. >> steve case is the author of this book: the third wave of entrepreneurs vision of the future. mr. case, this is not the first book known as the third wave. >> i'm borrowed the title. it came out in 1980 and is a senior in college then and i read that book was completely mesmerized. he protected four decades ago that the technology revolution and what we now know as the internet. i knew that's what i wanted to do and it took me a few years to get into that world but i did and when i decided to write a book i borrow that title and thankfully he was still alive and provided a blurb to how to connect those dots. >> what are your three ways which work. >> i focus on the internet. the first wave of the internet was getting everyone connected, getting america online in the world online. we started aol back in 1985, so 32 years ago and only 3% of people were online and they were only online one hour a week. when we said we wanted to create this connect world you would be tough and it took us a decade. many companies were involved in that in the beginning of that, the first wave essent

another kindst is of entrepreneur, a political entrepreneur. this is one who expends scarce resources to bring about collective goods for the party or an ideological group in the party. groups to office or do other things to help the party. this is what people usually expect formal party leaders to do. but you could have rank-and-file members do this as well you in the interest of time i can't go into too much detail. the other side of this is the strategic side. one would expect on the nurse to be strategic, thinking medium to long-term about how to achieve their particular objectives. case we think it is important to emphasize that strategic side. of meeting long-term goals and acting strategically to achieve those goals. what we do is talk about from theand we borrow military and thinking about strategy. the three legs need to be the same length. the three legs of the strategy are your immediate objective, your means by which you would achieve those and the resources you have available to do so. if they are not of equal length this is more u

he was one of the iconic entrepreneurs that led the way and led the way the second way. some of the ideas he put in place at apple even though he passed away will be important in third wave. hapless hinted they'll be more focused on things like healthcare. how do they use the approach that advisor on software and services and design to help revolutionize the healthcare system. even though we lost steve some of the insights he had and the perspective that he had will carry on. >> host: there's an incident in the book where the apple corporation puts you in your office in a catatonic state for while. >> was the late '80s, the strategy when we get started with aol we had $1 million in a big competitor at the time was prodigy back ibm and sears. they committed $1 billion. we couldn't compete head-to-head. our strategy was through partnership. we had a partnership through ibm and apple and created a venture between our company and apple. i think it was the first time apple lesson there brian name to another company. after your so they decided maybe it wasn' maybe it was a mis

we talked to entrepreneur's. feel like outside of the valley there's a little bit more of an openness towards other types of the cavities when you are building a product. the reality is if you are building a company you need the technical expertise that you can hire someone to do that. you can hire a ceo or recruit a technical co-founder at some point later. certainly i had the opportunity to spend time in chattanooga tennessee. it's absolutely a hot bed of starter pack 70 and feminism which is really unexpected and fun. when you are in a place that is a a new tax cuts like chattanooga you can write your own story. i think that's really cool and that's why you are seeing places like detroit and cleveland in pittsburgh and albuquerque and kansas city. these hubs that are popping up around the country where there are more women and more founders working in some these places because of the openness in their background. they aren't immediately dismissed if they don't have a technical degree or a fancy degree. that da

>> certainly among entrepreneurs. i think that is -- and there's a lot of ropes for that but definitely when you talk about consumer facing tech, you're seeing women that are not necessarily technical, who are starting these company, and one reason for that -- susan line, the founder of bbg ven tiers, built by girls venture, an aol venture she talks less about the fact that when the app store came online x and when you had this opportunity for people to be able you use open source tools to build an mvb, most viable product to build a prototype of their idea south having to raise millions of dollar's or be affiliate with a university, suddenly that opened the gates to anybody who had an idea. didn't take millions of dollars to build the first version of something to test on the market. build it for a couple thousand dollars. so once the costs started coming down and democratized the ability for anybody to be able to get into this world, and opened the gates for people come ought of business school or peopling from medi

. >> host: steve case is the author of this book, "the third wave: an entrepreneur's vision of the future." mr. case, this is not the first book known as of the third wave come is it? >> guest: no. i borrowed the title, came out 1980. as a senior in college in and about the book and is completely mesmerized he talked about the agricultural revolution followed by the industrial revolution. he was predicting, for decades ago, the technology revolution. what we now know as the internet. i knew that's what i wanted to do and it took me a few years to kind of get into that world, fun and did so when i decide to write a book i borrowed that title and thankfully he was still alive and provided -- the way to connect those dots come close at circle. >> host: what are your three ways? >> guest: my book is on the internet so chilly the three waves, two of the ways we've seen and one wave is coming. the first wave of the internet getting america online, getting the world online. we start aol back in 1985, so 32 years ago, only 3% of people were online and old online one hour a week. when we said we w

in this part of the program, entrepreneurs and investors are coming face to face as these would-be entrepreneursake their 30-second elevator pitches to investors. >> i love your idea. >> reporter: the program worked for cost marte, a former new york drug kingpin. he was serving time when he heard about defy. by then, marte had lost 70 pounds while in prison, so marte knew his game plan. >> i was already helping these guys in the yard, and i felt this was my calling, my mission. >> reporter: once he was released, marte started a gym called con body. the company now has 14,000 members and just opened a studio at sachs fifth manhattan. the secret behind the program, to build confidence and trust. perhaps the most intense part of the day is an exercise called step to the line, with the eits on one side and volunteers on another, reads a statement and people step up to the line if it's true. >> i feel ashamed of my past. >> reporter: it's a way for both sides to see how much they have in common and how much they don't. >> my mother or father has been to jail or prison. >> reporter: the activity broug

[applause] rump: she has been a force for landmark women entrepreneurs, and she worked very hard for the women entrepreneurs finance initiative, so i want to thank you, ivanka, for all the great work you do in so many ways in addition to the great work you have done over the last few weeks and months, working so hard to help everybody. you are helping the chancellor, but you are helping women all over the world, and i want to thank you. thank you very much. i also want to thank world bank president, my friend. great guy. really a great guy. i might have even appointed him, but i did not. he would be a great appointment. and the founding donor countries for their tremendous support. we have had tremendous support from so many countries. chancellor merkel and ivanka, this is a vision that has become a reality. a very strongly funded reality. thank you for your efforts and dedication to this very critical issue, and i love it because so many jobs, even beyond women -- the women will be creating tremendous initiatives and businesses, and that means jobs for people. we applaud everyone in

steve: what are the biggest obstacles for any entrepreneur who wants to start a business? what advice do you give them and what are the pitfalls? ms. mcmahon: i can tell you what i have heard, even before i came to sba. i campaigned for the senate in connecticut in 2010-2012. i toured small businesses all over connecticut. what i heard from them is the same thing i am hearing today. access to capital. the regulatory environment. taxes. health care. those are the things that for businesses, especially already in place, those are the things that are being the most difficult still to deal with. entrepreneurs who want to start their businesses, which is where sba is, right in the forefront to give advice, they need access to capital. you've got to have good capitalization to start a company. but what i have found at sba is the general public or small businesses at large don't really know all the sba has to offer. yes, you think about moans when -- you think about loans. we guarantee loans we don't make , the loans ourselves. we help make loans available to those folks who woul

>> certainly among entrepreneu entrepreneurs.re are reasons for that when you talk about the consumer base you see women that are not necessarily technical that are starting these companies and one of the reasons for that, suzanne who is the founder of the aol backed fund startup she talked to us about the fact that when the storm came online and then you suddenly had this opportunity for people to be able to use open source tools, to be able to build a most viable product prototype of the idea without having to raise millions of dollars were to be affiliated in the university suddenly that opened up the gates to anybody that have an idea but it didn't take billions of dollars to build a version of something you wanted to test out on the market you could build it for a couple thousand dollars, so once the costs started coming down it really democratized the ability for anybody to be able to get into this world and opened the gates for people coming out of business school or media. i think many of the founders that we spoke to did

being mentored more than female entrepreneurs, male entrepreneurs getting several strikes against theme they're let go where female entrepreneurs, it's like one strike and you're out. i really credit my own board and my own investors for believing in me, coaching me, letting me fail and make mistakes, letting me grow and i understand that i'm the exception to the rule. because in most cases, my peers, female -- other female founders don't get the same level of support from their board and their investors that i've gotten from mine. >> i was going to say this is not a lesson that is taught in school it's not a lesson taught in college. what advice would you give other entrepreneurs that are already successful or hope to be successful when they come into the situation how to handle it >> now i think that there's a network of other entrepreneurs and a network of female investors who want to listen, who want to help there is also really brave people in the media who are trying to get this message out there. so there is definitely a community of people that you can talk to at this point. an

i'm an 110% entrepreneur. i launched a podcast called pitch makeover.interview entrepreneurs and i give them a literal makeover for their pitch, you know, what they should keep, what they should add, what they should delete. and the reason that my top tip is leverage "the do-over" is because i go to so many pitch events and entrepreneurs get all this feedback and they are not applying the feedback, they are not putting it into practice. what we do on the podcast, pitch makeover, is as soon as i give them that makeover, as soon as i give them the feedback, guess what, they get a do over, they get to do their pitch again, implementing the feedback that i give them. and so the reason that it's so powerful is because when someone -- you know like some people say an entrepreneur the startup is their baby and as soon as you get feedback that's constructive criticism it can get you deflated. instead of thinking of it as something that is disappointment we're giving these entrepreneurs the opportunity to do over their pitch. >> basically the gist is when you he

translation: not many entrepreneurs can be successful the first time around.om our m ista kes around. we need to learn from our mistakes and failures. but injapan, once you fail, you struggle to get investment. i have met friends like that. japan needs to become more forgiving of failure. as the rest of corporate japan goes home, young inventors a re corporate japan goes home, young inventors are dreaming big. the sign on the wall says never miss a good opportunity. for many who try and follow his footsteps, it may not be the of opportunities, but the fear of failure, that is holding them back. and she will have a lot more every week. the elite hackers of the world were recently in las vegas for defcon. the best way to get support from hackers is an onstage demo, and one from hackers is an onstage demo, and u from hackers is an onstage demo, and one group did it, and they did it with a cheap robot. there are several hundred here. they are trying to hack that safe. from the outside of the safe, this thing is magnetic, we walked up, attach it to be safe, and it

i never used to be an entrepreneur. i was terrified of becoming one.cess is slim to none. i was facing a very deep, profound personal problem, and i knew that i had to solve it. if female entrepreneurs only focus on solving their own problems that are key to women, we arejust their own problems that are key to women, we are just reinforcing the same stereotypes that have plagued women in business for years. stereotypes about what men and women are good at, the traits that they possess , are good at, the traits that they possess, they are more exaggerated than reality. in most businesses, men and women are probably equally likely to have the traits needed to be successful is. the perception is worse than the reality. less than 596 of fortune 500 companies have female ceos. while more women than ever are starting businesses, it is still far less tha n starting businesses, it is still far less than men. if the card is ever going to receive the full benefits of gender equality, everyone will need to rethink what businesses women can succeed need to rethink

alexis: i only know it from the perspective of the entrepreneur.hat level playing field and that neutrality guarantees innovation can thrive. at the end of the day, what we want is for the free market to pick winners and losers, not big cable. net neutrality is what makes the difference between those two things. emily: what if the rollback happens? what would the consequences be? alexis: it would only be the start of a conversation that i know america would need to have with their elected officials, but what we can expect is the kind of thing that, unfortunately, won't surprise many people who have dealt with their isp's before. that is increased rates. you can imagine an internet that looks a lot like yourunfortunat- cable television, where you get a default package that may have some news websites and some social networking sites you like, but the ones you love costs more. tiered internet is fundamentally broken. it is pretty offensive an idea to most americans who want to access the websites they want to access and for so many entrepreneurs who

i never wanted to be an entrepreneur. quite frankly i was terrified of becoming an entrepreneur.d of success entrepreneur. the likelihood of success is slim to none. but i was very passionate about this problem andi very passionate about this problem and i knew i had to solve it. but if female entrepreneurs only focus on solving their own problems, or catering to women, they risked reinforcing the same stereotypes that have plagued women in business for years. the stereotypes and preconceptions about what men and women are good at the traits that they possess a more exaggerated than reality. in most businesses, in reality, men and women are equally likely to have the traits needed to be successful. the problem is the perception rather than reality. less than 5% of fortune 500 countries have female ceos. and while more women than ever are starting businesses, it is still far less than men. if the economy is ever going to receive the full benefits of gender equality, everyone will need to rethink what business —— businesses women can succeed in. the chinese president is in moscow f

these budding entrepreneurs dream of taking their company public in the future.leo is visited by someone seeking assistance regarding a new business plan. >> leo was contacted by this man a week earlier. after several e-mails and phone calls, he decided to invite them in to talk with some sympathetic investors. the man's pitch is to standardize the transfer of registered names for used cars in china, making it easier to buy and sell used cars online. >> with no business plan or fixed timeline provide, the investor was still not convinced. >> leo told the man to rewrite his business plan and he promised to make a website for him, if necessary. more than 2,000 people visit him every year. visitors include those seeking advice, investors or protection for their business ideas. but no matter how much potential a plan has, a system of reality must be maintained. >> with roughly 700 million internet users in china, online information spreads like wildfire. when new innovative services start up, they're soon flooded with inquiries. but sometimes they become the root of

alexis: i only know about it from the standpoint of an entrepreneur.nk the chairman as a lawyer. i know that level playing field chores --ativity and ensures -- net neutrality insurers guarantees innovation can thrive. at the end of the day, we want the free market to pick winners and losers, not big cable. emily: what if the rollback happens? what would the consequences be? alexis: it would only be the start of a conversation that i know america would need to have with their elected officials. what we could expect is the kind of things that unfortunately will not surprise many people who have dealt with isps before. that means increased rates. you can imagine internet that start to look a lot like your cable television. you get a default internet package that may have some news sites you like and social networking site you like but the ones that you really love cost more. a tiered internet is fundamentally broken. it is pretty offensive an idea to most americans who want to get access to the websites they want access to and to entrepreneurs to start a

i'm 110% entrepreneur. i launched the podcast called pitch make over. we interview entrepreneurs and i gave them a literal makeover for their pitch, what they should keep, what they should add, what they should delete. the reason my top tip is leverage the doover is because i go to so much pitch events and entrepreneurs get all this feedback, and they're not applying the feedback, not putting it into practice. what we do on the podcast, pitch makeover, as soon as i give them that makeover, as soon as i give the feedback, guess what? they get a do-over. they get to do their pitch again, implementing the feedback i give them. the reason it's so powerful is because when someone -- so many people say an entrepreneur, the startup is their baby. as soon as you get feedback that's constructive criticism, it can get you deflated. and you're like, ah, it didn't work out. instead of thinking about it as something that is a disappointment, we're giving the entrepreneurs an opportunity to do over their pitch, make it stronger. >> basically, the gist is when you hea

entrepreneur and author. dangers of social media and internet in today's world stage. but is that our behavior. much as you just. tell us a little. fuzzy. on the. by then got a session on the nod that they know. by then is a shift the balance. all of a sudden to an audience that of course is going on want. some certainly not so with. the most of it was revealed to the pope multiple injuries among current america so the keeps a few. of the show's real you know mars on the phone to go mobile if you can book a powerful social services so you're going to book a more awesome. month. hanumant enough of a. puff allowed me. somethin to walk. on long enough something not set in. the model s. and the tunnels look ma no know what i can now maybe i maybe i'm not the whole of the. match prizes financial survival stacy let's learn a solid feel love let's say i'm not so i get any earthly use. of the fight wall street fraud thank you for something. destroy that's right. that's slavery. and we're back with andre cain internet and for an hour you test out the con the monopoly in the int

he obviously was one of the iconic entrepreneurs that had led the way. some of the ideas he put in place at apple, they are going to be important in the third way. apple has hinted they will be focused on health care. how do they use the approach apple has around software and services and designed to help revolutionize the health care system? has,of the instincts he that perspective will carry on. >> there is an incident in the book where the apple corporation puts you in your office at a catatonic state for a wild. steve: the late 80's, we got started at aol, every competitor at the time was prodigy. we couldn't compete head-to-head. we created apple personal edition. i think it was the first time apple license their brand name to another company. they decided maybe that was a mistake. we had debates. wanted to sell only in apple stores, things like that. call, saying we want to tear up the contract. we don't like the idea of this service anymore. it was a scary moment. we thought maybe we are not the restmake it area is history. instead of being a disa

one of the great entrepreneurs of the world. he has a real bond with the administration and with americans. foxconn joins a growing list of industry leaders who understand that america's capabilities are limitless and that america's workers are enmeshed and that america's most prosperous days are just ahead. we are going to have some very, very magnificent decades. thank you all for being here. thank you t, terry, and thank y to foxconn. god bless the united states of america. god bless you all. thank you very much. thank you. thank you.

successful entrepreneurs reality is you only have one winner in each sector facebook in social media google in each car sharing. amazon an e-commerce so what you have is a very typical really development but exaggerated in economics we had it in the industrial revolution with the emergence of monopolies and the way to respond to that is in the way we've always done historically with legislation. and to trust legislation the idea that. technology is to blame for this i think is a mistake and then take a short break right now when we come back we'll continue talking to enter a cain internet entrepreneur and author. dangers of social media and internet in today's wall states. anything gentleman actually round you do you want boat. international aviation and space on merck's twenty seventeen will lose your seat a billion upright position. and stereo remote control you are needed for the marching bands twenty seventeen is a pretty innovative technology is modern and crafts and the latest achievements of the aerospace industry during my next year is will be offered simple. and really true

successful entrepreneurs reality is you only have one winner in each sector facebook in social media google in. car sharing. amazon in e-commerce so what you have is a very typical really development but exaggerated in economics we had it in the industrial revolution with the emergence of monopolies and the way to respond to that is in the way we've always done historically with legislation. and to trust legislation the idea that. technology is to blame for this i think is a mistake and then take a short break right now when we come back we'll continue talking to and cain internet entrepreneur and author. dangers of social media and internet in today's world stage. it is our view that i'll be here. much as a. little. high. on the. by then got a session on the nod there in. by then is a shift that on. the clear nodded said i'm. going to learn more. songs certainly not so with. them you know supposedly how to get the pope multiple injuries among current america so for them to keep sophie hold the rock but the show's real you know mars on the phone to the book on the movement of a polit

all entrepreneurs should be able to have access as they want it. but when we start talking, margaret, about automated cars and automated health monitoring, i think that probably we're going to want a way for some sort of priority quality of service. so it's, you know, we're talking about future services, and we all want entrepreneurs to be able to develop whatever they want. but i do think that we will probably want some sort of quality service as we move forward. >> host: meredith attwell baker, what about the recent announcement that president trump is renominating jessica rosenworcel to serve on the fcc? >> guest: she is a fantastically qualified candidate, and we will be thrilled to see her back. also a have a complement of full if fcc commissioners, it's important they have so much work to do that i'm thrilled to see jessica being nominated. she's smart, she's qualified, and she is a terrific public servant. >> she's also a big advocate for making more spectrum available, but she's also very interested in making sure that unlicensed spectrum i

block the he plans to startup visas given to entrepreneurs who come from foreign countries. how big of a deal is this? dick: i think that's really unfortunate. i think to be just blunt about it, it's a sign he is not paying much attention to what tech leaders are talking to him about. i assure you they would be promoting that idea. it promotes job creation in the u.s. you want the best entrepreneurs in the world starting their companies and big instances here in hiring people here. to the extent you can attract them here and enable them to build those companies here and thrive here, that's a great nourishingpital and of entrepreneurship we have. the more of that, the better. i think it's unfortunate and it's a sign not having been in any of those discussions that it's pain lip service to listing to tech leaders and not really doing it. emily: we saw them take a hit the last couple of weeks. email presidential scandal. what would you be bracing for? whilei have thought for a that the market had been underpricing risk with everything going on in the world, not just this. of th

caroline: talking about being close to entrepreneurs and businesses.k it is in your london office, you have an entire floor open to companies, startups smaller than yourselves who want to come and rent. why do this? are you looking at acquisition opportunities, or do you just want to be close to what these other startups are doing? samir: it is very simple really. our business is growing incredibly fast, so we have originated about $4 billion since we started the business seven years ago. $1 billion of that came in the last six months. the business is scaling incredibly fast, and what that means is we need to keep adding more and more people all the time. what we found was that we were constantly having to move offices. by taking another floor and actually renting it out, we actually are able to make a little bit of money on that, but also -- which wasn't the primary aim, but it gives us space we can flow into. it has actually been really nice. we have a number of different startups there. it is cheaper than renting anywhere else to be honest in london

alexis: i only know about it from the standpoint of an entrepreneur. he is a lawyer.now that level playing field guarantees innovation can thrive. at the end of the day, we want the free market to pick winners and losers, not big cable. net neutrality is what makes the difference between those two things. emily: what if the rollback happens? what would the consequences be? alexis: it would only be the start of a conversation that i know america would need to have with their elected officials. it won't surprise many people who dealt with isps before. you can imagine internet that start to look a lot like your cable television. you get a default package and there are some websites that you like. the ones you really love cost more. a tiered internet is fundamentally broken. it's offensive and idea to most americans who want to get access to the websites they want access to and to entrepreneurs to lincoln start a business and win because they made something people want and not lose because somebody brokered a deal. emily: tech companies have become incredibly powerful. yo

we all want net neutrality rules and we all want consumers and entrepreneurs and the garage onto protect access to the internet however they want whenever they want. we also all want our broadband networks to get better and faster actually realize this amazing 5g future. i think we're close, i believe the same thing about net neutrality. the question is under what regulation of the going to bring that about? i think chairman pai is rightfully focused on investment and how do we make sure that we incent investment in these new 5g networks, and so is taking a look at it and we appreciate him doing that. the .. under a 1970s law that was designed for monopoly telephones. it regulates costs, rates, terms, conditions. even regulates what information can be put into a telephone book. that is not be innovative internet that we think of and we want to see flourish in the united states. so i think the fcc is on a great role. we all worry about net neutrality, the wireless industry welcomes net neutrality rules and i'm really hopeful and optimistic that we can see congress there. >> would you like

we all want consumers and entrepreneurs to have access to the internet. however they want, whenever they want. we also all want to rub and networks to get better and faster and utilize this amazing 5g feature. we all believe the same things about that neutrality. the question is under what regulation are we going to do that? how do we make sure that we have an investment in his new networks, he is taking a look at it. we need to make sure the standards are global and not just particular to the united states so we can have this scale and scope to make it price right for the economy. i guess i want to give you one example on price and why we need to rethink this. that is something that cannot happen for this rollout. there has to be the way we can have access to what we need on a cost-based affordability and we have to be able to streamline the process and truncate the time it takes. >> with every state being different and community been different, what do you think is the role of the federal government in streamlining or does the fcc have a role in how we

emily: i know that entrepreneurs come to you.you ever found where you are a co-investor where there is bad behavior alleged against that person? maha: i have been very fortunate for that to not be the case. i see female entrepreneurs on a daily basis. to a person, each of them have told me a bad story. this is been happening for 17 years. by no means is this a new thing, but we've got to put effort into making it stop. emily: what are those efforts? signing a decency pledge is great in theory, but shouldn't everyone just be decent? maha: that's an incredibly low bar. we shouldn't need to sign something. i have said this before, i believe that a huge part of this bad behavior stops when you have females and minorities at the investing table. and in senior investing roles. stuff like that will not happen. behavior will be checked. from a social psychology standpoint, i want to invest in people that look like me. at my firm, we have three investing professionals out of eight, i'm sorry, the gp role, 40% at my firm are female. that's

nbc sh had anell jones talk to two entrepreneur couples to find out. >> this couple has been flippingver good old fashioned flapjacks long before they said i do. >> pancakes are an american staple. everyone has eaten a pancake in their looimt. so we wanted to do something that relied on everyone's personal experiences with pancakes. we started this business when we were dating, right out of college. >> right out of college, yeah. >> and we got married a couple of years ago. >> 6 years ago, 20 somethings matt and lizzy griddled up their all natural, all american organic pancake and waffle mix, vendors, a bona fide business born out of a simple idea. >> the original idea for birch benders came up when i woke up one morning, i was really hungry, wanted pancakes, but i didn't want to go to the trouble of making pancakes. >> the hospital duo says it took 99 taste tests to settle on their one step recipes which only require water. >> millennials like things fast and quick but delicious. so we wanted to make the best possible pancake experience with the least possible work. >> i had a feelin

but as sharon chin shows us, low income entrepreneurs are getting the tools they need to succeed. to cook home-style mexican food for customers out of her apartment. today, she ru her family - >>> reporter: isabel used to cook home style meals out of her apartment. online at cbs-sf dot-com slash- hero. today she runs her own restaurant with her family in san francisco. >> people come and enjoy the food. >> reporter: she is a graduate of la cocina, the kitchen in spanish. the nonprofit incubator in the mission district led by executive director caleb zagris. he knows the struggles of starting and sustaining a food business, especially for low income women and immigrants. >> so somebody has a vision, talent and determination to bring that product to market, i hope our organization can ensure success. so the first thing we offer is affordable commercial kitchen space. >> reporter: so chefs can grow their business with food like dumplings and others. >> i wish you could smell this. the warmth of the curry. so good. >> reporter: entrepreneurs who get accepted into the three- to five-year

the entrepreneurs ended up raising $150 for officer moreno's family.lan to deliver it tomorrow. a public funeral will be held for officer moreno on friday. >>> right now at 6:00, we are just three hours away from fireworks on the national mall, and other towns across our area. remember this from last year? before the fireworks were set to begin. the show did go on, but it was so foggy, the capital 4th concert on pbs was forced to show fireworks from previous years. people called them out for that too. other communities postponed their fireworks to other nights. so right now, everybody wants to know if this year's weather will hold up. we've already seen some showers downtown this evening. this is video from about an hour ago. i'm here with howard bernstein in the weather center with the fireworks forecast. >> those showers earlier, those are gone, but still tracking some things north and west of town that might make a problem later on. i think we're going to have some problems before the fireworks set to go off at 9:09. talking about temps in the low 8

for small businesses and entrepreneurs across this country and it's great to be able to address you today. and it's a particular honor for me to bring greetings from a friend of mine, who himself is a business man in an independent business, who's fighting every day for job creators just like all of you. the 45th president of the united states of america, president donald trump. [cheers and applause] vice pres. pence: you know, the president sent me here this morning to deliver a message. but first and foremost, to just say thanks. with the strong support of small business owners like you all across this country, president trump last fall won a historic victory. more counties than any president since ronald reagan, 30 of 50 states, states no republican had actually carried in a generation, and the president and i couldn't be more grateful for the men and women of the nfib who stood with this president all along the way. thank you for your support. [applause] vice pres. pence: and before i go any further, let me give you a quick update on one of the president's top promises and top priorit

so that all entrepreneurs feel welcome. know what you say everybody is calling everybody. ,what kind of calls are you getting? maha: i'm getting a lot of calls and spending an hour or two a day either talking with entrepreneurs, i am on the board that is taking a very serious look at what's going on and thinking about how to approach this topic in a holistic way. limited partners of hours -- it is certainly top of mind. we are talking about the fact that it is happening, what we can do, can we put motions into -- notions into term sheets, can pool ofa more diverse investing professionals around the table? there are many things like hotlines, and many notions being talked about right now. my hope is we can come together as groups and make this a more inclusive environment for venture and spilling over into the entrepreneurial pool. maha: i know that entrepreneurs come to you. have you ever found yourself in a position where you are a partner with a co-investor, and there is bad behavior alleged against that person? maha: i h

the young entrepreneur has harnessed i.t. to revolutionize the taxi business.ven the overseas media has taken an interest in his success. >> in august 2015, he was invited to take part in a forum. >> smart phone ownership has spread rapidly in the last few years. in fact within five years, i think all indonesians will own a smart phone what we now need is to build new businesses that will harness this new technology. >> i am extremely impressed with the achievements of gocej. it's important to take a broad perspective toward future developments. >> i know this is a very important and pressing issue for the government, and i feel its indispensable for the development of our country. >> however, the rapid increase of online motorbike taxis represents a significant threat to existing operators up until now, commonly used modes of transport are known as bajai. shared taxis. and standard automobile taxis. they're all required to get operating permits from the ministry of transportation all of these vehicles use yellow number plates. yousef is 35. two years ago, he s

andll want consumers entrepreneurs to have access to the internet. however they want, whenever they want. we also all want to rub and networks to get better and faster and utilize this amazing 5g feature. we all believe the same things about that neutrality. the question is under what regulation are we going to do that? sure that we have an investment in his new networks, he is taking a look at it. we appreciate him doing that. congress tos for decide how they want to regulate broadband networks. head of thehead -- fcc we were looking at the neutrality rules. even the chairman of the democratic did not want to touch the title because he was worried about investors. broadbandwant to put under a 1930's law that was designed for monopoly telephones. terms,sts, rates and that is not the innovative internet that we think of that we want to see florida united states. i think that the fcc has done a great role. the wireless industry welcomes the net neutrality rules and open internet, i am very hopeful and optimistic we can see congress act. >> what would y

maha: i know that entrepreneurs come to you.e you ever found where you are a co-investor where there is bad behavior alleged against that person? fortunateve been very for that to not be the case. i see female entrepreneurs, each of them have told me a bad story. this is been happening for 17 years. effort into put making it stop. emily: what are those efforts? shouldn't everyone just be decent? maha: that's an incredibly low bar. before, id this believe that a huge part of this bad behavior stops when you have females and minorities at the investing table. stuff like that will not happen. behavior will be checked. from a social psychology standpoint, i want to invest in people that look like me. 40% at my firm are female. that's not an accident. it is not something we did purposefully. it just happened. the average is more like 6%. we have reached a tipping point. emily: she is the general partner at canaan partners. thom and dive into the earnings report. this is bloomberg. ♪ ♪ emiliy: welcome back to "best of bloomberg techno

so there's a wide range of entrepreneurs. anybody can be an entrepreneur nowadays, right?n't say there's necessarily specific demographics that have been most likely to be an entrepreneur or an investor we've had investors ranging from kids in college, to retired older folks who need the e-mail help at netcapital.com to help turn on their computer >> i got to tell you, i think this is real interesting i'm glad i had you on. there are a lot of people saying, had i got in at, then i would have here we go do it with netcapital. that's jason frishman ceo and founder. good idea for young people "mad money" is back after the break. ♪ this is a story about mail and packages. and it's also a story about people. people who rely on us every day to deliver their dreams they're handing us more than mail they're handing us their business and while we make more e-commerce deliveries to homes than anyone else in the country, we never forget... that your business is our business the united states postal service. priority: you ♪ you myour joints...thing for your heart... or your digestion.

that all entrepreneurs feel welcome.ly: when you say more cards to fall, i know everyone is calling. what closer you getting? >> i'm getting a lot of calls. i'm spending about one hour or two today talking with entrepreneurs. the nbci is taking a serious look at what's going on, and thinking about how to approach this in a holistic way. i'm talking with limited partners. it is certainly top of mind. emily: talking about what? >> the fact that it is happening, talking about what we can do, can we put notions into term sheets? can we have a more diverse pool of investing professionals around the table? like are many things hotlines. there are many notions being talked about. i hope we can come together and make it a more diverse and inclusive environment for venture and spelling into the entrepreneurial pool. emily: i know women come to you and you have been an advocate. have you found yourself in a position where you are a co-investor, where there is bad behavior alleged against that person, before or after the fact? >> i

i was terrified of becoming an entrepreneur.ep personal problem and i knew i had to solve it. but if female entrepreneurs only focus on solving their own problems, or catering to women, they risk reinforcing the same stereotypes that have plagued women in business for years. the stereotypes and preconceptions about what men and women are good at and the traits they possess more exaggerated than reality. i think in most businesses, in reality, men and women are relatively create likely to have the traits needed to be successful but it is the perception. less tha n successful but it is the perception. less than 5% of fortune 500 companies have female ceos and while more women than ever are starting businesses, it is still far less than men. if the economy is ever going to receive the full benefits of gender equality, everyone will need to rethink what businesses women can succeed need to rethink what businesses women can succeed in. time to look to see what other stories have been making the news today. dominic o'connelljoins us.