holding hearings in preparation for the various decisions that we know will be coming down from the various departments. that is when we will hear from you and department heads and the budget committee will be making recommendations to the full board of supervisors. in the month of july, we will vote on the budget. for folks that want to receive more information about this, feel free to sign up to the newsletter's. feel free to visit our website, sfgov.org. i know that the mayor and supervisor farrell, we have office hours. i do about six over the course of every month in every single neighborhood in this district. i want to thank the neighborhood associations represented here. not just for working with my office, but for the work you do

in the community. i wanted to hand over the microphone for a final word from my colleague, supervisor farrell. >> thank you, everyone. thank you to the department heads for coming out tonight, and especially for our colleague, who had to go home to her family. in san francisco right now i think we are feeling a bit better about the economy, but the job that we have in front of us this year again, the reality is that our budget deficit is still close to $200 million. despite the fact that over the last year, since the mayor has been in office, unemployment has dropped by 2%, it is a great thing that we need to tout and be proud of in the city as it relates to the rest of the country, but this is still a time of closing budget gaps and dwindling resources. to echo what the mayor and the

supervisor said, it is so important to hear from you tonight. for those of you that submitted but did not get to speak, we will be taking them back to city hall and it will all be read. thank you all for coming out tonight. two of the department heads. lastly, i will hand it over to our great moderator, tina. [applause] >> you all have gotten a lot of thank yous. thank you, from me. all of you, it is terrific you are coming out, being collaborative and having your voice is heard, because they are listened to. those cards will go right back to the appropriate department heads. thank you, like the mayor said, for not bringing i and throwing them. i have one announcement. doyle drive will be closed on

april 27 through monday. april 27 -- my glasses. 27, 28, and 29, reopening of 5:00 a.m. on the 30th. this is just a heads up. they are bringing in heavy artillery things that will make a lot of noise. i hear that some of the equipment is coming from new york? new york. maybe it is a good weekend to stay in the city or whenever you want to do. that is a heads up. thank you for coming. good night. [applause]

>> thank you for joining us

tonight. i am the government policy director at spur. it is my distinct pleasure to welcome such an amazing panel as well as the mayor of our fine city. this is the innovation mayor, mayor ed lee. [applause] >> thank you. can everyone here me? welcome to spur. i enjoy being here because every time i come here, some part of my brain wakes up that has not been woken up before. i am here to welcome you. earlier, i had a wonderful opportunity to exchange with our panel members about what they are doing and how they're doing it. . i think these panel members are here as part of their own entrepreneurial spirit. they own companies but love the city. they know the spirit of the city is one of innovation, that invites peoples and views, and

smashes them -- meshes them together to see if we can make an even better san francisco. we have two other supervisors who may be coming later. we're all part of the initial group of policymakers at city hall who want to hear news views and ideas on the new collaborative economy. we're interested in it because it has aspects that have piqued our interest, about hoour environment, how to improve life for more people, how to make an expensive city more affordable to more people, how to utilize the strengths of the city as a great tourist city. how we can get more folks to

come and experience the wonders of the city. maybe they will make their stake here. these panel members have decided to make their stake here. they risked reputation, may be small amounts of money. if they had a lot of money, they may not have had to start this. they have also done it for the right reasons. they want to experience the city in a different way, but one that is in the tradition of san francisco and is reflective of mine, welcoming more people to share in the economy. hopefully the right reasons will create more jobs and get more entrepreneurs involved. i have often said this can be the city for the 100%. everybody can have a chance to fulfill their dreams and make sure they can have a stable income for themselves and their families. i think we are on the verge of

discussing things that would invite other members of our city family, department heads, those who work in planning or land use, to be involved in an ongoing discussion that would potentially invite and open up our economy and modernize it even further. a year ago, david chiu and i did not know what the outcome might be, but we were afraid a company called twitter might leave our city and that thousands of jobs will leave this behind. we took a risk and suggested we might be able to revamp our tax code for the benefit of job creation. little did we know a year later, that invitation has caused over 125 companies to locate in our city, creating thousands of more jobs, creating an environment that will be welcoming of the

new economy, technology, and innovation to reinforce what we have been saying. we are the innovation capital of the world. with your help and involvement. we would like to have the rest of the city picked up and be part of it as well. we think we can have that conversation. we will need your help. we will need you to represent the new industry. these companies are here to keep the dialogue and collaboration at a high-level going with us. it is the ongoing dialogue like the one we are reading about a new tax structure for the city that does not punish the inventiveness we want to have. i would like to open with that introduction, welcome all of you here. i think he will see and hear an exciting introduction of these new companies. they're going to raise questions

we do not have the answers to yet, but i do believe we have the spirit in this city to welcome solutions with your involvement. we will have the ability to do this on line as well is in these forums. i will be part of the ongoing discussion. i want to see all of you interact with the city and make sure it is reflective of what you believe the city can be. one that our policy makers and american in dade in which you on thank you for being here at spur. [applause] >> thank you. i think we will also year from supervisors got -- supervisor scott wiener. >> this turnout's shows how significant this is to the future of the city.

we were with a smaller group earlier. i will stress that san francisco is a city with a dichotomy going on. in many ways, we are a cutting edge city in terms of technology, food, transportation, there are all sorts of things where we are ahead of the curve. we attract a lot of people like you who are forward-thinking and want to do things in a different and more innovative way. we're also a really old school city. the change is challenging. david and i talk about this a lot. we're trying to do things differently. we get a lot of reflexive push back, whether you are talking about cars sharing on streets, or changing zoning to create new housing to make the city more

affordable and inclusive. you have those kinds of difficult conversations. so much of this is about educating the city as a whole from all generations and perspectives. our housing policies and transportation systems are not always sustainable. if we want to remain a cutting edge and diversity that draws all sorts of people here, we're going to have to change. we're going to have to consider new ways of doing things the year or two ago we may not have been comfortable thinking about. there is a big education process that has to occur. i know we will work together to make sure that happens. i know we can move in the right direction. i look forward to that work. thank you. [applause] >> rounding out the to affect the -- trifecta is our own board

of supervisors president, david chiu. >> if you are like me, you did not come here to hear from elected officials. i look forward to hearing from the innovators. i wanted to join my colleagues in assuring all of you that we are looking forward to working with you to figure out how we create san francisco as the capital of innovation and the new economy. before i joined the board of supervisors, i started a web 1.0 company. what makes our city special is that everyone of you have ideas that will change our city and change the world. our mayor is responsible for managing the 50 plus executive- branch departments that will be interfacing with many of the

policy areas you impact. scott and i and our colleagues are in charge of legislating and adapting to new technologies you have that are changing the way we all live. one thing we like to say at city hall is that as goes san francisco, often times so goes the rest of the country. as goes the rest of the country, so goes the world. i believe we're starting something special today that will do that for the entire planet. thank you for being here. i am looking forward to working with you. [applause] >> welcome. my name is ontario smith. i volunteer is a member of the board of directors. i would like to welcome you for the dialogue on the shared

economy. spur is a non-profit organization. we support good planning and government research and advocacy. we put ideas and action together to make a better city and region. please raise your hands if you are a member. one hand, actually. they keep your support. it means a lot to us. if you did not raise your hand -- thank you for your support. it means a lot to us. if you did not raise your hand, i encourage you to become a member. members receive our publication and get into all the events free or with the members' discount. tonight will be recorded for distribution on the website. this will include the audience question and answers section. i would like to invite you to two upcoming events this week. tomorrow at 12:30, the history of proposition 13. on thursday it 12:30, the city budget and regional calendar. now to our panelists and moderator.

the first panelist is just gonna scorpio -- jessica scorpio of get around. it creates a marketplace for peer to peer car sharing. she completed the inaugural graduate studies at a new school that focuses on inspiring leaders to understand and fulfill [unintelligible] to adjust humanities' grand challenges. next is molly turner. joe could not make it. she is the director of public policy. next is leah of taskrabbit.com

in market place where you could outsource small jobs and tasks. it is a pioneering service network, a concept she conceived and has evangelized. service networking describes the productive power of a web based social network community. since its founding in 2008, she has grown to more than 40 employees and has expanded to boston, chicago, los angeles, new york city, portland, san francisco, and seattle, with several more markets to come. under her leadership, it was named one of the next big things in tech by the wall street journal, the start up to watch by ink magazine. please welcome leah. jamie wong is the co-founder and ceo of viable.com.

her vision of a more open world and exchanges through travel is the driving force. her commitment to bringing travel experiences to the world by making it easier to find, create, and book provides a platform for the community. she is a dynamic creative and leader with a passion for bringing ideas to market the change the way people live. finally, jay. in his girl as the chief innovation officer, he is working with the tech community and public to bring the government into the digital age. a partnership announced in 2012 will open the doors of government to our tech community to drive new solutions and businesses. if you have ideas for innovating services for government, please

send him a tweet. finally, our moderator. he is the co-founder and publisher of an online magazine. i will let him begin the program. >> what a turnout. this is amazing. thank you, spur. i want to make a quick announcement. a wise person told me that if you want people to come to your revolution, through the best party. i am headed over to thursday -- thirsty bear after we experience

the hospitality of spur. drinks are on me. [applause] yeah! i want to echo the comments of david chiu. i think this is a big moment. i want to celebrate. mayor lee's working group can make a great city even greater. other cities are watching san francisco. what we do here will influence them, and that could change the world. there are a lot of questions, too. the sharing economy waits to be shaped by policy. it is in its adolescence. this is a transformative moment. it is waiting to be shaped by policy, but for whose benefit?

we believe it should be shaped for the benefit of as many people as possible, and especially for those who need it the most. . we also need new regulations, not simply application of the old. otherwise, the sharing economy will fail to meet its promises. 30 of things that are the biggest threats to our society. i will open a panel -- there are two things i think are the biggest threats to our society. i will give you a high level brief of the sharing economy. there is no textbook definition of the sharing economy. we will then begin the panel discussion which will last for 45 minutes or an hour, however long you want it to last. before i dived in here, raise

your hand if you are familiar with at least one of these books. i highly recommend all of them. the one on the end is coming out in may. "share or die" -- i do not recommend that for marketing, but for a cause, we're trying to push a boundary and break a trail for new companies to follow. that is our perspective about what is at stake on a planet of finite resources with a growing population and growing per capita consumption. it should be obvious that we should be talking about sharing. this is a gigantic hole in our public dialogue. this panel and the working group

and hopefully the book can fix that. see how this works. we face disaster unless we simultaneously reduce resource consumption and raise two million people out of poverty. this is the challenge we have in the 21st century. the growth the economy we are moving out of hopefully cannot do that. it is what got us into the jam we are in now. you are probably very familiar with the whitney we hear all the time. we're using 40% more resources annually than the earth can replenish. we're draining our natural capital. there has been 15 years of sustainable development with

development of new green technologies. in 2011, we have the largest out of carbon ever. inequality has reached epic proportions around the world. in the united states, the richest 1% owned 38% of all wealth. the bottom 90% hold 73% of all debt. we are wiping out the planet and the public is left holding the bag. we definitely need something completely different. putting the moral outrage aside for a second, this situation also puts cities at great risk. we've only gotten a taste of the destruction that -- disruption as possible with the numerous revolutions that broke out.

the crisis will land hardest in cities. i see city's borrowing language from complexity theory, i see the boys and a critical state. it is a new situation. 50% of global population is urban, young, and connected by mobile phones. the young are the hardest hit here. in spain, the unemployment rate for young adults is around 50%. in the united states, college graduates are leaving school with an average of $24,000 in student loan debt into labor market for their age group that has not been as bad as it is today since the depression or the 1940's. the smallest thing can trigger a crisis now. it is a powder keg. on the other hand, along with

this crisis is a powerful new set of tools that have arrived so breakthrough is also possible. we have a decision to make. let me talk about the sharing economy and how it plays into this. we define it broadly. we see it as a shift from a top- down factory model of society to a pear to peer network model of society. large corporations further consolidate wealth and power in the old system. the emerging sharing economy is democratizing wealth and decision making in new networking modes of production, consumption, and governance. the sharing economy is driven by economic, environmental, and social crisis, also new

technologies come a new culture of sharing, and a new generation, the first one raised on the net where schering is part of their value system -- where sharing is part of their value system. there is car sharing, open source software. co-working and the collaborative consumption companies with us today. many of the legacy institutions have lost their capacity to serve in some cases. or they have lost their credibility. all of these types of innovations, these share rubble innovations -- shareable innovations are on the rise. they are