Thank you for the opportunity to elude our new Automation Task force for the conference. Meetinghad a great talking about the different ways that automation will change our work as employers and enterprises, as policymaking bodies, as economies, and as communities. We are looking forward to convening again as a task force this spring and would welcome any mayors or partners who would like to be part of the conversation. Before we do that, we have an opportunity right here to talk about one of the most interesting and important questions not unrelated to automation that affects our work is mayors Going Forward, and that is the future of work. We are starting this conversation at a time that we are rethinking how and where people work and how entrepreneurs can collaborate in their workspaces. This is something that our Title Sponsor knows an awful lot about. Since it began in 2010, we work has changed the game on how and where people go to work by designing, building, and operating a Global Network of shared Office Workspaces and services for individuals and their businesses. I came to the office for some of my political responsibilities, and i was permitted i was presented with this card. We are appreciative of that. Very glad that the cofounder and for aam newman is here conversation about how our cities can repair for the future of work. The conversation will also involve our president , new orleans mayor mitch landrieu. I am so glad that Walter Isaacson is going to be here guiding the conversation. He is wellknown for his leadership roles from the Aspen Institute to the media world and books that make in one of our great public intellectuals. Please join me in welcoming our panel, Walter Isaacson, mayor landrieu [applause] that for being here. Welcome. I just finished doing a book on leonardo da vinci. Camehe was 12 years old he from a small village to the town of florence, and all sorts of young people were flowing into that town because it had become a mecca for creativity. Leonardo was a bit of a misfit. He was illegitimate, gay, lefthanded, vegetarian. But totally embraced by that printing presse had just been invented and publishing houses were there, because all sorts of new forms of banking brought people from the fall of constantinople, bringing out of it. All of these things were mixed together in a cauldron of creativity. Now, 500 years later, that is hit that is happening in cities like new orleans, and part of it is creating spaces where people can live, work, and learn together. That is what leonardo did when he joined this wonderful that was building and painting great paintings. That is what somebody like adam newman has brought together people for a whole new type of way of envisioning work. Adam, let me start with you, if i may. Is that all right, mr. Mayor . Youre the boss. I have heard it described as sort of a coworking space in the but to me we work is a little bit more than that. It really is. Thank you everyone for having me here. I appreciate it. I never felt it was fair that the guy who was working 16 hours and the person working eight hours were getting the same, but i did love the social aspect of everyone coming together. I love the community. When i came to the u. S. Come as amazing as everything was here, i was letting the community a little bit, especially in new york city area it actually felt in new york city. It actually felt a little lonely. I said, is this an american thing or just a human nature thing . It is a cultural thing. Like when you go up the elevator, you are not to talk to the other people in the elevator. In israel, i go to the neighbor and ask for salt, and if the neighbor is not there i opened the door and take the salt, and hopefully i give it back. Very quickly i realized that the one thing that myself and my friends could bring to this low bit ofntry is a that sense of community that used to be all over the place, and for whatever reason we got disconnected. A place where people make a life and not just a living. We dont discriminate between age, gender, race, or religion. As long as we understand that being part of something greater than yourself come up treating people the way you want to be treated, is more important. As long as you understand that is receiving, youre part of the we work generation. It is not only better for it, but the city is better for it. The staff are unbelievable. How many cities are you and . That is a trick question. , 25 countries,es 45 different languages, 250,000 members and counting. And you just bought the lord and Taylor Building in the middle of manhattan . We did the reason we did that, and this is all part of the same story, retail used to be very smart people. You take a beautiful building, let no light in, sell a lot of stuff to people that might want it or not, and that is the retail experience. As millennials are starting to be the biggest shoppers, and by 2020 millennials will be over 50 of the workforce, they dont want to buy that way. They are buying online. What they are looking for his experience, intention, and meaning. Cycling like lord and taylor suddenly becomes useless. Were going to reinvent it. We are going to bring thousands and opensses into it up a building milhouse couldnt because we are going to design it in a different way and reinvent retail into an experience that is going to uplift people as opposed to just training to wallace. As opposed to draining their wallets. Mayor of the city of new orleans is here today. Stand up. [applause] a lot of millennials came out and voted. She beat everybody with the millennials, and she is a great leader, and she is going to be a great mayor. To your question, the question is an interesting one. What are we doing in new orleans to have a Creative Space for the Creative Class . Many of you were here this morning for the art awards, we talked about art being a creator of life. Tot you are now beginning see any economy are mayors starting to think about Economic Development in a couple of different ways. To traditional way is to try give away as many incentives as you can to attract a big company that already has jobs to come into your city and maybe change the nature and character of your city, which will continue to be an Economic Development mission. The other is to have people that are already there and create a space were that happens has as much to do with not just the thing they are thinking about, but the space that they are working in. We took the Creative Class and turn it into creative cultural economy. How do you grow something out of nothing that comes from intellectual capital in creating the space to do so . We work has taken this to a completely different level and has created an economic not model economic model. Work together is the operative word here. We work, not me against you work. People in share ideas come up share space, and find a way of taking that idea and intellectual capital into a product or into Something Else and scale it. In new orleans we have something called the idea village, a space that people help do this. We have the bio innovation center, Whose Mission is to create an environment that can take ideas from the two new University Medical centers and incubate them and move them to a higher level. Charges thato idea, and new orleans is one of the great places where we had some progress. Can i just make one point . This is good for everyone here. We used to think, we were for bigthat corporations, give them tax incentives, bring it to your city and good things will work out. What is instead of chasing the organizations, from now on you are not only the ceo of your city, you are also the chief brand officer . What does that mean . Of yourrol the bread city. Millennials contributed a lot to their personal brand of where they live. If your city is the most attractive place for the generation to live, if they let the culture, the fun, the environment, everything about your city, then they are going to come there. If they come there, enterprise will chase you. You guys are article. You have great already cool. You have great food, great music. Theres a lot going on. The way new orleans came together as a community was inspirational. Is the kind of city want to be part of. You can apply this to everyone if your cities. If new orleans is able to celebrate the strength and make its culture the main point, he will attract millennials and then amazon will come. I think he is exactly right. How did the tragedy of katrina help bring people back together physically into the foot print of the city, but also realize literally and securely we are in the same boat . As you know, we suffered one of the great tragedies. We had katrina, rita, kustoff. The mayor of las vegas was talking about how our city reacted after the shooting. When theres a tremendous tragedy, there is an immediate and great need for people to come back together and see each other and feel each other. Of course, it reminded us of something we should never forget. It is not the physical structures of our space that make the cities. It is the community and the ability to work together. That incredible need drove the people of new orleans to think about not building the city that the way it was the night before the storm destroyed everything, but how to be a more creative and open space. Of course, everybody in the world can to help us. They felt the reality of it. They felt the authenticity. Every mayor in here can tell you that authenticity, whatever it is in their city that makes them special, that value that, that creates culture and the environment is really the driving force behind what it is we are trying to do, and if it one of the things you are attesting to is that we works has confirmed that that theory of living and consequently Economic Growth and developed by creating their in the space where everybody wants to be as a model we think is going to provide the great jobs for the country. Tell me how you see it as a work, ecosystem, not just but living, learning, being part of what a millennial will the one thing i want to say, and we talk a lot about millennials, and i like to call it the we generation because i dont limit it by age. Anybody who wants to be part of something greater than themselves is the member of the we generation. What we are really looking for is, lets bring the men and bring them together. And a persons life, the most important pillars of our life is where he lives, who we are with, who our kids and friends are, where we work, and then how we learn and grow as human beings. I would like to say if you have to prioritize them to my first ro personal growth, then your partner, and your kids, then your friends, then your product. When i think of we, i think of an ecosystem that brings it all together. The fabric of that ecosystem happens in the building of the neighborhood and the city. You are the leaders of the future. City states is where its at. I think governments all over the world are having a very difficult time. I think as mayors, as leaders, as ceos, it is our responsibility to set the trend of the future, and trend is we versus me. By 2030 60 of the World Population is going to move into major cities. As another that is another one billion people moving into major cities. You have no room. You have to reinvent how people live. You have to rezone. You have to reassess and reinvent how people work. One last thing, we have numbers behind it. Opened, work we have 1000square feet, 200 jobs a year inside that we work for the next 20 years. We will create 200,000 jobs over the next 10 years, and it can go bigger and bigger. We will just bring you jobs. We will bring you places to live, education, and Corporate America. Why is Corporate America coming . Corporate america saves 18,000 per employee when they put it into we market. Client inyour biggest a place like new york, young entrepreneurs or big corporations . We are, as of two years ago, 90 only off the north. As of today, 30 are entrepreneurs. Are bigday, 30 companies. Likefortune 500 Company Walmart will say they want we work. If they are looking for in hq or redo their own hq, they will ask us to do it. Today we dont even take the space. We will deploy our technology and put our community meant. Would you do that for a city hall . I would love to do it for a city hall. For any mayors interested in that, it is very simple. Fill out the form. The stock about that. I know the mayor elect cantrell and you briefly were just talking about the need for a new city hall, the old charity hospital, the need for an incubator. What would you be open to in new orleans . First of all, there are city hall is an america that are gorgeous and wonderful. Unfortunately new orleans is not only top 1000 list of that. We have an old, tired, ugly going that we have to put a dollar in because we that we have not put a dollar it because we been rebuilding schools. There will come a time not too far in the distant future where we are going to have to rebuild a government complex which happens to be in the heart of downtown new orleans, probably not in the best space. There is, by the way, an old charity hospital, one of the decost buildings, an art building that hugh elong built long ago. If that were put back into commerce in some sort of fashion in a way that was part of a municipal complex it would help recreate downtown like many mayors in america have done in their cities. There are great opportunities for that, but essentially what he is talking about is common space opening up, giving people the ability to create, and Economic Development coming from that. But wouldnt it be nice to have the doors the algebra doors the entrepreneurs . City hall used to be a fiscal building that citizens had to come to audit. I am not sure you have that model Going Forward into the future as Technology Allows us to be more diverse. If you are thinking about building a city hall sometime ago, you had to think about how many employees you had come out a square feet you need. It may be very different with the city hall of the future looks like. New orleans has always been on the cutting edge of innovation and change, and we are interested in exploring that idea with you guys. Are going to be partners . , the are partners important thing about we work, we dont need any fares. All we want to do is partner. Not just for we work. We work, we live, and city hall. Ive been to some of your city halls, and they are beautiful, but that doesnt mean the energy inside of them is buzzing. To attract the young talent to work for mayors, we got to create an environment that they thrive in. Want to go work at google and amazon because it feels good. They should want to work at city hall. Millennials are known to cherish experience and meeting more than material goods. Just give them a story they can relate to. Show them your mission is relevant and they will come join. I think even though some look few havesome dont, that buzzing environment at the smartest, youngest, most talented individuals in this country want to go work for. Let me put it explanation point on this for mayors across america. I think now is probably a time to rethink about designing the spaces we work in and how citizens address with us. I think the possibilities are infinite and how we reconnect physically and in real time, and in making sure city hall is a place people like to come. If they come there, they have a good experience. It is absolutely possible not only for public service, but function and design, to which you and i have talked about because both those things can intersect as you talked about when you talk about steve jobs work at apple. Our next panel at about five minutes is jd vance, wh and my old friend and mentor steve case. We are becoming not only a nation, but a world, of city states, which gets us back to where i started 500 years ago with florence being a great city state. Work, what does the u. S. Conference of mayors do in order to make it so that the driving force of creativity is what they are talking about where every city and every town in america gets to be its own city state and attract the creative and entrepreneurial. It is critically important as mayors talking to the leaders of washington dc about what role the federal government plays that the country understand that mayors of america are not waiting on washington dc to be creators. 85 of people in the country are living in cities. Most of the financing happened on the ground in cities are trying financial pools to invest in the city. The tools adam talked about before, when of which is to get people to come in by hopefully creating jobs and work, or being a Creative Space ryu create and grow space where you create and grow, that is the way of the future. I think that either by purpose or intent, as washington becomes smaller or less connected to the ground, that creativity will find its way coming out of the cities in america, which by the way has been occurring for the last 10 or 15 years anyway. We need to continue to do more of that. [applause] thank you. Bravo. That is very well said. I will add because i dont want to repeat just a few more things. A city states are the future, then we have no problem that the mayor of new orleans will have a great relationship with the mayor of london, the mayor of shanghai. I dont care what is happening politically. Governments can have amazing relationships. You are not just limited to one country anymore. To give you one example, i am very close to the mayor of jerusalem. He said, i have a problem. I said, we all have problems. He said no, my problem is bigger. Here is what i am dealing with. I have nonreligious jews, religious jews, muslims, bahais asliving in citizens citizens together peacefully. That is very impressive. And yes, theres fights and this and that, but when they need to pay a parking ticket everybody stands in line together. I found that to be fascinating. It is. The challenged me to help him rethink city hall. One of the solutions we came up hall fromenter city the outside, we are choosing art that represents each one of his cultures. We havehowing them taken so much time to care about you that by the time you walk into the space itself you come with a different energy. If you start think you about the relationship between you and the citizens it is a relationship between you and the world. We can be the example for acceptance. We can be the place where every Single Person who used to not fit in, not be accepted, not the part of whatever it is, didnt fit the mold, whatever that is, we can be the place that embraces them. Creative, the the weird, the different, you will be so happy with the result because the result is going to make your city stronger and everybody happier. That when theoven oldest person in the family and you this person in the family lived together, everybody lives longer. Everybody is healthier. Health care will go down. All of these things we talk about. The amazing thing i feel in this room, i think a lot of times we dont know where we are and what we are. I know what this room is. This room is an opportunity for the future. Grain of salt, a grain of sand compared to where we can go. Canayors of this country set an example in all aspects, not Just Community and culture, but also acceptance. , trustan set an example me, the whole world is watching and the whole world is waiting for you to set the example because america always was on the top. America was always the leader, and it is time to go back. Thank you. [applause] thank you all for being on the stage. Thank you. We will pull of a video. Pull up a video. I think it is really hard when you are starting out to follow your dreams. I think it is really, really hard. We started in our living room essentially. I think what is of yelling about we work as a company is it makes your life extremely easy. The first day of building a business is a big day because full dreams come into play, but the second a reality kicks in. Who is my Internet Provider . How my going to pay electricity . Where my going to get sales from . At we work we try to help u. S. But you can. Ocus on what you love take care of your lifes work and we will do the rest. Were 10started out we people in a tiny office, and now we are 30 people spread out across two beautiful offices. Yes kitchens and booths and phone booths and a conference room. A big part of the team have taken advantage of the fact it is such a community. The ecosystem has provided a really great place for our team to grow. We are a community company. We are a Company Looking to create opportunities for people to connect. That happens in our physical spaces. Divide we create, the energy our members create is something you feel when you walk in. Inside see our members of this environment, we are all ind to help them service to this Bigger Picture of how do we make people happy . How do we get people to be engaged with their life . The future is about life, innovation, creativity, going from me to we. We give you will inspire you, uplift you, and help you innovate the products of tomorrow. [applause] i think i stay here. Wpow. That was incredible. We have a very bright future. I want to continue our conversation on the importance of work and job creation. I would have to call and the publicr of walmart in affairs. Amy hill is a familiar and welcome presence to all of our meetings. Shes here to update us on walmart u. S. Manufacturing and Innovation Fund, which has resulted in investment of 10 million by Walmart Foundation research to innovate manufacturing and create good paying jobs manufacturing here in the United States and metro areas. Amy is here to update us on some of the most dramatic innovations now taking place. Please help a welcome amy. [applause] thank you so much for that warm introduction. I have the pleasure today to once again update all of you on the conference of mayors and walmarts support of the manufacturing Innovation Fund. I do want to take a moment of personal privilege, assuming this is still being live streamed. I did want to get up a shot up to my sons seventhgrade history class in in re know, nevada, who i believe is watching live. Hi joe. [laughter] [applause] announced the4 be creation of the fund to invest 10 million over five years for innovation and research and development with universities in your cities with the goal of addressing challenges to manufacturing in the United States. Weve learned a lot over the last few years about the challenges and opportunities facing all of us as we work to bring manufacturing back to the United States. For example, one of the challenges of manufacturing denim is the dying process that makes our blue jeans blue. The current indigo dyeing process that has been used since 1921 is in no way environmentally sustainable or costefficient for the longterm. Recently we visited texas Tech University, one of our Innovation Fund grantees, where a Research Fund has been working on a new process that could be a game changer for the 56 billion in an industry. Can we show the video please . Gotten is critical. It is cotton is critical. It is one of the three pillars of our economy. It is our heritage. When you think about cotton, you think local. Texas Tech University is approaching our 100th year. We wanted to be the leaders in the world in areas related to sustainable use of the land and water, which is obviously an important component here. The u. S. Textile Manufacturing Industry is impressed that walmart could provide funding for research on an issue that the industry realizes is critically important. Weve actually avoided any compatriot any preparation of that yarn. With this process we can develop even purer shades of indigo. Eight a cleaner looking shade without cleaning the cotton. Dye is designed to have an attraction to the fiber. The environmental aspect is definitely huge. This Technology Offers the central for a whole new level offers the potential for it only new level of sustainability and operational efficiency. We are proud of the Walmart Foundation grant. I think this is the ideal place for that kind of research to happen. I think over this grant, the opportunities it provides for us to continue that research. Cotton is one of those places we lead the world. We are proud of that relationship between cap and our producers, between tech and industry, and between tech and our community. [laughter] [applause] thank you. Mayor pope is passionate about his community and the advancements in technology coming out of his city. As mayors, we encourage all of you to embrace the research and technology so that we can turn these investments into actual Economic Development for communities around the u. S. , which is why we recently announced a policy roadmap to renew u. S. Manufacturing, a tech policys in levers that we think will help move 300 billion to the United States. Projectsvation funds continue to come to fruition and we push for renewed u. S. Manufacturing, we expect to have more Great Stories like this, potential Game Changers in the manufacturing technology. So i want to again thank the conference and all of you mayors for your support in this very special endeavor. Thank you so much. [applause] amy, thank you so much. I know we are moving kind of fast. Who is creatingadam a lot of great jobs in United States of america. [applause] he is doing it based on and not a weakness. People are looking for Creative Spaces where they can find community and common purpose. I want to conclude with a discussion about entrepreneurship and creating opportunity across the United States. Adam talked about the need to create the space and the ability for people to be in a place where they can start jobs. Is here with us today. To talk about how you can finance it and how you can pay for it. The next Major Company that can start in the United States can actually start anywhere. Not just in coastal megacities. Our next guest has been leading the way. Chairmanow, he is the and ceo of revolution. They washington, d. C. Based firm. You may remember, in his other light that he was the cofounder and ceo of america online. Played a key role in changing our world and introducing millions to the internet. A National Effort to engage in a local startup system. , is an author, capitalist, and managing partner of the rise of the rest fund. A New York Times best seller. A memoir of family and cultural crisis. If you have not read it, go get it. One of the best books i have ever read. It opened a window to the White Working Class in appalachian values. As you know, is going to rejoin us to moderate conference. A couple of months ago, he had to and invited me to come. We talked about this very issue. He asked me to come work with us. He told me at the time that he was going to put together an organization that would create entrepreneurial funds all across the United States of america. They are in fact doing that. He is here to share with us the work that they are doing across the country. And opportunities that cities have to work with them in getting this done. [applause] steve, i have been able to get on the bus with you. Are on the bus or you are off the bus. Your bus is has gone to 33 cities. Tell me about how that started and what it is. First of all, it is great to be here. Thank you for the invitation. It is a topic that you are all focused on. If you look at it today, it goes back to the question. I got involved seven years ago. Was on his jobs counsel. I did some work around entrepreneurship. Some of the data that was startling to me, it is that all the net job creation was coming from startups, not from Small Businesses or big business. One Restaurant Goes out of business, replaced by another restaurant, does not group does not create jobs. Some are rising, some are falling. The aggregate, is pretty static and not creating net jobs. The startups were young growth companies. That was pretty interesting to see. If you want to get the job creation engine going. Backing more entrepreneurs, doing more crazy things, disrupting different sectors. That last year 75 of capital went to three states. 75 . Three states. California, new york, massachusetts. The rest of you fight over the last 25 . The jobs are being created by startups. We only backing startups on the coast. We shouldnt be surprised that a lot of people feel left out. They are anxious about the future versus optimistic about the future. Roadhas led us to hit the and we have now done six of the stores. Six of these doors. Tours. We are attracting more media and investor attention. I do want to point out that on all your tables you have these little drives that we put out today. We call it the rise of the ecosystem playbook. You can go to the revolution. Com. The Lessons Learned from the visit. Many cities in their from phoenix to what ever. It takes some of the examples that we saw on the road and tries to create a playbook so can learn fromes what is happening in different cities. We can create a network. More collaboration, more convenient. But essentially a network of across these rivalrous cities so that they can all rise together. What are the overriding themes, best that is selling i am. Nothing compared to still on the top of the bestseller list. The whole theme above your book is that the wave of the digital revolutions that went before concentrated on engineers and places like Silicon Valley. Now it is all about connecting creativity. Connecting different forms of business. Connecting the arts. That happens better in places like chattanooga, boston, nashville. It is pretty interesting if you look back at the history. Of what has happened with technology and with the internet. The first wave of the internet, only 3 of people were online. One hour a week. It was pretty early. The first one was getting everybody connected. Educating people why they should be online. That was fairly regionally distributed. Microsoft started in albuquerque and moved to seattle. Was in atlanta. Fairly regionally distributed. Next it was about software, mobile phones, that is where Silicon Valley really rose to dominance. In this third way, which is now just kind of unfolding, which is integrating the internet and changing health care, education, food, agriculture. The extrication needs to be successful all across this country. It is not just about writing software. It is how do you figure out how to integrate that software. And how to get doctors to how do you integrate some of these technologies . Opportunity a huge in the third wave for the growth of regional watch burner ship. We need to get more adventure capitalists to understand their Great Companies there are Great Companies in the middle of the country. The rise of the rest fund. First of all, i want you to explain that, but also your part of a wave that i tried to catch on to. I know all about your background and the military and yale. Go home. Time to go home to a city like columbus, i think is where you are back to now. And say that i am going to find that to be the cradle of creativity. Explain how that ties into the rise of the rest fund. Briefly, the rise of the rest fund is built around the idea that if you want to get highgrowth enterprises, you have to invest in them. In the classic way that we often do Economic Development is if you think about what steve said that all these jobs are coming from this highgrowth startups. If you look at where the risk capital is going, a ton is going to california, a lot is going to massachusetts and new york. Not a lot of the rest is going rest of the country. What we are trying to do is simultaneously earn a good return for our investors, but also show that by investing in these areas, you can support the entrepreneurs and create some of these enterprises or help or help the job growth in the next 20 or 30 years. The reason i am so fascinated and so interested is one of the things that we are seeing all across the country is the talent boomerang. People who made go to Silicon Valley or new york, but for whatever reason they eventually want to come back home. Or want to come back to areas that are not traditionally thought of as hightech or exciting. Many dont realize this, i certainly knew that columbus is a really exciting city. A lot going on with city government. I think a lot of folks from the outside to recognize this. The final point that i do this is that people move back to the nonSilicon Valley types for a lot of different reasons. One of the reasons is basic cost of living. I can remember talking with my rife wife two or three years ago that if we were really wealthy we could whereas, going back to ohio, there is a lot of opportunity to build a family in a place that is exciting and innovative. But also is cost effective. Those things all matter. But isnt there something deeper . There absolutely is. The thing that is deeper is actually relevant to what adam said in a lot of places, people have some connection to where they grew up. They want to be part of this renaissance. A lot of people look at a city like cincinnati or columbus, these are places where things did not necessarily go super well in the 80s and 90s. They were hit hard by some of these trends in the midwest. People want to see their i think peoplell are drawn back for a host of reasons. One is the desire to impact your community. To take advantage of the sense of connectedness. You had an amazing set of investors come into this. We tried to reach out to some of those visible perspectives, almost iconic individuals. It really is several dozen of the most visible people. We did that deliberately because we wanted to say that these people believe in the rest of the country. They believe and entrepreneurs all across the country. While also being catalytic and some of the job creations. There is two other points that i think we covered a couple days ago. Big opportunities from there. First, in this tax reform there is provision that you should like, that is investing opportunity. It will play out over the next year. The sensible catchable Capital Gains in many of these opportunities, that can be quite significant in terms of building on some of the work that others have been doing and getting more people on the coast. One, im sure many of you were involved in this, is the very visible amazon search for second headquarters. It has led to a lot of cities, basically rallying together their communities to make a bid. 218 of those are out of the running. As of last week they feel like they lost. They can take that effort, that sense of possibility and bringing the community together, it never and now refocus on startups and turn it into a wonderful i was in kansas city and there was a big chamber of commerce during the talk. To the mayor next and he said i dont think were going to win this. But this is the best thing ever to happen to the city. We are getting the airport fixed, we are rallying together and we will have a much partnership fund. Not for one thing the number one thing that surprised all the cities we visited, the lack of collaboration and connectedness. You would think that in the smaller places that everyone would be working together, but often the bigcompany ceos dont know what the entrepreneurs are doing. The university is not as connected as you might think. Just trying to drive more of that collaboration is super important. There is no folks better to do that than the mayor. Holding on this amazon effort , wesaying it is a bummer thought we would get 50,000 jobs. How do we get 50,000 jobs by backing 500 startups . It is a huge opportunity for all the state. Im going to ask a question everyone is thinking. How do i get one of these funds with you in my town . There are a few things you can do. First, part of what makes a successful ecosystem a success is the connectedness. The fact that everyone is working together. We just gave a very realworld example for why that is. When was talking about denver hit this could go mass of successful under printers entrepreneurs, it was not just good for the city it was good for him in a very individualistic way. It became easier for him to hire people. He knew that if he hired a guy or girl and it does not work out, his businesses does not succeed for whatever reason, there will be opportunities to, 3, 4 etc. It makes it easier to attract or retain talent. To me, as soon as you had a Critical Mass of exciting opportunities, you will get capital will start to flow in. We will look at that from our angle. Forill make it easier Capital Investors and other investors to get capital work in those places. The rise of the rest fund, do you do Something Like challenge a city and say we will put in half if you find local investors . We have multiple steps. First, a seed fund. 150 million fund. We are saying we want to partner with regional investors. We will not lead these investors be we will partner. We only do about 10 of the rounds. We are trying to take our hundred 50 million and leverage it into more like 1. 5 billion and partner with these regions. Cities, you are typically relatively small mentor firms. It is relatively hard for them to connect to the capital on the coast. We are trying to figure out ways to partner with them. Shine a spotlight in what they are doing. Therefore, they can back more startups and create more jobs. Over time, we will continue the involved in this. And figure out and the process to create more jobs in the communities in the middle of the country. The first step is to partner with people in these communities and coinvest in the startups. When you were on the bus, every time you went into a town you let five or six entrepreneurs to you. Then you gave money to the winner. Tell me some ideas that popped up and how that inspired you. We have got 50 investments so far. What was exciting is how diverse the ideas are. You see things in energy, food, education, health care. In new orleans, the it was surprising to see how strong the Educational Technology was. Probably because of post trina postkatrina. Town and said that having been in the classroom i have ideas of how it can be better for the class and better for the students. Now there are several dozen startups focused on Educational Technology in new orleans. In st. Louis and louisville we saw a lot of things focused on farming technology. Cleveland, baltimore, a lot of things focused on health tech because of the strength of Cleveland Clinic and johns hopkins. The diversity of these ideas is what is so moving and powerful and it gives us a sense of hope. We just need to get more of those entrepreneurs that get more spotlight on what theyre doing and more of the capital that they are doing. One of the things we emphasize is what makes some of these businesses really successful is the ability to partner with a legacy that exists in the cities. In columbus we invested in a company that is doing block chain for insurance. Massive jpmorgan facility in columbus, ohio. You are taking a young much per entrepreneur working with an exciting company. In annapolis we excited that we invested with a company that was doing clean water technology. To enable cities to test whether their water supply is safe for communities. What a lot of these opera under bernards had some connection with the crisis. These things are going to happen again and again. It is going to happen outside of the coast. If you want to build a company around Title Insurance for homeownership and mortgages, you need to have some expertise in these fields. If you want to have that is going to happen more and more in what we call rise of the rest. How do you find these ideas you . W do they find we have our website revolution. Com. A lot of times we find ideas and businesses through this vast network that we build. In colorado they can connect people with us. What we are doing. Bus tours, we go around and solicit and as people to pitch to us. We have one minute and i will turn to you. You have written the most influential bit book of our time. It ended up helping explain things that we did not know. Like some of the disaffection that affected our politics as well as the opioid crisis. And how that is certainly described in your book. How people get onto that. What have people what have you learned from that book and learned since then that you think is going to appeal to this country . That is a tough one. You have all of 45 seconds. A more sobering insight. The first is that i have talked to a lot of different people from a lot of different backgrounds and organizations, almost exclusively people are interested in what is going on and communities. They care about what is happening. What their fellow citizens, and they are interested in how to help. One of the things that continues to worry me is that we have a really remarkable level of geographic segregation in our country. We are kidding ourselves if we think that we can read a new york arc in new york article about what is happening in West Virginia and actually gain the insight necessary to help. If we want to do better by some of the communities, i think we have to spend a low bit more time together and there is no way to shortcircuit the project. Journalism is important. It is important that people care about these problems. People have a good heart for these issues. We have to get more time with each other or we are never going to solve these problems. I dont how to fix that problem. And the only way to fix it is everybody in this country ought to remember what is their community and go home at times. Like you have done in columbus. Many have tried to say ok it is time for me to come home and be in the city state community. Thank you all for being here. [applause] thank you so much for sharing. Announcer a discussion about Election Security infrastructure. Midtermfluence the elections. After that, from todays washington journal, a historian on Donald Trumps influence on the u. S. Presidency. Followed by Craig Shirley on Ronald Reagans influence on the presidency. P. M. The3 25 commissioner of the fcc on identity theft. Think emails found in the agencys Public Comments section. Later today, a preview of our landmark cases series. Ceo,enters president and yale law professor, and st. Thomas University Law professor. They review the 12 historic cases featured in the series. Live at 6 30 eastern. You can also watch on cspan. Org. Seriesans history beginning february 26 at 9 00 p. M. A look at the significance of Supreme Court decisions. Exploring this case with us are associate law professor at the university of virginia. And mark, all of professor at the university of arkansas. Cases live onmark monday, february 26 at 9 00 p. M. Eastern. Listen with the free cspan radio app. For background on each case, order a copy of the. It is available for 8. 95. For an additional resource, there is a link on our website. Announcer tonight, the ceremony unveiling the portraits of barack obama and first Lady Michelle obama. Joined by the artist of the National Portrait gallery, home to the only complete collection of president ial portraits outside the white house. Here is a preview. And each of these artists had andalk into the oval office i almost wanted to start of each conversation by apologizing for putting them through this process. Just to get this job, they had to come to the white house, to the oval office, and get grilled by the president and first lady. I am sorry. I am so sorry. Lost on us how unnerving this experience was for each and every one of them. When amy came in and it was her turn, i have to admit that i was intrigued