Rights on personal privacy that are guaranteed to us. Nevertheless, i think we must carefully review and analyze consequences of any proposed notges to ensure that we do compromise our ability to detect threats against american citizens. The sirennot play to song of the political response simply to these people that we are responding to their misperceptions, in many cases, because there is too much at stake, mainly the security of americans. Compromising to please a skeptical and frequently misinform the public, and therefore losing our ability to protect americans is something we have to take very seriously. I think as we go forward we have to carefully weigh and consider the response of general alexander to my question to him in a public hearing, when i asked him about the question of diminishing our capabilities to detect and thwart an attack. His answer was americans will die. We i hope as we go forward keep that in mind as we examine how we are reconstructing this program, and mak
The Leadership Group basically for free. Because we want to capture in the them to the dna that david packard, our founder had, which waa balae of running, brilliance, Dynamic Companies while, at the same time, being deeply engaged in your communities and in the quality of life of your employees. That is the scale that we want to raise up in these incredibly innovative young entrepreneurs. We have about 20 of them here in the audience today. I want to just mention three of them and embarrass them. They do not know i am going to do this. All of these at this in common. They have less than 40 employees currently. Their business has been around for less than four years. And, like me, they are younger than 40 years old. [laughter] why are you laughing . [laughter] let me introduce the ceo of snoozie. Stand. [applause] the ceo of good joe. [applause] and the ceo of sylvantex. [applause] a lot of these startups doing incredible innovation. Some will succeed. Others will not. These people, ho
Imus in the morning good morning, everyone, friday, january the 18th. Have you checked your 401 k today . Maybe you should. Without much fanfare, stocks have climbed to near alltime highs. All right. The financial headlines have told a very different story. The fiscal cliff, debt, unemployment high. Were just like europe. The top stories about your money have been negative and not likely to improve that much. Here comes another pathetic debt over the debt ceiling and another downgrade, true. May have we have been distracted by that, put the bad news aside and see the Dow Jones Industrial average within 6 points, 14,164 in 2007. And in a few minutes, the dow starts well above 135. And here is more good news, your house keeps going up in value, not by much for most people, but up is up. So, cheer up, everyone, you might not like the election results, but your money is doing well. And Varney Company is about to begin. New funds in the tech world, its not apple. Youre used to long lines ou
I will use us as an example. We have a team in this building working on lithium batteries. Their goal is to build a battery with 500 miles of range, for obvious reasons. We hope they will have a prototype in the feet next few years. We think in the next few years. We think the stars are lined up. That is a longterm investment. Next question to all of you. Michael, we will start with you. We know government is the regional at the regional, state, and local level can help or hinder startup companies. What would you like to see from the governments here in the valley, sacramento, or in d. C. , that would strengthen the innovation economy . I could go on about immigration and Corporate Tax policy reform, but i am a researcher, so i will not. And we have seven minutes. Mayor lee said it perfectly. The fundamental thing that companies are looking for is to be engaged in the process. We use a term in computing called agile. We look for more ability and the possibility to work with us, iterate
Very active, quiet, kind of a greyhaired mentoring culture that helped people do what they do. I do not see that anywhere else. People give up their time, give of themselves. It is just a spectacular way to foster innovation. I want to talk about innovation in the bay area for a moment. This is for all of you, but i will start with you, mayor lee. How would you describe the state of innovation in the bay area right now . Are you concerned instagram comes to mind about a bubble . We have been trying to analyze that question with financial people and people in the industry. I do think there is more maturity with the companies. I get a chance to go out and talk to one new company week, when i get out of my city hall prison to meet the innovators. They introduced me to their employees. I get to have a direct dialogue with the employees and ask them what they need to stay. They say they really like being in our city because of the night life, the culture. They want education, they want a be