01:20:48,200 --> 01:20:52,194 is one of the most highly anticipated IPOs of the year. 1169 01:20:55,640 --> 01:20:58,280 Hey, we've got FBA at 20 percent, Xandos at 10. 1170 01:20:58,440 --> 01:21:01,478 - What have we got of foreign? - Tioros for 15. China for 20. 1171 01:21:01,640 --> 01:21:04,792 - Rex Brothers is in for 20 percent. - I've got Cabreau Fund for 10. 1172 01:21:05,000 --> 01:21:06,275 - Milton Group wants 15. - Good. 1173 01:21:06,440 --> 01:21:07,954 - Gonna have Boon Portfolio in a minute. - Okay. 1174 01:21:09,280 --> 01:21:10,316 And there is the opening bell. 1175 01:21:10,480 --> 01:21:13,120 Shares of the privacy company Cachet begin trading today. 1176 01:21:13,280 --> 01:21:15,636 The question now is when they will start trading... 1177 01:21:15,800 --> 01:21:17,314 and at what price. 1178 01:21:18,000 --> 01:21:20,879 I've got a bid for 750K at 32. 1179 01:21:21,040 --> 01:21:22,110 One mil at 30. 1180 01:21:23,960 --> 01:21:25,758 - Okay, are we close? - Almost there. 1181 01:21:25,920 --> 01:21:28,310 - Let's get there. - We got Redding in for 20 percent. 1182 01:21:28,480 --> 01:21:29,960 Hey, hey, hey, wait, no. 1183 01:21:31,320 --> 01:21:33,312 - Boon is out. - What? 1184 01:21:33,480 --> 01:21:36,598 - What are you talking about? - Boon's hitting the exits. 1185 01:21:37,600 --> 01:21:39,478 Milton Ellis is pulling out too. 1186 01:21:39,640 --> 01:21:41,359 Fuck. 1187 01:21:42,640 --> 01:21:45,109 Okay. Okay. 1188 01:21:47,480 --> 01:21:50,632 Jonathan, we need to anchor this thing right now. 1189 01:21:53,160 --> 01:21:54,958 Is there a problem? 1190 01:21:56,440 --> 01:21:58,477 No. No problem. 1191 01:21:58,680 --> 01:22:01,912 - We're finishing the share allocation. - People are pissing themselves. 1192 01:22:02,080 --> 01:22:04,470 - When are we gonna open? - Any minute now. 1193 01:22:04,640 --> 01:22:06,279 What's the holdup? 1194 01:22:08,720 --> 01:22:10,154 What's our fucking price? 1195 01:22:12,400 --> 01:22:14,995 We're in the 29 to 31 range. 1196 01:22:19,000 --> 01:22:21,310 How the fuck did that happen? 1197 01:22:24,720 --> 01:22:27,189 Erin, meet me in the lobby. 1198 01:22:29,120 --> 01:22:31,157 Yeah, we need someone up here. 1199 01:22:35,640 --> 01:22:37,154 What's gonna happen up there? 1200 01:22:38,480 --> 01:22:40,790 I don't know. Hopefully the rumors will die down... 1201 01:22:40,960 --> 01:22:42,713 Did you leak this? 1202 01:22:43,680 --> 01:22:45,512 I don't know what you're talking about. 1203 01:22:45,680 --> 01:22:47,034 I know you were with Michael. 1204 01:22:47,640 --> 01:22:48,915 I was not with Michael. 1205 01:22:49,080 --> 01:22:51,595 I don't give a shit about that, okay? 1206 01:22:51,760 --> 01:22:53,752 I want to know why you sabotaged this. 1207 01:22:53,920 --> 01:22:56,992 What the fuck did you do? 1208 01:22:57,200 --> 01:22:59,715 - I didn't do anything. - Yes, you did. 1209 01:22:59,880 --> 01:23:02,600 You did, because you needed it, right? 1210 01:23:03,600 --> 01:23:05,159 You don't know what I need. 1211 01:23:19,080 --> 01:23:21,515 - Hello? - You need to look into Erin Manning... 1212 01:23:21,720 --> 01:23:23,074 my VP on this deal. 1213 01:23:23,240 --> 01:23:25,596 - Naomi? - She had contact with Michael. 1214 01:23:26,000 --> 01:23:28,515 - I will do that. - Good. 1215 01:23:35,920 --> 01:23:37,991 You hearing about this? We got to pull out. 1216 01:23:38,200 --> 01:23:39,680 Get us out of this thing now! 1217 01:23:39,840 --> 01:23:42,560 Mikey. What are you wearing? 1218 01:23:42,960 --> 01:23:44,519 Hold on. I think my Lyft is here. 1219 01:23:46,320 --> 01:23:47,674 Talk to me. 1220 01:23:47,840 --> 01:23:49,399 Where are we? 1221 01:23:50,120 --> 01:23:51,759 We're about to find out. 1222 01:23:51,960 --> 01:23:53,440 But keep me posted. 1223 01:23:53,600 --> 01:23:56,559 Hey, listen, when we're done, we should talk. 1224 01:24:03,800 --> 01:24:05,439 And there it is. 1225 01:24:05,640 --> 01:24:08,917 We have Cachet opening at $28 a share. 1226 01:24:09,080 --> 01:24:11,117 That is well down from the IPO price. 1227 01:24:11,280 --> 01:24:14,751 Cachet's investors won't be happy. I got to be honest, I don't know that... 1228 01:24:15,040 --> 01:24:16,599 Are you fucking kidding me? 1229 01:24:17,640 --> 01:24:19,632 Get the desk. They better be buying. 1230 01:24:19,800 --> 01:24:21,519 ...expecting a pop on the first day... 1231 01:24:21,680 --> 01:24:24,036 Start buying. Start buying! 1232 01:24:24,240 --> 01:24:25,913 Yes, now. 1233 01:24:33,600 --> 01:24:35,034 Oh, jeez. 1234 01:24:37,440 --> 01:24:38,954 Got no ask. 1235 01:24:39,120 --> 01:24:40,918 Where's the fucking bottom on this one? 1236 01:24:47,440 --> 01:24:49,955 Yeah, hi. I, um... I just have a quick question. 1237 01:24:50,120 --> 01:24:51,873 I want to know who the fuck thinks... 1238 01:24:52,040 --> 01:24:54,714 they're gonna make money off this train wreck. 1239 01:24:56,240 --> 01:24:58,311 I want you to wait for it. 1240 01:24:58,960 --> 01:25:01,270 I want it at 22. 1241 01:25:01,680 --> 01:25:03,399 Twenty-two? 1242 01:25:03,680 --> 01:25:04,830 Here. 1243 01:25:05,000 --> 01:25:08,437 - No. No, get that out of my face. - You haven't eaten anything all day. 1244 01:25:08,640 --> 01:25:12,077 Your concern is truly almost authentic, but I... 1245 01:25:12,240 --> 01:25:13,754 I would like one of those. 1246 01:25:13,960 --> 01:25:16,998 - Yeah. - Go. 1247 01:25:17,720 --> 01:25:20,315 Hang on. We got bids coming in. 1248 01:25:22,160 --> 01:25:24,356 Titanite is buying. 1249 01:25:25,680 --> 01:25:27,672 What the hell is...? 1250 01:25:29,080 --> 01:25:30,196 Come on, talk to me! 1251 01:25:33,560 --> 01:25:35,438 - Hey, hey, Mikey. - Hey, how are you doing? 1252 01:25:35,600 --> 01:25:37,478 Yeah, no, I'm just real proud of you. 1253 01:25:37,640 --> 01:25:39,518 - We'll make a lot of money. - You in town? 1254 01:25:39,680 --> 01:25:41,911 I'm off to the Hamptons. South. The real Hamptons. 1255 01:25:43,800 --> 01:25:45,359 Naomi? 1256 01:25:49,480 --> 01:25:50,630 What is this? 1257 01:25:51,840 --> 01:25:53,593 - That is the... - You said you wanted it. 1258 01:25:54,560 --> 01:25:56,472 How many chocolate chips are in my cookie? 1259 01:25:57,400 --> 01:26:01,189 - Um, heh. - Did anyone teach you basic math? 1260 01:26:01,560 --> 01:26:05,156 Count the fucking chips. 1261 01:26:06,200 --> 01:26:07,350 Three. 1262 01:26:07,520 --> 01:26:09,557 Three. Yes. 1263 01:26:09,720 --> 01:26:13,714 And your cookies, I saw them, and they were oozing with chocolate... 1264 01:26:13,880 --> 01:26:18,909 and my cookie has three motherfucking chips? 1265 01:26:38,400 --> 01:26:41,040 Let's look at the day that just happened. 1266 01:26:41,240 --> 01:26:44,995 Cachet, priced at a very healthy and confident $35 a share... 1267 01:26:45,160 --> 01:26:46,833 stumbled at the open to $28... 1268 01:26:47,000 --> 01:26:48,992 flopped by the end of the day priced at... 1269 01:26:49,160 --> 01:26:51,800 Let me make sure I get this right, $23.74. 1270 01:26:51,960 --> 01:26:53,713 That is definitely not $35 a share. 1271 01:26:53,880 --> 01:26:57,237 That's about a third of its value erased on the first day. 1272 01:26:57,440 --> 01:27:00,592 Cachet not having a good open. 1273 01:27:22,880 --> 01:27:27,113 Okay, we know that Titanite was the only buyer of those shares, right? 1274 01:27:27,280 --> 01:27:29,192 You know how this story goes. 1275 01:27:29,360 --> 01:27:32,751 A few days pass, they get this Marin to retract her statement... 1276 01:27:32,920 --> 01:27:35,640 the stock rallies, and they clean up. 1277 01:27:35,800 --> 01:27:38,031 - Call your friend in Compliance. - Not happening. 1278 01:27:38,200 --> 01:27:41,272 Get her to get us the personnel file for Erin Manning. 1279 01:27:41,480 --> 01:27:42,800 She's not gonna do that. 1280 01:27:42,960 --> 01:27:45,873 - Why? - Because she'll lose her job. 1281 01:27:52,040 --> 01:27:54,680 You got to let go of this. 1282 01:28:10,360 --> 01:28:12,113 Compliance is asking for you. 1283 01:28:37,320 --> 01:28:38,356 Got it. 1284 01:28:39,680 --> 01:28:42,240 Okay, thanks. Okay. 1285 01:28:42,400 --> 01:28:44,437 - Hi. - I know you're familiar... 1286 01:28:44,600 --> 01:28:47,991 with the regulations that keep the investment banking transactions... 1287 01:28:48,160 --> 01:28:50,391 - ...separate from the sales and trading. - Of course. 1288 01:28:51,200 --> 01:28:54,034 Did you have contact with Michael Connor... 1289 01:28:54,200 --> 01:28:57,398 three days before the Cachet offering? 1290 01:28:57,640 --> 01:29:00,314 Uh... I'm sorry. 1291 01:29:00,520 --> 01:29:02,034 Do I need a lawyer or...? 1292 01:29:02,200 --> 01:29:04,954 Well, essentially, we are your lawyers. 1293 01:29:05,120 --> 01:29:07,715 - For the moment. - Right. 1294 01:29:07,880 --> 01:29:11,317 I spoke to Michael that night briefly about a colleague. 1295 01:29:11,480 --> 01:29:15,110 - You didn't discuss the Cachet deal? - No. 1296 01:29:17,880 --> 01:29:20,156 I'm sure Michael would tell you the same thing. 1297 01:29:20,320 --> 01:29:22,277 Michael Connor no longer works at the firm. 1298 01:29:23,080 --> 01:29:25,117 He moved to Titanite. 1299 01:30:58,160 --> 01:31:01,471 That was him? Your new global head? 1300 01:31:04,200 --> 01:31:05,793 Look at me. 1301 01:31:07,720 --> 01:31:10,280 Have the respect to look me in the fucking eye... 1302 01:31:10,520 --> 01:31:13,513 and tell me if that man out there is my new boss. 1303 01:31:18,960 --> 01:31:21,236 The department needs a new face. 1304 01:31:22,080 --> 01:31:24,072 Don't give me that. 1305 01:31:24,360 --> 01:31:27,319 You lost control of the story. 1306 01:31:27,480 --> 01:31:30,678 Cachet will rally, just like Facebook. 1307 01:31:31,840 --> 01:31:35,277 Naomi, it's like I told you. 1308 01:31:35,440 --> 01:31:40,834 This just isn't going to be your year. 1309 01:31:42,480 --> 01:31:44,551 When is my year? 1310 01:31:46,040 --> 01:31:47,713 Hm? 1311 01:31:48,880 --> 01:31:53,477 When is it my fucking year? 1312 01:33:03,960 --> 01:33:05,440 Naomi? 1313 01:33:42,160 --> 01:33:43,719 Did you see her? 1314 01:33:43,920 --> 01:33:47,357 Heh. Nobody wants to say goodbye. 1315 01:33:48,840 --> 01:33:50,593 So, what happens to the rest of us? 1316 01:33:50,760 --> 01:33:53,559 Well, apparently Erin is moving up in the world. 1317 01:33:54,520 --> 01:33:56,876 My uncle called me this morning and asked about you. 1318 01:33:57,040 --> 01:33:59,032 He's got some huge deal coming up. 1319 01:33:59,200 --> 01:34:00,793 Wanted to know if you give 100 percent... 1320 01:34:00,960 --> 01:34:03,520 because he said this thing would be your whole life. 1321 01:34:03,680 --> 01:34:05,751 So I told him you were a pro. 1322 01:34:06,600 --> 01:34:08,512 Congratulations. 1323 01:34:08,680 --> 01:34:10,319 Thank you. 1324 01:34:49,040 --> 01:34:50,520 I'm surprised you called back... 1325 01:34:50,680 --> 01:34:53,752 because you have a reputation for being a bit unorthodox. 1326 01:34:55,440 --> 01:34:57,955 I get the job done. 1327 01:34:58,120 --> 01:35:00,032 However I can. 1328 01:35:00,200 --> 01:35:02,078 This would be a big transition for you. 1329 01:35:02,240 --> 01:35:04,630 - Yeah. - Coming over into the corporate world. 1330 01:35:04,840 --> 01:35:08,231 The thing is, I have a family and... 1331 01:35:08,400 --> 01:35:11,313 I'm looking forward to having a sense of stability... 1332 01:35:11,480 --> 01:35:14,120 and to really be a... 1333 01:35:15,680 --> 01:35:17,319 You know what? No. Um... 1334 01:35:18,960 --> 01:35:20,758 That's not it. Uh... 1335 01:35:22,840 --> 01:35:24,672 The truth is... 1336 01:35:24,920 --> 01:35:26,434 I want to make some money. 1337 01:35:28,760 --> 01:35:30,638 I could say something more nuanced... 1338 01:35:30,800 --> 01:35:35,272 about my dreams and aspirations, but... 1339 01:35:35,920 --> 01:35:38,389 that's the honest truth. 1340 01:35:39,600 --> 01:35:41,751 I am so glad... 1341 01:35:41,960 --> 01:35:48,560 that we can sit here as women and talk about ambition. 1342 01:35:50,400 --> 01:35:55,077 But money doesn't have to be a dirty word. 1343 01:35:57,320 --> 01:35:59,630 We can like that too. 1344 01:36:45,160 --> 01:36:47,436 ...disappointment initially... 1345 01:36:49,880 --> 01:36:51,030 Finally today... 1346 01:36:51,240 --> 01:36:52,993 tech company Cachet is back in the spotlight... 1347 01:36:53,200 --> 01:36:56,193 with another surge in share price this week, as the stock... 1348 01:36:56,360 --> 01:36:58,750 continues to rally following a disappointing IPO. 1349 01:36:58,920 --> 01:37:00,639 Cachet, whose stock has been steadily climbing... 1350 01:37:00,840 --> 01:37:03,150 after that terrible debut earlier this year... 1351 01:37:03,320 --> 01:37:05,960 has by now made a lot of its investors very wealthy... 1352 01:37:06,120 --> 01:37:08,919 if they were able to hold on tight during that steep drop. 1353 01:37:09,080 --> 01:37:11,595 ...saw this with Facebook and Square where a stock rallies... 1354 01:37:11,800 --> 01:37:12,995 and the IPO fades into the distance... 1355 01:37:13,160 --> 01:37:15,880 as investors track the growth of the company over time. 1356 01:37:16,040 --> 01:37:18,555 What seemed like a disaster at the initial offering... 1357 01:37:18,720 --> 01:37:22,555 could turn out to be just a speed bump on the road to enormous gains.