In your new book the innovation stack you talk about a glassblower to team up with the founder of twitter to build a multibilliondollar Payment Company you talk about perfect problems when did you realize how Business Payments were a perfect problem . I needed a way to delineate problems if you think about the worlds problems those that are solved so we could copy the solution. And then for one reason or another are not solvable. We dont have a way to do it but then that group in the middle of solvable problems that have not yet been solved is the perfect problem because that is the focus of what we accomplished to look for a way to solve a problem that is solvable that hasnt been done you have to do something new. So what happened with jack dorsey and i come i hired him when he was 15. A High School Student came into work at a company that i still have. I dont run any of my companies but i also dont sell them. We started working together and he went to college. We kept in touch. Then
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
Perfect problem. So he needed a way to sort of delineate problems. If you think about the world problems, you got the ones who are salt so that we can cover the solution. And may be a problem that symbiosis already figured out. Then you have the ones that are one reason or another are so lovable. We just dont have the ways to do it. But then theres a group in the middle of solvable problems that have not yet been solved. Jim so that is what i call the perfect problem because that in fact, is the focus of what i think the leadership is. In other words we are looking for a way to solve a problem that is solvable but has not been density going to have to be doing something new and you dont get a copy it. So what happened with jack, jack dorsey and i, while i hired jack when he was 15. It was a High School Student and came into work at a company that actually still have. I dont run any of my companies but i also never sell them. At some of this one has been around for 30 years. And jack an
Item two is pledge of allegiance. I pledge allegiance to the flag of the United States of america and to the republic for which it stands, one nation, under god, indivisible, for liberty and justice for all. Item 3, a approval of minutes for the may 12, 2020 meeting. So moved. Second. All in favor. Aye. Approved. Role call vote. role call . It passes unanimously. This passes. Item 4, please be advised a member of the public has up to three minutes to make Public Comments on each agenda item unless the Court Commission adopts a shorter period on any item. Please note that the Public Comment period, the moderator will instruct dialparticipants to register comment. Audio prompts will signal to dial in. Please dial in only when the item you wish to comment on is announced. Item 5, Public Comment on items notlessed on the agenda. We will open the phone lines to the public to take Public Comment on items not listed on the agenda from members of the public who are joining us on the phone. Jen
And more. Fox Business Team coverage as the market closes. Blake burman following the president s movements. Edward lawrence is in washington. Blake, we start with you as President Trump moves on to a tour of this ford plant. Reporter exactly a tour of the ford plant in ypsilanti michigan. This plant was making auto ports parts. They brought back workers in to take on the health care fight. What well see President Trump highlight the ford plant in particular for making up ventilators which the president , Vice President , feel is really one of the main success stories. The ability to sort of reposition to take up the health care fight over the last couple months. So we anticipate that, that meeting with the ford president here shortly. What we did hear from the president today is this continued push for his belief that the economy and that the country needs to reopen sooner rather than later. For example, the president saying that earlier today he had a phone call with the cdc about op