>> business news from the capital region. this is "washington business report" with abc7 national correspondent rebecccca cooper. thanks for joini us for a fresh look at business and finance in the washington region. rebeccaooooper is off today. i am bruce depuyt. from one food truck to seven brick and mortar restaurants in the d.c. region and six years. plus, your over driver is not an uber eloyee. he or she is a a contractual worker.. how the ruling on that c could affect the priceceou pay f your ride. in our roundtable discussion, we will aicipate -- pontificate the global warning -- warming discussion, the pope's comment,

and how politicians might react. our interview is with a man who is a success by his own right, but has lessons to share. mike daniels is chairman at invincea the sever security company headquartered in fairfax, and was one of the senior e executives that brought saic to $11 billion. hehe has worked d in silicon valley for more than three decades. his resume is too long to go into now. say s idea of slowing down i serving on the boardrd of directors of blackberry and two other publblic companies, andd sharing ththe boardsf two other firms. right danielsls, it is terrific to haveve y you here on " "washington business report." " mike: nicice e to be withthou. bruce: you h have built high-growth technology companies roughout youour career. whwhat lessons in getting through the tough times -- what lessons have you learneded about pivoting as technology has changed? mike: throuough the touough times you need to persevere.

if there is any watchword in the technology industry, iis flexibility and adaptability. you have to see what the market isellingou and you have to make changeses in your comny, or else you will fail. bruc your worldld, our world, is one of near-constant disruption. mike: constant changes one of the things have always ved about the tech industry. bruce: it isis somethingng you have to acclimate yourself to. it is baked into the bread. enjoy the ride, because there is no getting around the constant chan. mike:e almost 40 years i have been invoed in it, it is both the good side of it and the bad side. if you are not aotson that can adapt and be flexible and change with the direction of the market you simply won't survive in the tech industry. bruce:y any definition, you are an entrepreneur. you like to take risks. your history is building companies om scratch. you also enjoy helng others

build their endeavor. you like helping others build on -- advanced toward their goals. can n you talk about that for a bit? mike: a reason after 35 years -- like all of usn the tech industry -- working day and night and building companies i was involved in, i stopped working full-time and basically started going on boards and investing in t th companies here and around thehe country, and helping those people. i did that bececause i had great mentors and greapeople i workedith, who o built great companies i was part of. bruce: talk about your attttitude toward your workforce. why is their success, their income, their educatition, their lives away from work -- why has thateen such aocus and priority for you? mike: because people are the key to building any kind o of company whether it is the tech industry

or other industries. that is a less i have arned. you need to help those people guide with them, work with them, empower them, and let them reach their full potential, becausee people are what make a compa greaeat. bruce: we know income matters and salary allows us to pay our bills, but survey after survey tells us there are thgs people care about, as it relates to their job, to their workpla life, that go beyond money. are you someone w who is in touch with folkshrhroughout the company? do you get a sensehat the other issues beyond money are? mike: every company i have been involved with at has bee successful, whether public or private -- the driving momotivation of that company was not to make a lot of moneyey. it was to build a great comny where we could provide jobs fo ultimately thousan of evil, to give thehem good incomomes for their families, to build houses, to buy cars, to educate their childrenen. our focus was never to make a

lot of money bruce: you had a rich life awaway from the office. you arare someone who has fun when he is no work. can you talk aboutow some of things you do away from wor help you when you are on the job? mike: yes, i am. i am a real adventurer, and i am thankful i am. i am a traer, a hir, a cyclist. my wife and i and our family have gone to the ends of the earth. i have always used thahat, even when i was working full-time and still do today. it is a sourcef relaxation for me and gives me a totally different for spec if othe day-to-day world of business. there is some risk in i but you major -- measure those risk there is adventure. you are learning something new consnstantly. learning constantly is the best thing in life. bruce: dyou find sometimes

your best ideas come when you arare at some remove from the work environment? mike: all the time. i am a believer in that. i think your m mind needs to be removed from the day-to-day business and you need to get in remote places and have a sense of how small y you are and how humbling that i is. when you are in the great mountains of the wororld, like everest base camp -- i have tracked there. i just got back from the art x x or call. tthese places are otherworldly and it puts everythingn perspective and humbles you. uce: it probably goes without saying -- you have not always been ceo. you have had jobs uand down the corporate ladder. you have flipped burgers. how have t those experiences informed -- to wt extetent do ththey help youow, when youou are on boards, you are ceo? mike: two of the greatest lessons i have learned in my entire life from t those jobs -- i was a janitor in my father'r's

small business in a little town in southeast missouri, wherere i grew up. i graduated to be a truck driver evy summer. i woul get up at 4:00 in the morning. we would be done at 8:00 at night. when i wt to college for a semester i flipped burgers in nonorth chicago, illinois, while i was at northwestern. i i gained an appreciation for really hard work. it did not matter if you were a janitor or a truck driver or working in mcdonald's. those were honorable jobs for people w came there every day.y. they worked hard. they were trtrustworthy. they were honest aboutut what they did. they crated a good life for them hahaving a job and something to focus on. bruce: when monday nig football started inn the early 1970's, my brother d i went arnd thehe neighborhood with a ventnture we called moay night betting. sometimes, the sllest experiences in life that you

accustomed to dealing with other people. i do not like to talk about my betting life, but it comes to mind. mike: a founder o saic -- emi worked together clely for years. bob always said, all of u us together are smarter than any one of us. if there is a mista people make in tech a and oth industries- they start to think they are the smartest people in the world. do not ever lieve it. you need the people around you toto make you suessful. bruce: you have had your share if you do not mind me saying it that way. it is a pleasure to lk to you. mike: great to o be with you. bruce: we will do it again. whenen we return, a man who turns to food when he was laid off from his construction job. his recipe to succesess is a true success story, coming up.

♪ ♪ bruce: educati is an important part of the road to success, but it i is th will and reiness to learn that rates rewards. for r the cofouounder and ceo o of strict tac he did not go to the university. he l learned what t he needed to on the street quite literally. our small business spotlight highlights commitment and a m who found success by heading back to his roots. osiris: i have always been a sales guy, you know? i grew up in mexico. my first job waselling newspapers. on the corner, i was pretty much 10 years old. and then i sold popsicles, and then i sold flows. i have always been selling angst, -- selling things, sisince i was young. bruce: osiris hoil had an early ununderstanding of getting people

what they want. this is what he did when laid off from his construction job in 2008 area's neighbors prompted him to open a taco stand. before long, he was serving 200 people a day. osiris: i always had the goal too do something more than just one taco stand. one of my dreams was to open a restaurant somed, but i did not know h i was going to get there. just like a brand-new company not a lot of people knew about us. but after seven months, people started coming and tweeting about it. alall of a sudden, we started serving about 200 people every day. when i realized we had something going down, we decided to open the first restaurant to take advantage of that social media and communicatation going around.. i have alwaybeen a dreamer.

i neve i always say, you have to focus on it and just get there. bruce: he opens three more restaurants by the end of the year, and three more in january. his expansions did not come in the form of a business degree. osiris: from a taco ststand to a ceo running a company with over 250 employees -- it is not easy. t i learned a lotot from my business partner, the ways other people do it. i just ask a lot of questions how they do it, and see what fits the best for my company. bruce: he also wants the best for the people work there, especially those who may have come from a situation silar to his. osiris: and is not just because

we are successful we are going to forget where we are coming from. i was a poor child. my pents were really pooler. i wanted to make sure to help those who need my help, because when it came to this country, i did not just want to help myseself. i helplp others to. -- too. bruc our roundtable is a first. we will talk about the bible and busiss.

bruc welcome back. for ou roundtable discussi this time, aree in a a tec

bubble? should we care that are over iver is not an empmployee of thehe ub comny? and how is the business community reacting to the pope's claration on i'm a ange?? i joined by jonathan aberman ofnd fe ventures and has her the washington business journal. -- jonathan abererman ofmplifier ntures and kasra kangaoo of "wasngton n business joual." lelet's start wi uber. jonathan::f you havemployees you have tprovide benefits. it will change the business margins. but it is a business that dependenon shiftin things that othther companies have as expenses onto other people. that is one of the hallmarks of the sharing economy. from society's perspecte, i would arguthat it is better

for people to be e workining at a ple where they have access to that bruce: does thiruli potentially spreread beyond california? will firms like uber and lyft popcorn to core and kindness in e golden state? kasra: it would take an act congress to put in a new rule that would make what happened in californiapread beyond that.t. the chance of that happening, not very high, i would say. bruce: loss like this generally are a state-by-state issue. jonathan: microsoft, for years, relied on using contractors to boost their profits. this is not a new game. it is something, franck lay, technology companies do as a matter of course. have a company with a 0 billion dollars valuation that maybe is not supportable if its business model is going to have to have employee benefits and things like that. quite it could definitely dating its valuation.n. the end of the day, uber has taken a novel approach to an

age-old industry, and users like it. customers, when they start using g it, they dnot seem to stop. it has that going for it at least. bruce: i think a lot of folks will be wching to see if an increase i in what the compa has to pay out in benefits ends otheexpenses impacts what consumers pay when we jump into a vehicle. >> that is a question, but that could haen on a state-bytate basis. >> that is an issue e for every business. and we talk about the minimum wage issue, when businesses have to pay more money for their employees -- they can accept t a shrink in margin o ps on to consumers. hard to pass on to consumers right now because we are in a deflationary economy. bruce: talk about the rumblings that are out there regarding what might be the bebeginnings of a tech bubble bursting in a moment. are we in a situation where the evaluation companies have o

paper bears no resemblance to what they are taking in, the profitability? >> valuation is sply and mand. money is so cheap because the effective cost of money i is zero because of fed easing. in dififferent parts of our economy, bubbles are starting to use bring up in different asset values. i believe the siliconalley model of innovation right now is vevery dependent on people pilin money in unicorn multibillion-dollar cocompanies, 30 of ththem. a large nuer of them. i do not believe it is sustainable, because public mamarket valuations of silar companies are not comparable. im anot sure they have the n. when there is a natural coection, people will say, the party is over. the reality is, the party continues. innovation in venture capitatal -- it is only a 50 year cycle. it has been going on a long time.

bruc do you ththink we are in for a system shock? >> this bubble -- ey are confinedo the primary -- the private market. in the 2000s, these were companies going public before they h revenue most of the time. what you have now is the reverse, private compani holding f of the public markets, soaking in private capital. it will prprobably be confifined, if there is a burst, to those companies the impact. >> i completely agree th thahat. in 2000, 2001, the venture capital industry had pushed companies onto p public marks that should not have been public. this time, they are keeping them on the value disconnect. it will be auch more iisible decline. we will not see ththe public rkets in the same way we did last t bruce: theope siding with those who think man activity is having an adverse effect on our weather, on the health of the planet. what impact do you expect?

>> one arena where it may not have an impact is the political arena. heading into the republican primary, most republican conservatives do not accept the science behind climate change. is this going to put any pressure on the republican candidates that are lining up? the answer is probably no. as far as the geral e election, i am curious to see how e republican front runner, whoever hehe is, w will respond to what is going to be i increased public scrutiny of thsubject. uce: the reaction from some who might side with the pope on other sues -- it is, stick to your knitting? this is cyclical. the last time thihapped was 50 y years ago, around abortion. for the leader of the largest faith-based organization to say

science is cororrect -- he is joining the pentatagon, every major oil compan and miami. miami is trying to secede from florida right now so it can deal with the water table. i wish that youould have politicians wewear logos like nanascar guys, who sponsors them. i do not know -- ththat would explain whwhy we have politicians sayi clite change does not exist. bruce: when weome back, our weekly pop quiz. ♪

♪ ♪ bruce: we end, as always,s, with oupop ququiz. the pope travels to the u.s. this fall. wilbe in several major ericanan cities. let's say for the sake of argument tt heontinues to ba the drum on climate, , he continues to p presshe issue here. can he tough the force of will and personality, what have you,raw the presidentitial candidatates, particularly on the repupublican sid away from their position on climate, which right now ses tooil dodown to, stick to your knititting, we will handle the science? >> i am not sure he ll be able toto change her republican candates position themselves, but i believe he will force a

conversation about politics and christianity. for too lon we have allowed political leaders toto use christianity as a shield. to sayay to ailli peoplple that this is chriian issue is a big evt. > i think he can maybe force a bit of change. this puts them in an awkward position on the republican side. the louder the conversation gets him the more the pope can stir things up, theore that a response other tn stickck to your guns will brequired. bruce: thank you f your time. good to have you her thks for watching us is time. we would love toear what t you thought about the shshow. you can follow us s on febooor onon twitter at washbiz. we will see you ba here. ♪ ♪

>> this we on "government matters" -- >> they are getting a lot of heat from lawmakers on capit ll. >> o.p.m. suffered one of the most devastating data breaches and u.s. htory. will the dirirector be the next shoe to drop? >> more p people cost money and create more issues. it is the way it goes. morris: the defense department needs help building the new i.t. a top contractor says that will require more automation and fewer people. >> it is screaming for strong bipartisan initiative. morris: will program management make the cut? "government matters" starts right now. from -- abc 7 and news channel 8, this is "government matters." morris: to our viewers around the world and in the nation's