Hin. What are you wearing on your wrist? I am focused on health. This is a nike go band. I'm down to one device. The nike band will be discontinued, but the business goes on. And the shine from misfit wearables, which max is involved with. And another for when you sleep. And finally, this is the basis, which have low memory. Is that your memory that is low? Or the watch? I'm doing so much stuff, i cannot keep up with it all. How does it help you? To be candid, i'm already a fitness nut. One of the issues around these things is, how much difference do they make to the middle? If you are an insurance company, can you actually improve the health of the -- of a large enough population that it matters you cry think they can, but they have to get better. You are a cyclist, and i know you have not -- you are not wearing anything today, but i know you have experimented. I think my lack of wearables today is a message, though i did not plan it this morning, that i don't have to remember to put a power meter into my bike. It is built into the crank. Every time i pedal, it tells me with a microsecond resolution. The day that health insurance can start pricing risk accurately and sending people in before we have a heart attack, that is the -- that is after our bath mats start telling us what our wait is doing. Is that the dumbest pricing invariable? It is the biggest amount of money with an interest in you being healthy. The biggest challenges come if you ask an insurance company what the average lifespan of their customer, they don't want to tell you. That is their actuarial secret sauce. But if you can keep these people for a long time, then you benefit from them being healthy, because you don't need to provide them health care. You are healthy. Is having measurable health that you can track a good thing? I think it is important to have control over your help. The trade-off is correction and prevention. Frankly, i don't mind even someone, let alone my computer, knowing what my weight is doing. It is of ultimately going to keep me healthy. The things that people share and don't share, i think one of the interesting things is how people use this. I think -- i will share my data with some people. Going back to, is it good to be tracked? We track our cars and our equipment. Why not track our bodies? If you look at the long-term sustainability and the environment, why not instrument ourselves? It matters a lot more. Some people care about privacy. Some -- others care more about whether they will get fired or their premiums rising. Maybe your premiums should rise if you costs society a lot more. That is the stuff that you do voluntarily, not whether you are likely to get some disease. Apple just rolled out health kits. Samsung is trying to do the same thing. Is there one company that can make this more mainstream? Or do you think it will come from the outside? The most exciting stuff is always going to come from startups. We are able to take more crazy risks. We have no brand to lose. Natural innovation happens in small, but impactful chunks. I think apple did a great thing by essentially putting a stamp of approval on the whole market by saying, hey, we will be behind these efforts. How optimistic are you about an apple i watch? I think it will be beautiful. I don't really care. I care that it happens. And i think max is right. It will be a startup that we approve of on the one hand. On the other, we need more long-term money. The laguna has our long-term interests at heart -- the only thing that has our long-term interests at heart is insurance companies. Even we do not think long-term enough. If you order them online, you order more healthy food. You know the old saying, don't go shopping when you are hungry -- it is really true. But again, that skews up the middle class. That is one of the challenges. How do you spread this? Food is not just what you do. It is what you eat. How do you look at the concept that the driver is not really just the individual? For me, the times when training a hardest, i found is when it is measured. But that is me. But what you are really talking about is a different marketplace and a different device. I'm talking about a different business model that thinks long-term about how to keep people healthy. Do you have to make that happen? I'm making it happen. I have a startup that is a not-for-profit that is trying to do that. What are the exciting things you are invested in right now? 23 and me is one. They have had huge issues with the fda. Will he get beyond the red tape? It is going to get through that. I have no problem with regulation. We want to keep that. People were trying to sell snake oil on the basis of your genome, saying you should do x and y. we did not provide the fda with all of the data they wanted, and we are in the process of doing that. That will be sorted out. Over time, there is the broad environmental stuff, like the food you can buy, and then there is your specific genome. I have a relatively prolific portfolio in the health space. A huge fan of misfits. I work with it frequently. On the software side, given my background, there is a company out of new york that has a cool way of making data around dna and other things more accessible. It is going to be revolutionary. The biggest problem, i think, in the health world at this point is not lack of information. There is plenty. It is lack of control, portion ability. I'm just getting into helping his company solving that. There is another company that has a little different approach to the higher-level data. It is sort of a human to the records -- human hiipaa records. It feels like in terms of timing, just quickly, that we are very close to becoming more mainstream. I would not say mainstream now. Obviously, that is what we are discussing. It seems like we're closer to  This text has been automatically generated. It may not be 100% accurate.
Affirm CEO and Founder Max Levchin and Chairman of Edventure Holdings Esther Dyson discuss wearable tech at Bloomberg’s Next Big Thing Technology Summit on Bloomberg Television’s “Bloomberg West.” (Source: Bloomberg)