that's not how any of this works. [ male announcer ] 15 minutes for auote isn't how it works anymore. with esurance, 7 1/2 minutes could save you on car insurance. welcome to the modern world. esurance. backed by allstate. click or call. . >> is the american dream dead? >> is the american dream dead? >> dead? people say it is the american dream dead? >> dead? people say it is. >> only one out of four americans still believe in the american dream. >> why is that? >> lemonade for sale. 50 cents. >> maybe because there are so many rules that it's almost impossible for me to sell li lemonade legally. >> i wasn't allowed to bake and sell anymore. >> despite the obstacles, people keep creating to things like a bar with market prices. food and all sorts of grand

ideas. >> want to buy a fox t-shirt? >> the most patriotic thing you can do as an american is be filthy rich. >> risky business. >> there's a time for playing it safe and a time for risky business. >> that's our show tonight. risky business for those of you who know the tom cruise movie, i want to be clear that our show tonight is not about running a brothel in your home. most fail. that process of trying and failing and maybe failing again but sometimes succeeding is what made america prosperous. many people call it the american dream.

but now i'm told the american dream is dead. >> you can't just make it if you try. the american dream is dead. >> really? i assume that's just the victim mentality that's all over the left wing media, but conservative economists also say the american dream is dead. >> it's not dead. it's under an evil spell like sleeping beauty. people are not perceiving an effect in their lives the way it did in the past. >> really? because i am. i see it all around. maybe i'm bias because i work at fox business, but i see all kinds of people with new ideas. >> you're bias because you have a job. one simple fact. the russell 2000 companies, which are smaller expanding companies, have half the number of jobs they did before the financial crisis because the united states government has done everything possible to make it hard for people to take a new

idea from inception to startup to expansion. >> because they keep passing more rules? >> absolutely. just before the show, i had lunch with the former chairman of one of the largest home furnishing chains. i told him i'll be on the show. he told me, shut washington down. that's all we need to do. >> you also say globalization makes it tougher. >> globalization increases the threshold, john. >> you need government relations people. >> when you're dealing with a lot of countries, particularly in the developing sector, dealing with governments is an art. not a science. >> i interviewed one billionaire who is a good example of someone who has achieved the american dream. when mark cuban was 24 years old, he had no money and no job

prospects so he created several companies. >> i just worked. i worked all night every night. the most patriotic thing you can do as an american is be filthy, filthy rich. you're creating jobs and opportunities. >> cuban started the company compuserve and hg net. now he hosts a tv show that invites entrepreneurs to pitch ideas and sometimes invest in them. >> it's exciting. his show is a hit. they probably stole the idea from this old pbs show. >> looking for money to grow, we call it "money hunt". >> he has a product that's very good, but what will make it marketable. >> i love the idea for your business. >> every time you think this guy has gone over the rainbow, he keeps sucking you back in. >> the speaker there was

entrepreneur miles spencer. here he is almost 20 years later. now you just don't give them advice. you're investing in companies. >> yes, both cash and mentorship and leadership. >> what about this theme the dream is dead? >> absolutely not. i don't think the dream is dead. it certainly dies in certain sectors. every time a dot com failed a few years ago, a google emerged. >> one thing featured on the show was pirate brands. they make stuff like smart puffs, pirate booty. miles gave a ceo advice and you helped him. >> a couple seasons ago he came on this show doing $2 million in sales. >> that turned out to be one of

the program's big successes. >> they just sold out to bg foods. he needed that team building and leadership and mentorship that allowed his business to grow. >> if it's tasty, i'm not doing a commercial for it, wouldn't it just succeed because it tastes better? >> that's a quaint thought, but today it is a global economy. it is crucial to have great marketing and great product. it's not just about a one-trick pony anymore. >> any other successes? >> there was one company. we did invest in them. we put them on as an expert. >> failures? >> tons of them. as a matter of fact, there was one entrepreneur that we wrote a

check about six figures on the show. and i think the money was gone before the commercial break. >> that was the dot com bubble, though. >> it was the dot com bubble. there are a lot of other shows out today that entrepreneurs try to pitch and wrangle a check out, but it takes a lot more to build a business than just a 20-minute pitch. >> there's an excitement there. i feel it around here at fox business that being an entrepreneur, taking the risk, trying something, it just builds adrenaline. >> i absolutely thrive on the adrenaline. >> part of the adrenaline is when you invest, odds are you'll fail. >> 80% of them fail in the first year. 10% in the second. 5% in the third. >> but the five have to be profitable enough to pay for the 95 failures. >> and then some. i mentioned one of my hits.

that would pay for 10, 15, 25 failures. >> now i work for a two-year-old startup company in hong kong. are ordinary americans seeing the benefits of entrepreneurship in the way they did in the past? in the reagan administration, most startups did great. in the obama administration, most of the jobs are coming from big companies. that confidence has been lost. >> where did you have more fun? >> the small company. >> america's always been a nation of doers. we build things. we take risks, and we believe if you have a good idea and you're willing to work hard enough, you can turn that idea into a

successful business. >> yes, but then two years later, he said this. >> if you've been successful, you didn't get there on your own. if you got a business, you didn't build that. >> what's that about? >> there's a kernel of truth in what obama is saying. all the technologies that transform the american economy had some government partnership. microchips, microwaves, lasers. >> but a small amount. >> government doesn't pick who succeeds or fails. it's the free market that does that. that's what's so great about entrepreneurship. it is much more exciting to start a business than to work for a large company. >> now the president says it is government's job to help businesses succeed. >> i've called on my entire administration to help entrepreneurs get loans, cut through red tape, speed up innovation, and get their businesses off the ground faster. >> what? they've done the opposite. they pass a thousand new rules

every week. all those rules are obstacles to entrepreneurship. when i interviewed mark cuban, he said under today's rules, he couldn't have built the businesses he built. >> there are so many things you have to sign up for, that you have a better chance of getting in trouble than you have of being successful. >> the president says, we're going to help people get loans. like they're going to pick and choose? >> i don't know if the government wants to be our partner here. the partners that i think of are sweating payroll and working with me the late hours over the weekend or developing the products. >> the left now says income inequali inequality, which is big in america, that that's a threat to the american dream. >> no one cares if bill gates

becomes a billionaire, if life improves. now the kind of opportunities -- the fact that a few people get rich has nothing to do with that. people get rich by creating new companies and products that benefit everybody. nobody cares. that's the dream. the equality issue is a complete red herring. >> there's a company that has something called the death chart. tell me about that. >> it is the statistical analysis of how many businesses have started in those industries and how many have failed in those industries. >> the top here is social media. >> category killer, facebook. there were thousands of other businesses in competition with

that. most of them have been wiped out. wouldn't invest in that to do. >> linked-in had a column. ten reasons you have to quit your job. that went viral. abundance will never come from your job. this says the dream is alive. go do it. >> i think so. being an entrepreneur and creating businesses is so much better than working at your job. having said that, it's not for everyone. there's a lot of stress. there's a lot of lumpiness. there's a lot of risk, which is the title of this segment. >> most people are not entrepreneurs. >> how do we pronounce it? who is right here? >> tomato. tomato. >> entrepreneurs have complete faith in their projects. >> a good entrepreneur is deluded. >> 90% of them are going to lose their shirts and the 10% are

going to make their lives better. most people do not have the faith in themselves and the vision to be entrepreneurs. that's why most of us ought to be working for those entrepreneurs who do have the competence and the vision. >> there's a great saying. many great young entrepreneurs didn't know what they couldn't do. >> final thought. amazon, i learned, will now pay employees $5,000 to quit. >> i've done it in my companies after 90 days. they're going to become cancer and effect others within the organization. we're growing businesses very quickly. we can't run fast on a bad wheel. we offer people a leave bonus after 90 days. >> thank you. keep this conversation going on facebook or twitter use that

hash tag risky let people know what you think. coming up, more risky business like a bar where the price fluctuates like the stock market. >> i'm going to cause a market crash. but next, look at these delicious desserts. they were made by this 12-year-old in her mom's kitchen. when she sold some, government demanded she stop. she's here to explain next. th. ♪

lookin' good, flo! feelin' good! feelin' real good! [ engine revs ] boat protection people love. now, that's progressive. call or click today. i've got a to-do list and five acres of fresh air. ♪ top three tools -- hammer, screwdriver, front loader. happiness is a drive-over mower deck. a john deere dealer can teach tractors to anybody. [ don ] in the right hands, an imatch quick-hitch could probably cure most of the world's problems. [ male announcer ] that's how we run, and nothing runs like a deere. visit your dealer or johndeere.com/1family.

when you didn't dread when youbedtime becausenner with anticipaof heartburn.itation. when damage to your esophagus caused by acid reflux disease wasn't always on your mind. that's when you knew nexium was the prescription medication for you. because for over a decade nexium has provided many just like you with 24-hour relief from heartburn and helped heal acid-related erosions in the lining of the esophagus. and now the prescription nexium you know can be delivered directly to your door with nexium direct. talk to your doctor to see if nexium is right for you. there is risk of bone fracture and low magnesium levels. side effects may include headache, abdominal pain, and diarrhea. if you have persistent diarrhea, contact your doctor right away. other serious stomach conditions may exist. avoid if you take clopidogrel. for 24 hour support, automatic refills, and free home delivery, enroll at purplepill.com.

it's the nexium you know, now delivered. mattress discounters memorial day sale! what's this? a queen-size sealy gel memory foam mattress for just $497? mattress discounters has the largest selection of memory foam mattresses under one roof! comforpedic...

icomfort... optimum... and wow! four years interest-free financing on the entire tempur-pedic cloud collection! don't miss the memorial day sale. ♪ mattress discounters . john: lemonade for sale! lemonade f lemonade for sale. lemonade for sale. >> that's me making a fool of myself just outside of this studio. i tried to decide lemonade legally, but i couldn't do it. fox lawyers only let me do this if i gave them their money back. you must complete a 15-hour food protection course. register for a food safety exam. pass it. apply for a temporary food

establishment permit. arrange to be inspected by the food health department. you have to buy a fire extinguisherer certified by the government. i gave up. chloe sterling is one of those people. she's 12. she joins us with her mom, heather. you took a baking class and then what happened. >> about two years ago, i took a baking class. after that first class, i decided i really liked to do it. when my friends saw the pictures of them, they wanted me to bake their cakes and cupcakes for their birthdays. >> and then they started paying you for them? >> yes. >> and then it grew? >> yes on popular demand. >> at 8 years old, what

happened? >> at 8 years old, the ipads came out. she came to me and her dad and said she wanted one. she decided she was going to earn it. she decided to start our own pet sitting business. she pet sat all summer long and bought an ipad. took her a few months and she got it. >> you were selling how many cupcakes? >> probably a dozen a week. >> she had orders every weekend booked a month and a half out. >> how much money? >> i really don't know. i just knew i was putting all the money in my savings account. >> how much money? >> she probably made 50 bucks a week, maybe. >> the local paper did a feature story on you and immediately after that, an e-mail came from

the health department saying -- to you, to mom -- >> please call us about your daughter. when i called they said, she is not to bake anymore. do not let another cupcake leave that house. >> do not let another cupcake leave the house. we asked the illinois department of health about this. in a statement, without standard sanitation training, clear labeling of ingredients that could cause fatal or allergic reactions, we cannot insure the safety of foods. what about that chloe? they're protecting me from you poisoning me. >> i thought that it was kind of odd that they wouldn't let an 11-year-old bake out of her home and sell it to her friends and family. >> but you're making money. >> yeah, i was making money, but

i was only 11. i wasn't making a lot of money. >> she might have poisoned somebody. >> she's never sold a cupcake that anybody that was not 100% aware they were buying a cupcake from a child that was prepared in her kitchen. everyone that ever ordered anything from her came to her. she's never advertised. she's never had to look for business. they have come to her willingly and she's never made anyone sick either. >> what's happening now? are you giving up? >> we're not givie inggiving. -- up. >> you've made progress. >> we've got 100% of the votes towards us on the committee and the house. >> also people are donating commercial kitchen equipment to you. >> yeah. part of the big issue here was

there were no options for her. there wasn't an avenue for her to take. if she wanted to bake again, they told us we'd have to buy a bakery or add an additional kitchen to our home. >> and they said this with a straight face. >> yes. she's been supported by people all over the country. >> people volunteer to do carpentry work for you? >> yes. there's one company in particular leading the way bu d buildibuil building chloe's kitchen. >> good luck to you. another entrepreneur that's fighting the bureaucrats and so far he's winning. he's defeated these. 750 pages of regulations. some more good news next. they're cloudy.

[ doorbell rings ] stall them. [ imitating monkey ] stop stalling. cascade platinum fights cloudy residue 3 times better than the competing gel and helps keep your dishwasher sparkling. cascade platinum. and helps keep your dishwasher sparkling. welcome. i see you're shopping for a well-maintained, used car. well, we don't want it breaking down on us.

oh, our team tracks vehicle service very closely. gail to carfax®. got a minivan getting an oil change and brand new brakes! you know i like to see that. bad brakes are bad news for possums. now carfax® can help you find the right used car. that's the one! start your search at the new carfax.com ♪

♪ ♪

. john: you've heard the expression, you can't fight city hall.

you've heard the expression you can't fight city hall. people say it for a reason. the bureaucrats have all the time and the money in the world. they don't care if you lose your investment or how much time it takes you. that's why they usually win. they pretty much defeated the little girl we met in the last segment, but occasionally an entrepreneur has the will and the resources to fight back and win. he raises oysters off his land. >> we have great oysters. the county ought to be proud of our them. they ought to be proud they're being shipped all over the

country. >> they taste good. i approve. ten government permits were required and you got them, but then the authorities said it's not enough. you misinterpreted our 700 page code of ordnances. you'll have to get another permit, which we won't give you, so you'll have to shut down. >> the county said you're violating our zoning ordnance and we're not going to let you continue. >> you went to circuit court. you won there. the county took it to supreme court and you lost. >> they were deciding on a very technical issue about land use, which i won't go into. the state legislature said this is not right. wherever you can grow buffalos and cows, you ought to be able to grow oysters. >> a rare act, partly because

you're good at getting some publicity like this and the politicians paid attention. they can't do that for every entrepreneur. >> your land was okayed for livesto livestock. >> it was. >> the county supervisor didn't respond to our calls. aqua culture is not a traditional farming activity. >> what is a pig farm going to have? does that have any potential effect on the neighbors? in our case, the oysters are silent. they don't smell. i have a 7 horsepower power washer. >> there are 700-plus pages of

rules. you can't tie up the oyster boat to your dock. >> that's one of the supreme court things they ruled on. the farmers have to jump from the boat to the dock and back and forth because they can't conduct the oyster operation on the dock or the land because the county claimed zonie inine inii jurisdiction over the land, but the dock is out of their jurisdiction. >> any bureaucrat can cite you for anything at anytime? >> i have come against these people. i have not obeyed them. two of them are retired colonels and they can't be wrong. >> they're not giving up, even though you have one in the legislature. >> 128 to 5 is the victory we

had the state level. the governor just signed it. i just got served with another lawsuit. >> how much does this cost you in legal fees? >> the legal fees are greater than the entire gross the oyster farm. if i wasn't in the real estate business, i couldn't fight this. >> why don't you just give up? >> my family has been in this county since 1620. 15 generations. i'm not going to give up. this is where corn wallis surrender surrendered. >> thank you, greg garrett. america needs people like you who don't give up. one entrepreneur says you should maybe quit your job and start a business. do cool [ bleep ] and live

happily ever after. get dr. scholl's massaging gel work insoles at walmart. i'm a believer!

. john: i'm a coward. my parents told me, you work hard i'm a coward. my parents told me you work hard in high school, go to a good college, go to grad school, then you can get a job and you won't freeze in the dark. made sense to me. so i worked hard in high school, went to college, applied to grad schools, but then i was fortunate enough to stumble across a job in television. it's good for your personal development to change your job every seven years or so, but i've held on to the se job for more than 40 years. start a business, wasn't my thing it seems. too risky. maybe i'm not good at predicting what businesses will succeed. when ted turner started cnn, i said no way that'll work. 24 hours of news, no one will make a profit on that.

oops. then when my bosses started another news channel, fox, no way. that's why i work for them. my mind-set, graduate college, get a job, establish a job at a company is shortsighted. people who run their own businesses tend to be happier. it's a reason she wrote a book called "do cool [ bleep ]" she went to an ivy league school and worked at a prestigious bank and then quit. >> 9/11 actually happened. i was supposed to be there. the first time in my life, i slept through my alarm clock. that's when i had my first aha moment. >> it was in the world trade

center? >> yes. >> so suddenly you start several businesses. the wild pizza restaurant. >> that was the first business. it came out of a stomachache. i created a restaurant concept called -- it was called slice. now it is called wild. it's a gluten free pizza business. >> a success? >> yes. >> also sesame street for vegetables? what's that? >> my sister designed a menu to get kids excite about eating vegetables. kids basically always had plain cheese pizzas with no green

things. kids immediately looked at that and said, i want to be like brian broccoli and ordered broccoli on their pizzas. my sister took it on and we founded a company called super sprouts. >> and you're making money? >> reaching over a million families a week. we're at whole foods. it's coming along. >> entrepreneurship brings out the inventiveness in people. for her business, promoting v vegetables to kids, she got the first lady of the united states to dance with her giant vegetables. >> oh, my gosh. michelle obama. stretch it out. >> how did you get here to do? >> because she's all about the "let's move" initiative at the white house. she realized our business is not going to fail because it's been

around for over three years. now they're welcoming our company at the white house, which is awesome. >> your third business, thinks underwear. >> building businesses and running in the city, kept having monthly accidents when we have our periods. again, this day in age of innovati innovation, how is it possible we're still having accidents in our underwear. it happens to every single girl all the time. >> i didn't know that. >> ask your daughter. >> all men are sitting here because of the normal time of the month. we invented a company -- a technology in women's underwear called thinks. we have the technology that makes it leak and stain resistant, anti-microbial, moisture wicking. >> it's not enough for us to get

rich. you want to save the world. >> we live in a really noisy world today. we're getting advertised by every company in every kind of way. how do you get people excited about a business? for us, it's having a mission attached to the business and for me as an entrepreneur, hustling every day working so hard and knowing that not only am i creating a product that supports me, but girls around the world. >> what's the mission? >> the mission is right now in the developing world over a hundred girls are missing school because of their periods. so we partnered up with an organization based in uganda that produces washable reusable pads for girls. >> from these experiences, you have this book "do cool

[ bleep ]." >> there you go. >> why do we need this? >> 56% of kids that come out of college today are unemployed or underemployed. entrepreneurship wasn't an option for me out of college. i went to investment banking for me because it had a strong paycheck, but i was miserable. it didn't make me happy. entrepreneurship is a viable option. it's really exciting for a young graduate today. now companies are funding kids who are in college. >> it's easier. >> it's much easier. >> my previous guests say the american dream is gone. >> i very much disagree with that. all my friends who are in their 20s and 30s today are creating businesses with value in the

world. >> it's my impression that it's people your age that are doing all this. i was stunned to read this chart. most small businesses are started by older people. people over 55. >> historically, the older generation would be able to create businesses earlier first because they have money and establishments. they have resources to actually start something. today with things like kickstarter, the landscape has completely changed. >> good. i hope you're right. thank you. coming up, my flailing attempts at starting business. did you know i started facebook? really. more cool but risky businesses. >> what's the most exciting thing about this bar? >> the prices are going up and

down. >> you can play it like the stock market. as a kid, i made a list of all the places i wanted to visit. i'm still not going to make it to mars, but thanks to hotwire's incredibly low travel prices, i can afford to cross more things off my list. this year alone, we went to the top of the statue of liberty... and still saved enough to go to texas-- to a real dude ranch! hotwire checks the competition's rates every day... so they can guarantee their low prices. so we got our 4-star hotels for half price. next up, hollywood! ♪ h-o-t-w-i-r-e ♪ hotwire.com save big on car rentals too, from $11.95 a day.

that corporate trial by fire when every slacker gets his due.

and yet, there's someone around the office who hasn't had a performance review in a while. someone whose poor performance is slowing down the entire organization. i'm looking at you phone company dsl. check your speed. see how fast your internet can be. switch now and add voice and tv for $34.90. comcast business built for business. . john: one business is clearly risky is the restaurant one business that's clearly risky is the restaurant business. a third of new restaurants fail within a year. by year three, most fail.

so entrepreneurs are always looking for something that will give them an edge, make them different, special. so how about this idea? a bar where the price of drinks changes based on supply and demand like the stock market. the exchange bar and grill tried this idea and it worked. business grew. since i heard australians are big drinkers, i asked her to check the place out. >> what's the most exciting thing about this bar? >> the prices going up and down. >> mystery beer. rum, whiskey and so on. tv screens summarize the current prices. they change every five minutes based on supply and demand. when more people buy a drink, prices go up. >> anything in red, the price has gone down.

that means it hasn't been ordered. >> you can play it like the stock market. if nobody is ordering angry orchard at that time, you might be able to grab it at $3. >> if you're smart about it, you can play the market and go out for drinks pretty cheap. >> i'm going to a market crash. >> you ring the bell, the whole market goes crazy. everything drops. we have everything from $3 to $4 house drinks. $2 shots. >> it's very exciting. >> people realize your prices are going way low. they try to get an extra drink or two. >> if the bartender likes you, they might give you insider

trading. >> you make friends with these bar tenders and when you're about to leave, they give you a heads up that in about 20 minutes, we're going to drop the prices to $2 a beer. >> everybody seems to think they have some gimmick that'll work. this one seems to be working. >> it's a great place to go if you're not that discerning about the type of drink you want to consume. >> one girl talked about gaming the men. >> i asked her how much was that drink you just purchased? she looked at me and said, i'm not checking the prices. i don't need to. >> the best gauge of how easy it is to start a business is how much economic freedom you have. >> right. >> there are rankings of countries. and your home country now has passed the united states in the ranking. we used to be number two. we're now number 12. australia is number three.

how are things freer? >> i think the australian government has recognized if you want to drive the economy, you're going to have to encourage people to start businesses so they create jobs. they do a great job of getting out of the way, allowing people the freedom to experiment. i think that's what's really lacking in new york at the moment and america. >> in new york -- >> i'm ceo of my own production company as well as working for the moving picture institute. i did start a business and it is very difficult. it is a lot more difficult than australia. there's a lot of hurdles to jump. >> thank you. >> thank you very much. >> coming up, i'll explain how i created facebook. you thought it was zuckerberg? no, it was me. re than two millis count on angie's list.

angie's list -- reviews you can trust. dso i got dr. scholl's massaging gel work insoles. ired. they absorb the shock of working on my feet all day. i feel energized! get dr. scholl's massaging gel work insoles at walmart. i'm a believer! [ music and whistling ] when you go the extra mile to help business owners save on commercial auto insurance, you tend to draw a following. [ brakes screech ] flo: unh... [ tires squeal, brakes screech, horn honks ] ooh, ooh! [ back-up beeping, honking ] a truckload of discounts for your business -- now, that's progressive.

i've got a to-do list and five acres of fresh air. ♪ top three tools -- hammer, screwdriver, front loader. happiness is a drive-over mower deck. a john deere dealer can teach tractors to anybody. [ don ] in the right hands, an imatch quick-hitch could probably cure most of the world's problems. [ male announcer ] that's how we run, and nothing runs like a deere. visit your dealer or johndeere.com/1family. but for cooper, giving chloe a ride again and again is all play. to keep cooper's body strong, he wants lots of meat,

which is why his family only feeds him iams. iams has two times the meat as other leading brands to help give him the strong body he needs any time chloe needs a lift. ♪ iams. keep love strong with two times the meat. love the iams difference or your money back. iams. keep love strong with two times the meat. when you didn't dread when youbedtime becausenner with anticipaof heartburn.itation. when damage to your esophagus caused by acid reflux disease wasn't always on your mind. that's when you knew nexium was the prescription medication for you. because for over a decade nexium has provided many just like you with 24-hour relief from heartburn and helped heal acid-related erosions in the lining of the esophagus. and now the prescription nexium you know can be delivered directly to your door with nexium direct. talk to your doctor to see if nexium is right for you. there is risk of bone fracture and low magnesium levels. side effects may include headache, abdominal pain, and diarrhea.

if you have persistent diarrhea, contact your doctor right away. other serious stomach conditions may exist. avoid if you take clopidogrel. for 24 hour support, automatic refills, and free home delivery, enroll at purplepill.com. it's the nexium you know, now delivered. . john: did you know that i started facebook did you know that i started facebook? really. when i was in college, i worked on the school newspaper. a few years before, the editors published the snarky book filled with sexist stereotypes at schools. it was fun to read generalizations about those schools. where the girls are was a big

succe success. made money. i came up with an idea of doing the new version of the book with pictures. i just had to go to those schools and get administrators permission to publish the pictures. for some reason, they did. you may not now this, but that's pretty much how facebook started. with pictures of college women posted online so sexist college boys could see who appealed to them. >> we're ranking girls. >> yeah. >> people want to go on the internet and check out their friends. >> facebook is now worth about $150 billion. when i started my facebook, the

internet hadn't been invented yet so there was no instant feedback and my idea went nowhere. the book didn't sell well. we lost money on it. since then, i have failed at several other businesses. >> a copy of "give me a break." i'm told it's a wonderful book. >> most were stunts for tv. like this stossel store where i tried to sell my books and fox stuff. >> want to buy a fox t-shirt? >> not right now. >> it failed and so did my new york city lemonade stand. in america, it's okay to fail and fail and try again. in most of europe and much of the world, the attitude is you failed? you've had your shot. now go work for someone else.

this limits the possibilities. some of america's biggest successes came from people who failed often. thomas edison has more than a thousand patents. we know about his successes like the lightbulb. he was fired by the telegraph office. he lost money in a cement company and an iron business. henry ford's first company failed completely. dr. seuss' first book was rejected by 27 publishers. oprah was fired from her first job as a reporter. a tv station called her unfit for tv. so the moral to the story, go ahead and try something. it often brings money and happiness. happiness researchers say people who work for themselves tend to be happier than the rest of us. they work longer, but they're happier. now all business is risky.

your first attempt probably will fail, but that adventure and ability to try something again gives people the power to prosper. that's our show. see you next week. i'm shannon g. i'm chris wallace. an international effort to free hundreds of nigerian school girls kidnapped by islamic extremists. protesters take to the streets. sfwroo we want our girls. >> and the internet to express outrage over the abductions. as the world rallies what should the u.s. do? what is boko haram? >> there's no question we're racing against the clock here. they've been gone for a long time. >> we'll sit down with former u.s. ambassador tonight john campbell and the co-founder of the malalla fund. then house republicans named