four people over 40 talk about why you should hire people over 40 and inside the bay area's hidden genius project. our reporter of the associated press and john schwartz from dow jones. this week on "press here." good morning, i am scott mcgrew, everyone knows cupertino is the home of apple. san francisco, uber and lyft and sales force and a llots more.

the future is not redistributed in the bay area. if it was not for programs like the hidden genius project where right now where we speak, 93 young men from richmond and oakland and elsewhere, african-american young men are learning not just to code but entrepreneurial skills and leadership skills. here is a brief clip from the promoter video. >> you are told as a whole that oh you are going to be a great athlete or artist but no one inspires us to be a great technician or engineer. if you are not exposed to something, how can you be aspired to be apart of this. >> silicon valley is leaving money on the table by failing to recognize all the talent in the bay area. joining by michael of the associated press and john schwartz. you were reading was the

beneficiary of this as well. >> definitely, thank you for allowing me to be here. i continue to be in the program and the two principal founders of our organization came from that program and that's what brought us all together and probably almost 15 more years ago, closer to 20 now. the program is designed to connect students of african descents. >> you turn around and do the same thing. you know a lot of people go on and successful later in life they turn around, all right, i am ready to give back. you gave back immediately. >> again, with that mantra of the lifelong network of social change, two principal founders came out to oakland.

with that drive towards service and towards give lg baing back paying forward, that want to go to programs that can support young people. i have a background in education policies. so yeah there was nothing to wait on and in fact there was really a sense of urgency. >> you talk about this interesting concept of opportunities verses at risk and maybe describe that in term of context in terms of what you are trying to do? >> absolutely. i have to be concise about it. we have to always think about can we speak about our young people as though they are sitting right here next to me at the table. from the basic standpoint of if you sat here for the next ten minutes and had to hear something that i am talking about everything that's wrong with you and not everything you have the potential to do or doing all the things right and well. it will change the way you look at ourselourselves.

what's critical ils is to have an asset based approach to help these young men. they understand what they have working in their favor and what opportunities they have. finally, i just say we talk about the value and assess to tech as our young people are not smacked down to the middle of it but i know on other episodes, we talk about gen z, we are serving what's driving and trending. they very much have the range of the steering wheel in their hands so we need them to recognize that and take advantage of it. >> every kid dream s about becoming the next lebron james, is it getting easier of the way superstars are rising. are kids dreaming to be the next mark zuckerberg and wanting to get into it?

>> the big piece whether with sports or tech, going back to the idea of gen z and the generations coming behind them. that's what they are and on social media, that's a branding tool. so, most of the young people we encounter don't want to be the next and even they love basketball, they don't want to be the next lebron. they want that media empire and build on the blocks that lebron and michael jordan that kind of set. i think it translates to tech because you can become a differentiator. with that, i will say start with the interest of the young people. they're into sports. that's where your tech engage m is going to come from. we have a great partner we are working with who the whole program is centered on introducing people from high school and analytics in the

software. and so with all that, it is not about saying hey, you love basketball, would you love to build the next great processing and software application. >> you partner with uber? >> we do. >> you have done stuff with the w warriors like with iguodala? >> we have. we have hundreds of people showing up to those events. >> you said also as e yyou are partnering with uber, you are not necessarily not trying to build a pipeline. explain to me about that. young people want to build a pipeline. >> that's right, our aim is to build a pathway but without being semantic. our young people have this great potential that got great ideas and keep following the pipeline or the road that's been set as it stands, we'll get more of the

same. also, not doing a great job of retaining and advancing people in our community from our background. so what we are trying to do is work responsibly and collaboratively with things like uber and other companies to build different types of opportunities. hallmark, the upper partnership was creating the program that allows uber to recruit nationally and not just from our program but also to recruit young people in community college. we are here in silicon valley and in california, we got the nation's best community college program. we have folks and we have families,families that are doing quite well in tech who are sending children to community college. so it is a place where they are doing great training and computer science and technology and business and you can absolutely get on pathways and work at uber and being an engineer.

it is all about creating more innovative and creative ways. >> the lack of diversity of this, everyone is working on it. there has not seen a dent in it. does it get frustrating for you or is it more determined than ever? >> i can say first and foremost, the work we do whether with young people or any number of the programs that we have that serves other populations including women and girls. what we are telling them is look -- representations of these companies are not an indicator whether you belong in tech or not or if you have history. there are so many great accomplishments, sometimes you have to find it in different ways. >> you can't focus on those companies because their progress is glacial to be honest.

>> also, and i got a little bit of time left, i want to spend it on this issue right here. what i am hearing you say is while it is important to have diversity and representations at google, that's google's problem. >> absolutely. >> what you are trying to do is create leadership and entrepreneurship as and opportunities for a group of young men who may or may not go to google, but that's google's problem. >> we have so many support from google. >> the point being -- you are not doing it for google. you are doing it for them. >> you visited them, right? >> yes. >> regardless of the company, we have so many great people. each of these companies are comprised with people. and so that is probably the way you will find our young people building the network so i can get them working in these places. we are not going to lose any sleep over representation on a given night because we are

helping these young people how to understand how to build for themselves and relationships and how to find their pathways and make their pathways if they are not clearly established. >> dr. brandon nicholson, the founder of the genius project and we appreciate you being here with us. >> thank you, appreciate it. reminder as we go to break, we have a new podcast to look inside the world of capitalist this week. we'll sit down with the unusual adventures. you can find it on our apple podcast and google play. we'll be back in just a few minutes.

welcome back to "press here," forbes magazine loves lyft. the best mutual funds and the highest paid celebrities. the most influential list is 30 under 30. 30 people under 30 years of age according to forbes writers. the truth is older people make the valley go. the average age of a patent applicant is 46. the average age of a ceo is at 47. jessica still man says if you are old enough to look ridiculous in a hoodie, you are

old enough to be successful in silicon valley. >> the publisher of forbes and publisher of 30 under 30. rich carlgoard is the author of "late bloomer." he got into on a fluke. well, thank you for being here this morning. >> thank you for having me. >> what was the fluke? i am going to guess that stanford was not stanford today. >> well, they took 40% of junior college transfers plus i was a runner that was good enough to make the tail end of the country squad and not anywhere close to the scholarship athletes. the combination of all those factors. >> i think a lot of people that never get into the university that i went into today. things have changed a great deal. i was looking on youtube.

there is this young woman called lily, she has 14 million subscribers and under the age of 20. believe it or not, i don't have 14 million subscribers, as an older person, i am discouraged by this. the young people are getting more and more successful at younger and younger ages. you are trying to fight that mentality of well, if you can't achieve it by now, you can't. >> i sure am. my book "late bloomers," i have been writing in the tech and business space for my career. i wrote this one for parents and teens and young adults who are worried about their young adults. if you raise a teen in san francisco bay area, you are in tremendous pleasure to get them into elite schools and the logical outcome of the college bribery scandal.

these parents are also, they're in their late 30s or 40s or early 50s and thinking of their own future in a tech driven youth obsessed society. >> i hear what scott is saying, silicon valley are run, the system itself, caters to younger workers. when you look at all campuses, they're set up like you are going to college again. they are tare catering to the people. >> that's not only well and good. but, what i think that we have over shot is this idea if you are the young person who did not go to elite schools, we know silicon valley is kind of a club of people who went to ten universities. >> i have only done five. >> there are clubs of people who scored. >> yeah, people who you are most likab likable. >> and there is also the

believes of the sat test is predictive of your algorithm. google discovered where you went to school and what you got on your s.a.t. of how well you will do at google and the correlation is a statistical myth after three years. >> you should not be successful or success is not important. the argument is that success is not over at 17. you can't go anywhere. you can be 30 or 40 or 50 and say i am going to be successful. >> that's certainly the case and the fact. the problem is with this obsession, the pressure to put on kids. one of the things that triggers me to do this with "late bloomers," reading a cover story

called "suicide," there were three gun shootings, and almost to a person and there were more than 55 hospitalization and treatments for what's called suicide. one kid killing himself and posting on social media that she was tired of getting up at 3:30 in the morning studying for his exams. >> this is a disconnect between 17 or 20 who wants to be the next steve jobs. jobs' glory days -- >> also, he drops out of college. >> john, you are so right about that. >> steve jobs who was a manifest man at apple. the second time it is like he stepped in a phone booth and came out as superman. >> he's a gold standard. you look at enterprise

particularly. no now, you look at even start up area and david dufield. fred lutty started service now a. so i think i didn't want to do some myth busting here if we did not achieve >> how was the college pail scandal? is that kind of ridiculous? >> don, i go to san jose state and that's the biggest employer in silicon valley. >> it is the proverse logical outcome of people with means

trying to get a head start. my wife talks to people all the time, who are spending $50,000 over the course of a high school career for tutoring an s.a.t. grad. >> it is a little bit off topic, this idea is 12 years o ld getting on airplanes to play soccer. it is the 12 years old of all time. >> the sports, wor world, too. and tom brady, i would call him a late bloomer, he was heavily out of college. >> out in michigan. >> carson wentz. >> and on this idea that older people had the advantage of we have a contact throughout and young people don't know what a roller x is. >> this is fun. i want to close on one thing. 2015 study done by harvard and mit, they asked the question at what age do we cognitively repeat. the answer is intriguing.

it is cognitive amendment that you are talking about. with all of those executive skills and wisdom skills, you will get a peak at our 40s or 50s. >> make sure to read his book. >> the new idea of crypto currency from washington. "press here" will continue.

here," facebook proposed a new cryptocurrency, it is called libra. what will congress do asked " i "politico." what about privacy? india is not interested. in washington, the powerful chair of maxine waters has hearings planned for thursday. she's raising serious doubt about facebook's plan. >> i would like to think charlie moore as our in-house counsel. he joins us to talk about tech and law. charlie, the founder and ceo of rocket lawyer. one of the few supporters i can find of libra.

are you supporting facebook doing cryptocurrency? >> do i support facebook doing cryptocurrency? it serncertainly has some advantages. i definitely support block chain technology, i think it is transiti transformati transformative. i think it has massive potential. i am a lawyer and i also support regulations. >> should i have pause? i guess facebook is big enough to do it but are they the right company to do it? >> facebook is one of the right companies to be doing it. just to frame it a little bit, they are doing something called libra and the libra alliance, that's not for profits. libra is the currency itself and

something for profit that david marcus a smart guy that used to run paypal is in charge of as well. i think you know david marcus who's a guy that knows a lot about digital currency, can have about a billion dollars as i do of calculation. 10 million bucks to be a member of libra alliance. they want to have a hundred when i am a lawyer. those maths and resources also make facebook the right one. if you go through and sort out the kind of three big points, trust, control and cost. i will take them in reverse order. they talk about the financial service industry which is growing fast. it puts a lot of costs, there is a lot of tolls involved in moving money around. cost is a big issue. the unbank they talk about a lot as part of their mission statement. there are billions of people around the world, 1.7 billion

people. >> i want to hear you talk about the trust part. >> trusting facebook is at an all time low for a lot of people. why are people going to trust them with money? >> well, i won't speak for them but i will say what they say. that's why they set it up with consortium. >> one thing you will find and i will talk about this. who do we trust in the middle? banks. then we trust government, radioiradiight? humans are born in trusting otherwise we would not be here. we are born trusting. who solves that puzzle for us because we walk into things being trusting into nature? government, society. that's why we have it and banks. back to this notion of trust, that's at the core of the block

chain. go ahead. >> i will go back to it. >> facebook is here with this multi billion dollar of the fcc, they'll talk to committee around trust issues and among other things. that's what i guess they are looking at doing this overseas where maybe trust is not as big of an issue. >> it is also needed as well. >> that's absolutely right. >> again, trust was where i started, right? the association is a big part of trust, what also goes the block chain and financial services is control, decentralized verses centralized, we got a system of traditional si centralized trust. i think they located in switzerland meaning the libra eye licen

allian alliance. jerome powell said this week in his testimony, look, the current regulatory scheme does not fit of what these guys are doing with libra. that's almost verbatim of what powell said. >> 30 or 40 seconds left. >> yeah, there is a sense that's too sincynical. is it another way for facebook to learn about your habits now? it all sounds well and good of what you are talking about. >> absolutely and potentially. if i can be brief, chair powell summed it up really well. first, he said he does not know everything about that stuff yet. what does the fed do? banking and money lawnundering d data privacy. it regulates broker dealers and money transfer. there is an alphabet soup of

regulators who are going to have to get involved with this thing to figure out all together. that's back to resources to start to move the ball down the field of all this regulation and facebook can do that. >> which is more jobs for lawyers. >> it is. >> charlie moore, thank you. >> we'll be back in just as minute.

that's our show this week. my thanks to my guests and thank you for making us part of your sunday morning. .

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