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
Maria good thursday morning, everybody. Thanks very much for joining us this morning. Im maria bartiromo. Is thursday, march 14, top stories right now, 6 00 a. M. On the east coast. Today, tiktok on the chopping block after the house overwhelminglies passes a bill forcing tiktok to divest from Chinese Parent Company bytedance or face a ban in the United States. American companies are now vying for the app as the bill bill mos onto the senate. Markets are trading this way, all to the plus side, just a few days ahead of fed meeting. This morning we look ahead to the february Producer Price index and retail sales out this morning, the fed meeting coming up this week on theth and 20 20th. More earnings out before the bell, Dicks Sporting Goods and Dollar General reporting. Bitcoin above 73,000 but it is below alltime highs this morning, the euphoria around bitcoin continues. Were talking about it. European markets trading this way, the eurozone, we are looking at a mixed story in europe, f
[inaudible conversations] we are on a tight time schedule. Today the conversation is on fire. [inaudible] a decade of governor waller. Prior to his confirmation appointment as the Federal Reserve board governor he was executive Vice President of the st. Louis reserve and a partner that the distinguished economic professor at u. Of Notre Dame University of kentucky and university of indiana. With an extensive and to lesters academic pedigree with experience within the st. Louis Federal Reserve he has taken that view to washington and has come up with some strong views in washington and i want to start with the comment you made in a speech entitled cdbc a solution in search of a problem. In that speech he said quote theres no reason to think the Federal Reserve can develop Cheaper Technology than private firms. End quote. I opened state america are the runs on the cdbc commercial Digital Currency. Do you see a benefit to society that swapping out the first commercial to central . I gave
The Financial System that we deserve to have for everyone. We need to do a lot better and bring all of the rains together to get better. What she said. Soul. [applause] thank you so much for great panel. We are taking a break. Cause [inaudible conversations] we are on a tight time schedule. Today the conversation is on fire. [inaudible] a decade of governor waller. Prior to his confirmation appointment as the Federal Reserve board governor he was executive Vice President of the st. Louis reserve and a partner that the distinguished economic professor at u. Of Notre Dame University of kentucky and university of indiana. With an extensive and to lesters academic pedigree with experience within the st. Louis Federal Reserve he has taken that view to washington and has come up with some strong views in washington and i want to start with the comment you made in a speech entitled cdbc a solution in search of a problem. In that speech he said quote theres no reason to think the Federal Reser
Nearly 3,000 coming just in the first 90 minutes. The blue chip index closing down more than 500 points for the second straight day and over the last three sessions the dow and s p are down nearly 9 and the nasdaq is off almost 10 yesterday alone 685 billion is lost among market cap in s p 500 companies. Thats 100 billion more than apples market cap. If they dont tell you enough about the volatility check out the vix. Moving above 50 intraday for the first time. Check out the front pages of some major newspapers around the world today. Youre looking at sort of a full list of whats going on in virtually everybody touches on the market above the fold. Like the bear there on the New York Post . Wild. And the guys a lot of times the photographer is waiting and he may have a scratch here on his eyebrow and looks like hes stressed. I think they pose for them now. They see the photographer coming and theyre like that and just do that look. They want to be in the paper. Come on. Have you notic