>> business news from the capital region. this is "wasngton business report" with rebecca coor. >> welcome to a fresh look at business a and finance in the washington region. aryland manbut the behind a successful career builder website. how he defied death andame back with a concepept that may changege the way we shop. two local women with taalizing secrets to business success. and what does t the shooting don of the malaysia airlines flight mean for the world economy? and other important stories that impact the wororld of business. the topics and more are head. one with aon

maryland man who likes ting risks. th has paid ofoff. rorob mcgovern launched career for 54.com, then sold it million dollars. he was wellll into launching his next business when tragedy struck. he defied his prognosis. and everyone's e expectations, coming back withth what may be th next trend in retail and beyond. i sat down withim at his home in chevy chase. you studied at the mercy of maryland with an undergrad in business. you minored in computer science at a time when not a lot of people thought that was serious. only the nerds did that. now, you're into very know w how -- talk about career builder and how you started the company. >> i have always been interesesd

in technology. it did seem like the logical thing toto type punch cards, lie the right row graham -- program. i was in the computer industry working for hewlett-packard. >> you're a product manager? > a new internet came along. someone showed me the first web browser. this is in 1994. there are no graphics. they said this is going to change everything. that is what i started thinking about that as an enabler of something big. then, i said people havto find jobs differently. potential employees can connect. and the idea cacame along. >> did you have the occant or street or was that a hardepart to leave a company like hewlett-packard? >> i was raised by a singlele mm since high school --who never finished high school.

she is a an entrepreneur. she has always been a business builder. and she has courage to try things and take a risk. when she taught me is to take calculated risks. i started this business -- one of the first jobs out there. so did 400,000 other peoplple. onster.com came along. so, they announced t they were going to go public. they raised $100 million. i went to my board of directors and said we're are going to raise $100 million. they laughed. they said you were only a few million dollars from revenueue, you can do that. so we raised $100 million. then it became a capital rket. >> some people who did that in

other start ups said great,ow i get my beach house and i am done. you are what everyone calls a seserial entrepreneur. you went on to the next one, job spot, which did not work overtime. you are determined to make it work. when people said their job was killing them -- your job literally almost killed you. you are in indianapolis on a work trip. you are in a car and hit a teenager. it took the jobs of life to extract you. >> e, was the bad part. >> there must have e been so may bad parts. they told her mother what? >> wel, all of the diagagnostic tests -- the predictive tests said i would be vegetative. >> for the rest of your life? >>you know, what happens in germanic rain injury is --

traumatic brain injury is there is a lot involved. this is the trununk of a car, ts is a shopping cart. and, you know, some of these techniques they use are called compensation skills. they teach you to compensate for the bad parts in your brain. that was the impetus for this idea. i was in the hospital andcan about all this. wouldn't it be good to use someone else's brain? >> was that the idea for co-brain? >> it was. for me, it was a really important personal step. because part of healing is believing. right? when i could do a complex

thought process like that -- i did not know anything. i did not know m my own name. so, for me that waan importa achievement. you can come back. >> what is co-brain? >> it is a start up comny. still in its first year. a is a company that is using technology called collaborative intelligence. it helps people share brain power to make better decisions. >> you decided you were going from the job search business to the fashion stylist business. how does that help make better decisions? >> i thin i helped 100 million people find a betterer job. now i am trying to help them make better decisions. you go in and you tell it what you l like. you mit say i liked ru is in this price range and this -- >> with a halter neck.

>> and this material and colors. then what it does is figure out who also likes those things. right? >> which other users? >> it guides you to the products they are happy with. our partners are everyone from macy's and nordstrom to lord and taylor. >> you have the big ones. >> then they have the small ones. they want the customers to be happy and to the right proct. so, we are helping them. what i have learned is that it is all about the people that you surround yourself with. my assets are nothing. the company does not have machines. you have people. getting great people to be part of it and to see the vision and want to be like that and change

lives with technology -- that was a valuable lesson. in the beginning, i hired people that i likiked. >> this is a very cool ide a, to convince people that they will change the world by helping me fina better dress. you really had to sell this to smart people. >> [audio deleted] -- yes, but -- using apparel is just the start. right? we' goi to take ts product into restaurants and hospitality and into content. >> you said you would help people get the movies out. this struck me in reading about co-brain and all of the differerent uses. this is the kind of idea - -- google pays a lot of money to have their people sit around and think and come up with this. why doesn't google get out there? it seems like it has great

potential. doesn't make you nervous when you are out there ahead of google? >> yes. here's what happens -- entrepreneur and you get started, you find sprintingquinting -- away from 100 people that are chasing you. that will happen. it happened with career builder and it will happen again here. the only difference yoyou have s you have to go fast. >> and your company is the faster one on the block? >> my philosophy is itill be a hell of a ride or a ride to hell. >> you had the ght to hell in indianapolis. >> my mom taught me that. you have to be all in. you have to have courage. >> thank you for joining us. >> thanks. rob mcgovern.t

stay tuned for our roundndtable. fit, theusiness spotlight shes oto virginia women with tasty recipes for entrreneurial passion. we will tell you how they found success next.

>> welcome back. ouour small business spotlight focuses ono virginia women who kept t their day jobs while launching a new business that combines cooking savvy with marketing know-how. the results, savory toppings for meats and cheeses at are selling fast. going g into business with a friend can be tricky.

they say their recipe fofor success includ drawing the line, while letting her talent shine. >> they have been friends since high school and have the same passion. they even have the same name. but beth and bethany have very different goals that. >> going into businesess with yr friend cane tricky. we established strict lanes. from the front, it looksike everything is run by one brant, one voice. we have two people in separate lanes making sure that things are getting done. >> the idea was born inin the kitchen. >> i was cooooking at home and making some recipes. an original concept with bacon jam. at that everybody loved it and i woultry it out on everybody. andlled beth up one night we had been talking for while about opening a business. what do we do? we wanted to do something. i called her up and i said here

is an idea for bacon jam. she said i do not know anythingg about cooking, but i am in. it was not so much a scary endeavor as it was great, we have a an idea. now, let's brandon and put an idea around it. >> the two decided that with day jobs and little business expense, they would use their west virginia university marketing degrees s to follow te dream part time. the dream? savory jams. >> it is good on a baked potato. you can do it alongside chicken, on chicken. >> when it comes to topping meat, cheese, or a cracker, the possibilities are endless. >> i go for all the flavors. i exexperiment. we will sit in the kitchen all day on saturday or sunday and eat jam. >> very good. >> i am a picky eater. there were some that bethany loved.

and there were some that were no thanks. i know i am that other side of the demo. we have to appeal to that. we don't want to be just a gourmet product that only gore want.es we want to be in everyone's kitchen. >> the brand is in thousands of kitchens after only one year in business. they started selling in n aprilf last year and enjoyed $20,000 in sales. the target for this year is to double that. they know how to play to their strengths. a new to-do list tends to grow. >> we thought, okok, you would e this and i would be desperatete here we go, we have a business. but more roles came up. we need a website, how do we handle complaints? roles will come up as we go along. >> they have the passion and the creativity. they're are a local company using local ingredients. the mostmportant part? the planning. >> the one thing that beth and i

really took the time to do -- we were about nine months just planning. that was all we did. we did business plans and marketing plans. we really worked on our packaging and figuring out the cost. i think for any busine to really succeed, that planning is crucial. >> crucial and tasty. we come back, the roundtable. the find that citigroup got slapped with. critics 1 wall st execs to go to jail. we will have that and more coming up.

>> welcome back. it is time for the roundtable. therare a lot of headlines, from janet yellen to citigroup's record fine. ofst, what the downing malaia airlines flight 17 could mean for the world economy. josh, economics reporter for ap, and making his maiden v voyage hers fromhael political magagazine. sh, prede obama made it clear that he is going to hold russia accouab forhe downing of the malaysian airline flight. he seemeto get in some ds at our partners for not doing more alrey on sanctions. what do you think is to come? were at a disadvantage. this will air on sunday. what is gointoome? in their will act best interest.

in the long g run, wt we know is that the rusan e economy is nont doing ththat great. even if this incident in ukraine s not happening, it is ing to go around 1% is y year. the downside? if things heat up, it will fall into ression. mamaybe shed.8% tdp.p. >> michael, t the president alalready got ahehead of the treasury before announcing u.s sanctions. they targeted banks, energy mpanies. again, european companies were reluctant t to go along. no you have a tragedy that includes some the people from the e netherland does that the pressure oalof europe t to act? >> i think it has to. before this tragedy, tre w were serious divisision betweenhe u.s. and germany. still is, over intelligigen disputes and surillance of anla merkel's cell phone. we h had a tit-for-tat where germans discovered agents who works for thehe u.s. and expelld

the cia chief in berlin. it was really bad. this cannot helplp bring unity back t to the west.. stillmarks on friday s hesitantn terms of going the same directi obama has want to. ere e is some e workrk to be don there. such an enenormous tragedy. there ha to be repercussions. already people we predictcting that the economy would feel some of the problems in russia. wall street shrued off the downing of the plane largely. what do you think will be th overl pple eect?t? i think we will see some impact o on energy priceses. it is crcrisis pointlashing up all over, to most an unprecedented degree. what has b been surprising is tt we have noseen me impact.

there's a sense that we might reach a tiing point. perhaps it will go othe other direction with food and standing down -- putin statanding down. there were e reports today thato one was boboarding flights w wih laysia airlines. a lotf estions out there. >> questitions will ctainly be put to janet ylen on the hill. she was grilled by senators and house members. how did you do and what did she say? >> to look like she had been doing it most of her life. >> she kind of has. >> she has had a real l baptismy fire, obviously. not just through decades of experience on e fed, but in the past five or six years trying tfigure outhe recovevery. >> so people felt that e t of to a shaky start by being overerly pacifific about p plan. you vevery famouy wrotote a covr story that argues larry s summes wouldst t not the right guy for chrman of the fed.

you wrote a piece analyzingow danielle andnd would do. gde.r a the rocky start does n not shshow h experieience. she s en dispoininted by the numbers. is notot surprisising given her background as an econost. e is the most liberal progressive economist to run the fed, goingng all the way bk to ecls. so, i think t that we can expect to see some e of that over the next few years ashey continue to be ve focused on the unemplployment rate, which, thoh lowered,d, still holds many problems with than in terms of the long-term unemploymentnt problem. she is -- look bacack at the lasast couplf chaian's, going backo pauaul volcker.

he was t last one at you could say was mewhatibereral with hisis views, in terms of making use of the gogovernment. >> i wi we had a full hour with you. we have to turn toitigroup. the justice department issued a hefty fine. critics say we won executives to go to jail. shshould thehey go to jail? >> the sum and leave that open. possibilility could happen under the terms of the settlemen is it likely to? we h have to be someatpochal. the justice departnt will not pursue a a case unless things ae likely to succeed. have not seen justices act that way.. but we have seen justice do is haveve the settlements against banks. >> othethan the political appeal, assuming wall streetet exexecutiv arere sent to jail, s the a legal case thaany executives s should d go to jai? >> a small minority of jujudges have argued that. eric holder' j justice departmet

does not sm to agree. eric holder' j justice departmet does [ male announcer ] at northrop grumman, we've always been on the forefront of innovation. when the world called for speed... ♪ ...when the world called for stealth... ♪ ...intelligence... endurance... affordability... adaptability... and when the world asked for the future. staying ahead in a constantly evolving world. that's the value of performance. northrop grumman.

>> thank you for joining us and we hopope to see you next week. we will look to hear what you think of our show. you can go to facebook, follow us on twitter, or watch past interviews on wjla.com.

>> this week on "government matters." >> we did not have areach in security. we are confident that we will be able to protect the ta. hackers target the office of personnel management. an exclusive interview with car fun archuleta -- caerine archuleta. >> the overall loss of millions of dollars. >> taking down bond debts. d disband the to cyber criminal networks. >> this is "government matters." >>