Is it working right now . Awesome. Again, i kind of skipped over the we are doing three competitions every single day. How many people actually still use fine use vine . Like six of you. Tomorrow we will be doing another one maybe around instagram and maybe one around twitter. Keep your eyes peeled for that. Lots of really cool prizes. I have to be up here in advance for a long time without very much to say. Does anyone have questions . No . Ok. Why is it so cold . Excellent question. The first is that there are a billion bodies in here, and if we did not make it cold, you would complain the other way. No . That is not true . I have been in the district with a busted ac and you guys were mad, like mad mad. So you guys would like to be warmer . Ok, i will spend my time during negotiating and see what i can do and i will come back and let you know what i get with the ac. Do you guys have an optimal temperature . 75, 73 . No . 75 is summer. I will aim for 75. We will get that sorted out a
Profitable Business Model and no one has really done it for financing so we set off with affirm to try and do that. What we did that and started with was pointofsale lending. When you go to the Department Store the person will say come apply for the instore credit card and you know it will be a painful process and you probably when i get approved and it is based on your fico score some magical scored no one understands and the fees will be bad and the Interest Rate horrible but it is a great boon to retailers. It increases sales and improves conversion. So they say what if we provided a great alternative. But affirm is for consumers to make purchases at pointofsale . Thats what it is today. Youre taking a one interest load, slightly high and then fairly low. Compared your credit card, if will pay 700 several hundred dollars. What would you charge me on an affirm loan . Somewhere between 60 and 17 and the average credit card, the millennial someone who is fresh of college with a psycho
Look, does anybody out are still have their myspace profile up . Do you want people going out looking at i do. You are still friends with whats his name right . Exactly. The whole point is we over time your digital profile gets so big that it has a set of consequences that we havent even begun to consider. So we will be creating tools and extending the cyber dust digital platform to shrink that footprint to let you gain more control of your privacy and to protect you from who knows what. Mr. Cuban, switching gears a bit, i call 50 cents 1 cent one time. People to remind me. Cyber does what for you . I have no idea. More than in terms of companies ive started and run 30 plus. I tried to figure it out that it could and thats what i asked. Really, what drives you to keep on founding a new companies . Business is the ultimate sport for me. Dealing with the mavericks, i will talk to our guys in talk about the 48 minutes, practice and preparation but there is no sport as competitive as busin
To help you with the political war. You put it differently, you said its a campaign that you are running. Is bringing him on part of this creating a kinder, gentler he does not start until the end of september. He was obamas 2008 Campaign Manager and he was an advisor sort of in between the campaign and the white house in 2012. He is a pretty incredible guy. But the context is we view where we are at as there is a Political Campaign that is happening. We did not really realize it but there is a Political Campaign that is happening and uber was the candidate. The opposition was the taxi cartel. They were the opponent. Maybe there are some primaries going on that some other folks in the ridesharing space, etc. But the big opponent was the taxi cartel. They have been giving political donations for dozens of years, tens of years, decades. They have been lobbying folks for those same decades. Bayonne local politicians. They have created a monopoly in every single city for taxis. The causes
Families together. Why do you think it is . If you have an eightyearold, 12 year old and they are sitting there at home on a friday night saying i like this idea or do not like this idea, i wouldnt pay as much of the evaluation, understand what equity is an approximate gross margin. Parents, you will be proud of your kid when their top by that instead of was number one on the charts and tell me about our rio Arianna Grandes latest hit. It is to them being an entrepreneur and being excited about business. You can call it a new age lemonade stand. And theres a theater for a entrepreneurship and we see that with techcrunch and you are involved. We have had Companies Grow up and blow up. Switching gears and well wrap it up shortly, you recently talked about Companies Moving overseas to avoid u. S. Taxes. Whats wrong with trying to make your company more profitable . Absolutely nothing with making your company more profitable, but who owns your company . Shareholders. There is a misconcepti