Group in the middle of solvable problems that have not yet been solved. Thats what i call the perfect problem because that in fact is the focus of what i think entrepreneurship is. In other words, you are looking for a way to solve the problem that is solvable but has not been done. Youre going to have to do something new but you dont get a copy. What happened with jack, jack dorsey and i i hired jack when he was 15, he was a High School Student, came into work at a company that i still have and i dont run any of my companies they just sell them, this ones been around for 30 years and jack and i worked together and he went off to college and he got kicked out of twitter and the first time i guess. And they showed him the door and he came back to st. Louis and we were heading out and talking. And we decided we would Start Company together. So then we were kicking around for ideas, he did not have an idea and i did not have an idea so we look for problems i solve and we came up with the
Best talent because they are the best food. You know, that have the relationships with universities and it doesnt mean there arent other Companies Like salesforce or uber that are doing Amazing Things but it is these Nine Companies that Everything Else flows. The entire ai ecosystem, in some way or the other, touches these nine. In addition to all the things that i just mentioned they are building the framework and the custom silicone tips and they have the code bases. All roads lead to these Nine Companies in the challenge that i have is that if it is the case that Artificial Intelligence is not just being built to create a better microwave although that is cool that instead to optimize our lives using data as currency what does it mean when we relegate that to just a handful of companies and a handful of people working at these companies who probably dont look like us and dont have the same worldviews as us and what are the longerterm downstream invocations of that look like . Three
So, scott cooper, what does a Venture Capitalist do . Basically what we do is we provide money to companies that are trying to grow and hopefully arbecome very Big Companies like facebook or google or apple someday and then if we are doing our jobs correctly we are also helping them grow the company so we dont work in the businesses but hopefully we can provide introductions to them and help them navigate new challenges as they go through the business so we like to think of ourselves as a money provider and hopefully a supporter as the business grows. Why cant a company such as a the one you describe go through a bank and do traditional avenues. Good question. The problem is most of the businesses we reinvest in our ricky businesses and lose money for a long period of time as they invest in banks are just not in the business of doing that or taking risk of losing their capitals so we are willing to take that risk and in fact half of what we invest in will lose our money and any bank wh
Citizens. Amen to that. But unfortunately, we have democrats that are supporting sanctuary cities, putting the welfare of illegal aliens before american, and that is the launch our discussion. I want to read a statement to you, and this is from a news release from the u. S. Information and customs enforcement. And i quote. Racea khan, 21 an unlawfully plent Guyanese National was arrested january 10, by the nypd, the new york police department, and charged with murder, sexual abuse, contact by forcible compunction, and sexual abuse against a person incapable of consent. Khan was previously released from a local Law Enforcement custody, in november, 2019, with an active detainer, due to new york city sanctuary policy, end quote. The victim, a 92yearold woman. There was an active i. C. E. Detainer, which was ignored by local Law Enforcement. This is one of many stories, and i want to start with rich, because you and i were speaking backstage about the very subject. If you could just elabo
Immigration policy, and the governments response to the coronavirus. Then trump 2020 Campaign Manager brad purcell and Trump Campaign Senior Advisor ab explain the president s Reelection Campaign strategy. After that, House Minority leader mccarthy senator josh hawley ed donald trump junior on Tech Companies regulation of their social media posts. Ken cuccinelli the acting Homeland Security deputy secretary spoke at the conservative Political Action conference in National Harbor maryland. He talked about water security, immigration policy and the coronavirus outbreak. I thought the primary role of government was to protect its citizens . Amen to that. Unfortunately we have democrats that are supporting sanctuary cities putting the welfare of illegal aliens before americans and thats the launch of our discussion. I want to read a statement to you and this is from a news release from the u. S. Information and Customs Enforcement. aband unlawfully present. Guyanese national was arrested j