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
Of dollars into indias internet giant geo so whats the deal were going to discuss it all right its time to use i q. We are tracking the latest coronavirus numbers for you worldwide cases now topping over 5100000 with over 333000 reported deaths still leading the way the u. S. With about 1500000 confirmed cases and 94000 recorded deaths and as the world continues its fight against the pandemic the race is on for a vaccine. Is joining us now in studio with more on this angle so whats the timetable were looking at here so if all goes well manella it could be as early as october that we could actually see some type of coded vaccine so right now we do have british researchers at Oxford University theyre moving into advanced studies and theyre aiming to immunize a little more than 10000 people to see if the shot works Scientists Say that they will vaccinate all age ranges from kids to senior citizens. Who we know are the most at risk but today a big announcement from the Trump Administration
Of dollars into indias internet giant geo so whats the deal going to discuss it all right its time to boost your news i q. We are tracking the latest coronavirus numbers for you worldwide cases now topping over 5100000 with over 333000 reported deaths still leading the way the u. S. With about 1500000 confirmed cases and 94000 recorded deaths and as the world continues its fight against the pandemic the race is on for a vaccine. Is joining us now in studio with more on this angle so whats the timetable were looking at here are its all goes well manella it could be as early as october that we could actually see some type of coded vaccine so right now we do have british researchers at oxford university. Are moving into advanced studies and theyre aiming to immunize a little more than 10000 people to see if the shot works Scientists Say that they will vaccinate all age ranges from kids to Senior Citizens who we know are the most at risk but today a big announcement from the Trump Administ
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