>> good morning, everyone. i am one of the founders of foundersne end. this is a space for more entrepreneurs, technology and innovation. supporting it is near and dear to our heart. we are happy to welcome ron and mayor lee here. founders and that is almost one year old. we have had 40 companies come through here to raise over $40 million in venture-capital. without further ado, i want to

introduce you to one of our most preeminent angel investors, ron conaway. [applause] >> thank you and welcome. for those of you who do not know me, i am a third-generation san francisco and, for better or for worse. it was a decision my parents made in high school to move to atherton. i ended up staying there until three years ago and have been active in civic activities ever since. it is important to be involved in civic and philanthropic activities. my day job -- and i am still very active in this job -- as an angel investor investing in bay area companies when they are what we call babies. these are start-ups that have two or three people, and sv

angels funds those start-ups. one of the starters -- smartest decisions i made was only to invest in internet and software. we have invested in over 600 companies, many of them in the city of san francisco. for sure, today, we have set a record for any city in the country that has rallied and united the tech community to support collective, civic action. this never happened before. we are in the perfect storm with the election of mayor ed lee, to make this happen and to accomplish a lot. ed lee, as interim mayor, stepped up for the tech community, he kept twitter in san francisco, got private stock option tech abolished, with the

help of david chiu, and convened last april the ad hoc council, which i know he plans to reconvene as mayor. it was not easy to get ed lee to run for mayor. warren hellman and myself, and i know dianne feinstein and mayer brown as well, helped convince the end lead to run. it is one of the best meetings that warren and i have had, when we sat in his office for one hour, and we felt like we meant some headway, and we must have, because he is here. it is not a coincidence -- it is a coincidence, that the tech community it is following the example that warren hellman has set for this community. warren hellman and i were very

close friends, and i think upstairs right now, he has a huge smile on his face. he cared as much about san francisco as any of us. he loved the tech community. a majority of his investments were in tech. he really gets what we are trying to do, and we should advance his cause of civic engagement. after ed decided to run, the tech community rallied around him. in an effort today, not to lose any of them momentum, we are forming this organization called sf citi. we do not want to lose the momentum for the tech agenda in san francisco, and we think this is an exciting day for us. we heard from ed in his neck

inauguration when he declared san francisco the innovation capital of the world, and that is the charter that sf citi wants to but -- promote. his inauguration speech was not just a speech, but a call for action, and the tech community is responding today, less than one week after he gave that speech. we represent the new economy in san francisco, and with this partnership, we hope to create thousands of new jobs. that will be our first quarter. -- charter. we witnessed mayor ed delete during his inauguration be the first elected official as far as we know who ever treated during their inauguration. not only did he tweet, he tweeted an infographic.

a couple of people stayed up all night creating this, and guess what, it is all about jobs. both of them are here, and we want to thank them. [applause] before i tell me more about s.f. citi, i want to introduce our elected officials here. scott wiener, mark farrell, david chiu, the president of the board of supervisors, and christina olague, our newest supervisor. [applause] jane kim is here. awesome. we are in jane kim's district. jane and zynga have been the forbearers of the jobs issue,

raising our consciousness about that. ed lee adopting that as well. there is somebody in the room, if we could of educated him fast enough, we could have had him stand here instead of me because he is the best speaker i have met. where is mayer brown? [applause] -- mayor brown? [applause] if you were at the dinner last saturday or the inauguration, he can be a stand-up. ed lee announced jay knapf as the chief innovation officer. he is the chief innovation officer, but his nickname is chief heck officer. because we are going to adopt a

charter to create jobs in san francisco, we want to think back to where jobs really originate, where people start their work ethic, and that is in grade school. we are to partner with community organizations in san francisco, and we have with us today chuck collins from the ymca, robert connolly from the boys and girls club, and eric mcdonald from united way. as we grow, we will put in a structured programs to give kids a path to employment. now let's talk about the team that will execute our vision. that is our member companies, many of whom are here. in your packets, there is a list of all of our member companies. we could not be prouder of the

number of tech companies in san francisco who have already joined s.f. citi. at 5:00 yesterday, we had 72 members. this morning, we had 85 members. from 7:00 -- yes, we should clap. [applause] why don't any member company not standing, stand. [applause] this is s.f. citi, really not the people up here. it is the member companies that have adopted us. s.f. citi -- the power of s.f. citi is in our membership. from 7:00 this morning, the following companies have also joined who are not on a placard.

yelp, rippleseed, advent, yammer, and we have added a new organization to s.f. citi, the black founders, who are here. every time we have a new member company, it will go on our website. please watch the list grow. our member companies today represent 90% of the tech jobs in san francisco today. need this to say, we represent the tech community. let's talk about the structure of s.f. citi. i am going to be the chairman of the governing board of s.f. citi. the governing board members initially will be representatives from salesforce.com, zynga, and jawbone.

there will also be an executive board for other companies to contribute donations to s.f. citi for the day to day operations. everyone in the tech community could not be more excited than our vice chairman of s.f. citi, none of them heather hardy, a folk hero. [applause] >> she is already standing, so we cannot get her to stick out. heather was ceo of techcrunch, the company that announced 90% of these companies -- they announced their existence. techcrunch is the fabric of technology here in san francisco. heather just less rigid left the company and agreed to take the volunteer position as vice chairman of s.f. citi.

before that, she was at news corp. and went to harvard business school. we are not holding out against her. in the meantime, we have an executive search going on for an executive director. in the meantime, it is important for everyone here to know that we have five people working full-time already for s.f. citi in an interim capacity. judge ginsburg, brian brokaw, alex turk, kelley oil and, and the sixth wheel is takes after stain. i do not know anyone at "the chronicle." however, this team is very well connected, they do their job and produced this great article today with "the chronicle." we are in good hands with the day to day, because all of you know i am busy with my day job. we will be raising a budget to

hire the executive director and donate money to other causes that fill our mission. code for america, who you will be hearing from, is an example of that. i want to talk about our logo for a second. and our logo, which is right behind me, and there is a write- up in your press kit, has some tech folklore in it, too. it was designed by a twitter engineer and designer. andre is here, introduced to me by way of biz stone, the founder of twitter, and he uses standard coding conventions, using parentheses and semicolons, in

keeping with tech and open source, the code designed by another member company employee at google. on the jobs front, which is what we would like to switch to and talk about now, we think jobs is the biggest initiative where we can make a big impact on san francisco very quickly. today, there are 30,000 jobs in san francisco. the people in this room represent a huge majority of that. it is interesting to note, there is a migration of tech companies to cities nationwide. just in the bay area, in the sv angel portfolio, 50% of our portfolio was out of san

francisco, 25% was here. that has put plot. the number of tech companies in san francisco has doubled, and now 50% of our pulp folio is in san francisco. -- flip-flopped. social media and community websites, it is no coincidence. they have to be in cities with lots of people. mayor lee understands what the tech sector can do to help. he has a 17-point plan. probably a third of that has to do with job creation. mark pincus and zynga will be a key partner on that initiative. zynga will be the lead tech company on the jobs initiative. we have already