[ music ] >> hello. welcome to the program. we have talked to a number of innovators and visionaries on this show. as many of you know, i am a huge fan of risk takers of entrepreneurs, dreamers and men and women who dare to make a difference. we explore what needs to be done to foster an environment that encourages action taking risk taking. one mind comes to mind coastland, the successful al envisions. he has strong opinions and why suite is bad for business.

some conversations how the san francisco bay area has grown. salon.com founder, david talbot a perspective on what makes san francisco and the entire region special. a critical look at what needs to be done to continue to attract money, resources, and above all, talent to our medical research institutions, the chancellor of uc san francisco, sue desmond. >> leno coastland, it's great to have you onset. great to have you here. >> exciting to be here. >> what advice do you have for folks in terms of just whatever their passion is or direction, that entrepreneurial spirit that's inside all of us? >> i tell peel, if you are an entrepreneur, you have passion, go after what you are passionate

about. i generally find -- and this is surprising to people entrepreneurs who chase making a buck tend not to be as successful as entrepreneurs who chase their passion. passion is a key ingredient to real success in entrepreneurship and i item people their passion is what they can get excited. when somebody goes wrong, they will bang their head against the wall instead of giving up. >> that's what entrepreneurship takes. i am a huge fan. it's patrol the only thing, way more important than policy. the policy helps. it's way more important than policy in solving world's problems. >> can you teach entrepreneurship or is it insnarnt are we born with it? something we can evolve? >> a little bit of both. but i actually think what encourages entrepreneurship is great role models. just starting amazon and sergei

started google. the only 0 role model kids had was michael jordan. they all played basketball. now, there are a bunch of 20-year-olds who want to start companies. i am a real believer that setting great examples through role models is what gets people into entrepreneurship and they start jumping in. they stop being afraid. one of the biggest things that kill entrepreneurship surprisingly is the fear of failure. too many people afraid to fail. and i like to say, in fact one of my favorite quotes is john f. kennedy who said: only those who dare fail greatly. what is it? i want to go back to this failure because i agree. it's you miss 100% of the shots you don't take and this is a country where where the greatest

success is for people who work their way past earlier examples of failure. you talk about passion as you just did. and you talk about it's a wonderful book called built to last, big, hairy audation goals. you have to be audacious, reality around you. you have to actually have some confidence and fortitude, don't you, in order to succeed? >> you absolutely do. you know, in the failure thing is really important because somebody once said try and fail, but don't fail to try. >> right. >> famous people with quotes. >> experts with quotes? i want to hear them? >> these are just inspirational quotes. you have to be almost foolish to attempt some of the things entrepreneurs do.

back in the early '80s, i was -- i saw a film on hang gliding when i was learning hang gliding and it said dedicated to those who dare to dream the dreams and are foolish enough to try to make them come true. so i aadapted it to entrepreneurship. >> that's what entrepreneurship dreaming the degreesreams and then being just foolish enough to try what most reasonable people would not try. so i am a big believer and have become even more so that the best way to predict the future is to invent the future you want. you know, most experts i have -- i have no respect for experts. what i love is making the future you want especially in california, they are optimistic and committed to changing the

future future to what they want. >> you are sincere. i have heard you say this a lot. you subscribe to this point of view that it is absolutely essential we not listen to experts like yourself because i am calling ug an expert. what is one to believe? what [that leave us with? >> here is the statistical data. professors at uc berkeley a study in a book called future babble calledby dan gardner. he told 28,000 forecasts. the average accuracy the same as monkeys. >> across all disciplines? not just these pun dits you see on t.v.? >> yes. >> predicting the future? >> cnndits you see on t.v.? >> yes. >> predicting the future? >> cnn,. they are about as accurate as monk earnings good at telling

you what happened and terrible at telling you what happened. if you want to saul any of the world's large problems whether it's energy and we can talk about energy health. we can talk about food obesity all of those things. best thing to do is rely on young technologists, young scientists to invent the future we need. almost anything we want can be invented. since we started with green, it's almost career now we can produce oil that's renewable about the same price, maybe even cheaper than deep offshore drilling or the dirty i am sands in canada. it's clear we can double the efficiency of engines. so we use half as much oil and most of that half, we can produce what out defying the laws of economic gravity. i am absolutely a believer.

introducing light bubbles that use 75% electricity and journeys engines that use half of the oil, make that renewable, new kinds of batteries. just about everything can be reinvented i there were to you say that and i travel across this country. i don't see it. what is it about our incapacity? if you say we can invent our way out of these problems, we can dream, we can do, why can't we scale theseclusions solutions? what is it in. >> it takes time. so we didn't even get serious about investing in new injury from 2006 to 2008. that's when we got serious. let's say you started building an oil refinery in 2008, do you think it would be ready today? seven years to build a royal refinery. why would a renewable fuels

plant take less? it does but it takes many years. it's taken four or five years to create new technologies. in the next three or four years all of these will become instanciated as things that come up in the new model what's wrong with subsidizing solar and wind and tax credits other areas, lithium ion batteries subsidies

that hang on a long time are a horrible idea. it slows down at a time attractive fuels because corn has subsidy and corn ethanol has subsidy so there was double sub subsidy subsidy. wind has a subsidy today. i think it's a bad idea. why? because the cost of wind isn't trending down rapidly with scale. it's essentially reached the level it will with scale. so wind subsidies are a bad yd. sol solar is in that transaction where i think sub sit employees should go away pretty soon. but technology scaling and closts declining with scale, it makes sense to support them because because the countries that support them will own the industries that grow up. but it's hard to shut these off and that's where we have to have the will power to say it's time.

i argued wind should have been stopped two years ago interesting on the wind issue. i am hearing is not the subsidies ex peering but natural gas. has the price of nastural gas played into this portfolio of renewables? >> one of those expert predictions that fail. just five years ago, everybody was building l and g plants to import gas into the u.s. >> right: that's why you shouldn't rely on experts. natural gas can be used to replace coal.

the smart entrepreneur are looking at how to convert natural gas into liquid fuels so cars arecan run on it. in the end, natural gas is cheap. some of the alternatives to natural gas will slow down. natural gas does not do enough. it will go up in price dramatically, three or $4 or less five years from now, natural gas may be worse again even though people aren't expecting it. >> you don't believe in playing in the margins.

you want thinksgs that can scale. it's a hobby unless it can scale in. >> absolutely. howard business school about adid a case on by 0 fuel strategy and the top, they put a quote from me saying, my willingness to fail gives me the ability to succeed. if you are too afraid tofail, you won't try the things that may make you since. i don't mind failing. i will try lots of things risky things. if something has a 90% chance of if aking, i will invest in it because i look at it as a 10% chance of changing the world. so i don't mind failing. but it better be worth succeeded if you succeed. >> well stated. >> by and large what investors do is reduce the probability of failing to the point that the

consequences of success are inconsequential. i like the opposite. i don't mind failing, but it better be consequential to be succeed. >> so was solyndra a great example of all of this wisdom? >> look. the fact is whenever you go after new business, and it doesn't matter what it is, whether it's solar or a new kind of healthcare device, if something is attractive market, you either win place or show and everybody else is a lose her. >> that's the nature of silicon valley, the north of competition. many people go after attractive markets. most people who go after attractive markets fail. but the few who succeed more than make up. you know, around '98 when we had

the dotcom bulb, people said it was a bad idea. thousands of companies failed but a lot less money was lost in those thousands of companies than was made in google alone. right? so the failures don't matter, and people don't get this. reporters like to write about failures because it makes for more interesting press. nobody likes to have a newspaper open that says life is business as usual today you know. headless woman in topless bar. whatever the great headline is. but that's not what life is about. the dotcom bubble had nothing to do with reality. if you look at internet traffic, which is what every day people were doing on the internet, you can't tell when the bubble happened or when the crash

happened. it is constant increase in traffic. so what's real? what wall street thought or what normal people did every day on the internet? there was no crash. there was no dotcom crash when you looked at internet traffic. i challenge you to look at a graph and tell me that there was a bubble. i hate wall street. people are saying facebook was a failure. i would love to fame 100 times like mark zuckerberg and create 50 on $60 million of value. >> the bankers screwed them up i think. wall street screwed them up and the newspaper screwed them up by hyping it too much and then letting it crash. ty think somebody like mark creating a company like facebook that 900 million people use

regularly is a pretty phenomenal achievement crating $60,000,000,000 of value is a phenomenal achievement and where the stock price is whether it's 20% down from here or 50% up is largely irrelevant to the usage of facebook. so we really have to ask ourselves what's real and what's not. i applaud mark for the company he has built and the success he has had and i don't care about the wall street people who are trying to make a quick buck. sorry. no sympathy there. >> i think we have established two foundational principles: don't listen to experts. >> yep. >> and fail and fail with flare, fail with passion and purpose. learn from your mistakes. >> and fail intelligently. by that, i mean try smart things and fail. take smart risks. don't take every risk. and more importantly, when something is going wrong, fail early and quickly because you lose a lot less money and change

your tactics. i tell entrepreneurs, be obstinate about your vision. flexible. if one tactic is failing, change it quickly. admit failure. don't think -- don't try and support it. fail quickly, fail fast, learn from it, try again. >> great to have you on the show. >> it's great to be here. that was fun. thank you. >> when we come back what makes the san francisco bay area so great? what the rest of t it was a very hot day, i was roamin', roamin' roman through the desert. >> his camel had just eaten the last of his designer italian frames. >> camels! >> i don't think he trusted me. some of my people had tried to get him involved in pyramid schemes. >> those egyptians are always in denial. >> he arrived squinting. so i reached out to him and said wear these, idiot. >> and i see the most beautiful woman, bellisima! she wearing the sunglasses foster grant.

she taught me so much. about life, love, about affordable fashion forward eye ware. i love her so much, i tattoo her name. it is a eyeball. who is behind the foster grants? anthony! >> cleopatra. >>that's who. >> are you?

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>> san francisco is best described as 49 jail miles surrounded by rea lotlity. san francisco at its best has been a city of doers, entrepreneurs on the cutting edge of new ideas. in his new book, david talbot takes a differently look a

different lens of san francisco's history between 1967 and 1982 and explains it in a way that is en lining and excited. david, i am hon ordered to have you on the show. >> great to be here. >> you talk about san francisco being born with blood and strife. >> not with flowers in their hair. >> that's most people's image, a city of softies, hippies and flower children and there is that side to it but what my history shows is that this is a tough city. it was a tough city of working class irish catholics, italian catholics and when the first sort of invasion of the new, during the 1960s, the hippy invasion, summer of love hits the city, there is a ream culture war. the first culture war started right here in san francisco. >> the cult truer war again, you had a much more static environment in the 40s and 50s? >> that's right. >> is that it? everyone looks at san francisco as it's always been a city where people came from all over the world for rich did and new

beginnings. and so it was a koz month politan city. it had a tried allegation city. >> when people ask you what school you we want to they were talking about your pair occasion parochial school. working classes, uniontown, harry bridges, wrongshoreman's union, traditional on social values. when that first social waive hits the city it was a tidal wave in 1967. >> what was happening? what was it about san francisco that that waive wave in the first place. >> it was an open town. you can do anything you want in this city. just don't scare the horses. there was the beat experience, ginsburg wrote the manifesto. it was seen as an o assess by

young kitsds coming out of spliterred families. there was tension, obviously, throughout america in those years, in the 1960s over the vietnam war, over the draft. a lot of kids hit the road and they were inspired by the beats to head west to san francisco because they thought they would be welcomed here it was a place where they could experiment and they could be themselves. >> there was another side of that experimentation. there was hard drugs, a lot of runaways. you recount some stories saying hold on. this is even too tough for me. >> that's right. >> that was the other side. so you are getting the late '60s, you enter into the decade of the '70s. tough decade in san francisco. >> absolutely. i think the dream implodes in one way, the '60ss dream. san francisco was the capital and when it splitters no, city felt it's aftereffects more harshly than san francisco. you have 1 thing after the other

other, assassinations of marsconi and milk zodiac and zebra which in some ways is more fried anything because it was a black on white crime spree many felt brought the situate to the brink of a carwar. >> patti herselfarst, jim jones, the largest mass suicide and really it was more of a massacre. >> he was an influential character in san francisco. >> absolutely. >> this was someone who was wired. >> this was the great, i think, tragedy, sort of the liberalling leadership of the city and in many ways, a very innovation and brave leadership, george masconi who opens up minority to gaze and women. he got involved with jim jones because jim jones delivered the votes. he was politically potent.

willie bribe and others, harvey milk, himself, the great go leader because they knew jim jones could deliver troops. they canvassed campaigned for him. jim jones new all of the weaknesses and he knew how to play them. >> you chronicle a lot of those weaknesses in very rawdale but also in light of that, you also are balanced and you paint a wonderful picture of george masconi, the idealist and a very good relationship with harvey milk and the city recovering after that the assassination of both milk and masconi and having gone through one of the toughest decades imagined and working its >> this is, to me, the birth of what we know today as san francisco values, the values that drive fox news crazy and progressives get very excited. these are the values of tolerance, openness to change of a shared sense of humanity and i think in the early 'yates the city had the ultimate test with the aids epidemic. the city could have been pushed

back to the brink of chaos. you know, around the country, people around president reagan jerry fallwell were using aids to demoneyes the gay community but here in san francisco under the leadership of mayor dianne feinstein, the city took a more compassionate approach. she was a daughter of a physician, been married to a physician. she knew what medical protocol was all about. she went to the aids ward in san francisco, general, the great, i think, model for compassionate care in this country and told them the city is behind you 100%. we will do anything we can. this to me is the beginning of san francisco values because it says, like the saint, that the city is named after. >> saint francis. >> saint francis. we care for each other no matter how sick. no matter how untouchable we are, we care for our own. >> i think it's important.

san francisco is. >> president reagan wouldn't utter the term aids as president. this is the 34id 1980s, dianne feinstein as mayor is spvending more money in san francisco than the entire federal government. >> it was a sig anything capital amount of money even then,. >> remarkable. >> a remarkable percentage of the budget. >> other cities were rejecting aids patients, other states were putting sick men who were days away from death on air planes and having them flown to san francisco and literally dumped here mayor feinstein, of course spoke out against that and was trying to mobile eyes all mayors around the country to fight the epidemic in a but i mean san francisco wasn't even just taking care of its own. it was taking care of other people. >> so when you say that really defined the values that we know today of san francisco, was that moment in time where you had a city that was being torn apart in the '70s could have gone one of two directions and decided to step up and step in, in a big

way to solve the problem in a compassionate way and demonstrate national and international leadership. >> you can't legislate spirit or pride. >> that's right. >> but you can experience it appeared out in san francisco, we experience a lot of it even though we are attacked for those san francisco values and. >> and we get rid k50u8d and attacked for it from the fox news and the g.o.p. presidential candidates. but, you know, i think we are proud of the kind of changes that we do initiate because it moves the country forward. >> we should be proud of this work and thank you for reminding me a little bit of my own history and the experiences, having grown up in thiswondever at times whacky. >> a wild r50id. >> i encourage everyone to pick up "season of the witch" outstanding work. >> thank you, gavin. >> it takes money to build a great education system. it takes a huge amount of money

>>you couldn't say it any more powerfully than that. >>it really is incredible.

>> ucsf sue desmond hellman spent more than a decade at genentech, one of the nation's leading biotech companies. it's great to have you on the show. the famed, great to have you here. >> thank you. >> the innovation economy, the ability not just to research and blood pressure but to research and commercialize. where are we in terms of your assessment of the american economy in terms of our capacity to innovate institutions like

ucsf? >> on the i know ovation front, it's an amazing time. seriously, a time like no other in science. the kinds of deep understanding that we are able to make from everything from mitochondria to how the human body works is amazing. where we are snuck my opinion is to efficiently, meaning rapidlyly and predictbly translate that deep understanding into better health. >> you understand translation in an interesting way, sort of an inverse, you were originally at ussf but we want to genentech, partnered with stanford university, the first biotech company in the united states. you have an understanding of what that translation is about and the jobs created and the opportunities. where are we on that scale of innovation and translation in the context, as you said of the economy that we are in the lack

of federally funded research and development in terms of the if you hadding we have seen in the last few years in the cuts? are we at code red or seeing creepy immediate okayrity? >> i would say code red on two fronts. one is the -- this nation needs to continue to fund basic research. even though i am a clinician, i am a cancer doctor by background and saw what great translation and commercialization could make at genentech, the heart and soul of the american system of innovation is investment in basic research. ucsf is outstanding. we are the number 1 public institution in funding from the nih. >> national institute of health? >> we are number 2 overall in the entire united states here at ucsf. that machine of innovation that allows us to have a deep deep understanding of how thing work

is sent tram. onen one thing, gerting a fantastic return on that investment separately but very importantly, i am passionate about looking at uc at our ability to take that science and make it meaningful for human health. into bio marker devices so that entire industry has started to ask themselves a tough question which is: if you are an investor and you could invest in social media, games, we are surrounded with that in this town why should you invest in life sciences when those returns are so far out and so unpredictable? >> where i think academia can

make a big difference. we can look at those processes the process of taking science and bringing it into human buildings and translating it into better things for human health and how that process works and that would be for our passion and mission at ucsf that would be gray for human health, for families californians and from a business perspective, it would help the economy. >> but it's an interesting observation that we are seeing a desire for quicker returns so that venture capital, private equity investment. >> you bet. >> is not going to be in what? five, 10-15-year process fda approval on all of the risks associated with taking something from the lab to the bedside. >> right. >> so you county then on federal funds? >> we are extremely and extraordinarily dependent on federal funds to drive the research that comes out of ucsf. the national institute of health

and those funds directly feed that innovation and it fuels in our community that ingress of talent that's so essentially to keeping ucsf at the top of our game. >> you experience and i imagine your colleagues that are doing medical research all across the country are experiencing the same stress, the same frustration as these decline of federal dollars and the private sector beginning to drive in context or in contrast to what you were just expressing. what is the solution? what is it about the politics that exist today in this knot that's tied in our terms of our capacity to work together that's not get can through because republicans certainly want to see an innovation economy. democrats want to see new startups, jobs created, particularly small businesses grow. is it about that, that is not getting through in terms of that investment?

>> as directly connected to positive outcomes. no matter which side you are on. i am independent as chancellor and i think this is an independent issue is if our nation is going to make an investment, an investment in innovation, in research, and in education, it creates jobs. it creates wealth. sand a well trained work force in our country that is essential. if i think about the world we are living in 5 years, 20s years, there is a direct carvings. we need to make that case in a meaningful septic disasters are disgusting and costly, but avoidable. the rid-x septic subscriber program helps prevent backups by sending you monthly doses right to your door so you will never forget to maintain your system. sign up at rid-x.com.

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if you missed joy behar one week only... >>hey, time flies when you're having fun. >>don't worry because she'll be back. >>where are the lefties besides on current tv? >>joy behar is getting her own show coming to current tv this fall. >> we are back with sue desmond-hellman, a fierce advocate for hire education. you have states like california suffering from huge budget did he have citizen, a uc system, this 10-campus system that includes ucsf has been impacted

over $750,000,000,000 of cuts, million dollars of cuts this last 12 months, this year. so the impact creates a situation for you where you have got, i imagine, to dramatically retool your thinking in the context of where those dollars are coming from knocked to continue to be on the leading and cutting edge. >> that's right. actually, we have three sources of challenge right now from a fiscal standpoint. so we are living in the midst of this crisis in california. so our state dollars are threatened with the cuts of the uc system. we are in the midst of healthcare reform. our clinical revenue is almost certainly going to go down. you need to be more efficient. >> why is the clinical revenue going to come down in terms of the healthcare reform? >> what is in our opinion inevitable is that this country will need to spend less on health, if you will stop. >> 17, 18%. >> not 18% of gdp.

it's not sustainable. if you think about state funds, federal funds for research and then an inevitable decline in the money we menned on health which frankly, i think the nation needs from us we are pushing ourselves to be as efficient as possible. if you say how do you drive the innovation the future, how do you pay for what ucsf does? currently about 4% of the money at ucsf comes from the state of california, about 1% from tuition. we need to think about how we pay for our aspirations. >> what about public, public partnerships? what about leveraging existing public resources between different agencies? you have something called qb 3 which is a partnership between the number of universities within the bay area. is this the. approach to combine efforts and resources within other public universities and public system? >> absolutely. so qb 3 which stands for quantitative biology at three of

the universities of california, in this case uc berkeley santa cruz and san francisco allows us to look at how we can innovate how we can drive scientific discovery across the three institutions, company creation teaching scientists how to be an entrepreneur, connecting those scientists with people in the community and the commercial world and the venture world so that they can both bring their discoveries to society but also learn about a whole other world that you traditionally wouldn't become exposed to at a university. we have other public apologized that i think are worth celebrating, increasingly clinicians, whether they are a physician, a dents test, a nurse or a pharmacist may want to have multiple degrees. we have a program with uc hastings, so you can have a j.d. along with your clinical to do anything from intellectual property to policy to the regulatory environment. we collaborate with berkeley on

joint degrees that allow you to have a public health degree as well as your clinical degree. so increasingly, this specialization and the wish of our students to make an impact above and beyond clinical care, research and teaching, increasingly into policy or at a private institution. some of our folks will become ceos or venture capitalists or intellectual property lawyers. and it's all good. but it will not be possible to do it as one institution. >> speaking of the future, i mean what advice would you give? i mean the future or the present is very stressful for the system. we talked about the city of resources and the need to be creative now more than ever and other institutions having challenges across the country, more in states like california because of exacerbation of the bucket deficits. but what advice would you give policy makers at the federal you level and the state for that matter, even at the local level in terms of what they can do to jump start the economy?

and in that context, make the case for this innovation and entrepreneurial spirit that defines the best of american -- of america? what is it that they need to hear and what is it that they need to do? >> well, i would start with a very big picture level. i think of the -- our great institutions like ucsf saz being a place that changes the course for families. so i am in a family where i am in the second generation to ever go to college. and the opportunity for me to come to ucsf for part of my training just the opportunity, just think of scaling that. that scales actually really well. so i would urge policy makers to think of education not as budget burden because it's easy. you know it's hard and i am sim path a line item. think of it as an everingticulator that brings

people out of a life that doesn't have that opportunity. it creates opportunity for that individual and their family to have a getter life and i really believe that. i think that is is a special thing. so if you think about higher education as an asset and as that escalator that creates something that you can never take away from somebody, you know, good economy, bad economy, you have your degree. you have that training and education, it is something that you can have for life. and so i think i would start with policy makers thinking of that as a precious asset and then you put on top of that what a competitive advantage that is for california, for a company to come here and stay here and grow their businesses here and if you -- if you care and i think almost everyone i know cares deeply about improved health so having a healthy state with this opportunity for our state citizens, i can't think of a better investment?

>> yeah. >> it's not an investment for next week. it's an investment that's going to pay off. i would encourage, if i was doing the onboarding in sacramento, that would be fun. i would encourage people to look at the, you know, the whole thing of clark kerr and the master plan and the history of the university of calf system where it came from why we have it and what an asset it is. and i think that that's really inpiring. so i think for people who go to sacramento, it's a hard job, and the choices are gut-wrenching. these are not easy trade-offs. so as the people who are symbol for policy look at making those trade-offs, the question is, it's like when you are in a company, you know, i made invisit investments when i was manufacturing a portfolio of products and i always had to think about, okay returns we need one year, five

years, 10 years from now? so i would argue like many other investments, higher education has that kind of pay-off, and for the citizens of the state, when i look at the kind of -- the kinds of illnesses, alzheimer's, autism, parkinson's disease, cancer diabetes solving the obesity epidemic we are having in this nation, these are huge issues for the quality of life of californiaages and the nation and the world. so i would want those policy makers to think about both the long-term consequences of investment in a positive way, but the other thing is we have an as edit. we have an asset in california called higher education in the uc system, the greatest public university system on the globe. >> yeah. >> we've got people tracing to california to see what we did to create this. it took decades to get to where we are in the system, and really shot to goof it up you

know. >> there is no doubt. i mean when you stop and what's happening in the uc system and for folks all across the country, this matters to them because the uc system has been the engine of innovation for this 9th largest economy in the world, california. but you don't cut into the muscle and the bone. you startcut cutting into the artery, you can bleed out quickly. it takes 143 years to build up can be destroyed in a short period of time. the bottom line and what i hear from you is we have got to invest in the future so we will do well there. that means investing in education and leading our industry and i think that's good advice not only for california but for this country and sour sewn history. states like california are great and that formula for success, that foundational formula, education, research and development and innovation. sue desmond-hellman, great to have you on the show. >> thank you for having me. i have enjoyed it. >> when we come back final

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it's go time! >>every weeknight cenk uygur calls out the mainstream media. >>overwhelming majority of the county says: "tax the rich don't go to war." >> there you have it, a great nation with a great city and bright ideas. it sounds simple. venture capital, right regulatory environment and the best educational facilities creating a stimulating environment for growth yet here in california, for that matter across our nation, we have clearly lost some global edge. we need to step up our game. it begins with people folks like vino khosla.

we have to celebrate, for the just to rate diversity and inspire our cities, a culture of risk taking and for sale. we need to continue supporting our great educational institutions. in this budget-cutting climate, our situation of higher education is at great risk. it took nearly 150 years to build our great universities in california like the uc system. it doesn't take long to tear them down. thanks for watching the show and let's continue the conversation on our website, facebook twitter and google plus. ♪ >>we talk a lot about the influence of money in politics. it is the defining issue of this era. the candidate with the most money, does win.

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