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Brockman: Where do Internet companies stand today with regard to the stock market.

Doerr: People believe the stock market has been really frothy, but I'm told that if you subtract Intel, Cisco and Microsoft from the S & P 500, the market is down 5% this year. We're in one of these rare periods of time that I would characterize as sane, and normal. Good companies can go public and have successful offerings. Those that are not yet ready to be public companies can't.

America's capital markets are an incredible treasure. They're a real economic advantage, and we need to preserve and nurture them. They are one of the ingredients that fuels entrepreneurial innovation. The possibility of financial independence, sending our kids to college, is the heart of the American dream.

Brockman: What else?

Doerr: I like to play with my daughter. And we've just adopted another little baby girl, she's five weeks old. Sorry, I'm a bit sleep-deprived. My daughter and I like to ride bikes together and play games - Scrabble, Monopoly. She also likes chess - and changes the rules as she plays. Given my druthers I'd rather be hiking in the mountains than anywhere else.

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