so entrepreneurship is part of who we are. that's particularly true now that michael has taken the company private. it is not only built into our culture. it is built into our expectations of how each and every one of us do our day-to-day job. that's number one. second, we have over 10 million entrepreneurs as customers. as i said at the beginning we went out and we're trying to listen to those customers and what they need. bottom line we have the entrepreneurs back and we're willing to spend capital to demonstrate it. >> any fear of the bureaucracy getting in the way of this grand vision? >> oh, yes, that is always a concern. but by bringing an entrepreneur who has had success in the private cit industry inside, that will help prevent this program from being dragged down from the bureaucracy its trying to prevent. >> chris, thank you for coming on the program. >> thank you very much for having me. >> two of the biggest names in the tobacco industry are talking about a merger. reynolds and lorillard are considering merging. it

. >>> entrepreneurship and government bureaucracy has historically been at odds.t that could soon be changing. agencies have all started using entrepreneurs in residents program to cut some of the red tape. we look at the heart of innovation itself in silicon valley. >> reporter: lisa marie martinez has made it through just fine holding a full-time job and raising a family in the bay area all with the assistance of a cane. but when she needs to catch a flight, her hard-fought independence has all but lost. >> here you can see all around you and navigate independently through the airport. as a blind person i can't do that. >> reporter: the collaboration between the san francisco airport and a start up called "indoors" sponsored by the entrepreneurship in residence program hopes to change just that. >> we want to realize the process where everybody going through san francisco airport can use our technology. >> reporter: by installing 800 small disks around the airport terminal that can track an user's smart phone and pairing that information with a custo customized

city, states and federal agencies have all started using entrepreneurship programs. we look at the heart of the innovation right there in silicon valley. >> reporter: lisa march radio martinez has made it through life without sight just fine holding down a full-time job and raising a family in the san francisco bay area with only the guidance of her cane. but when she needs to catch a flight this 33-year-old finds her hard-fought independence is all but lost. >> as a sighted person you can glance around and see what is around you, and you can just navigate independently through an airport. as a blind person i can't do that. >> reporter: but a novel collaboration between the san francisco airplane and a start up "indoors" hopes to change just that. >> we want to realize the project with everyone going through the san francisco airport by using technology. >> reporter: by installing 800 a small disks that can track a person's smart phone and pairing that with a customized app, people can use audio instructing them where they want to go. six city department selected sta

we're talking about average joe entrepreneurship, people renting out their idle assets to earn a littlera cash. it has turned to a $26 billion a year industry. that is not chump change. is the shared economy infringing on revenue streams or creating knew ones. >> people like avis and hertz they go out and acquire the companies that came into this car-sharing business early on. and companies are taking risks they wouldn't have normally taken. i think you can see companies like air b&b, and uber, they will be competing with companies like amazon, they are logistics companies already. so you will see a lot more innovation from the few that are able to scale that large, up to more established companies. the bigger companies are not going to standing back and let this kind of happen without them stepping into the market. >> all right. >> go ahead. aruin. >> one of the most -- i mean, exciting things for me about the sharing economy, is the fact that i think that these platforms can be engines for innovation, and here is how -- you know, now when you -- i mean today when you want to start a b

this is about entrepreneurship and our women and our middle class initiatives for entrepreneurship, to create more employers, to create small businesses and that entrepreneurship, that innovation's connected to education and opportunity by the make it in america and the build america brings us all together. so today, with this action plan, we reassert the great truths of our country, of our history, and of our future. when the middle class succeeds, america succeeds. when families succeed, america succeeds. and when women succeed, america succeeds. thank you all. now i'm pleased to yield back tower distinguished chairman -- back to our distinguished chairman. >> thank you. we want you to have a choice. continue the shutdown, do-nothing politics, or move to jump start the middle class. come join us, america. let's jump start the middle class together. thank you all very much. [cheers and applause] >> leader pelosi! >> leader pelosi! >> leader pelosi! will you answer questions? [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2014

so part of the challenge in entrepreneurship is financing. and for so many individuals across the continent it's just very difficult to get that initial start up money and the truth is that in many communities around africa it's not that you need so much, but you need something, that little seed capital. and so what we would like to do is to work with programs that already are existing to find out where the gaps in terms of financing, and then to make sure that we are utilizing the resources that we have in the most intelligent way possible. to target young entrepreneurs to create small and medium size businesses all across the continent that hopefully grow into large businesses. and if we're supplementing that kind of financing with the training and networking that may be available through yali we can see the blossoming of all kinds of entrepreneurial activities all across the continent that eventually grow into larger businesses. so we're very interested in this. this is a primary focus of the summit that we have with african leader next we

. .f you get the distinction we don't teach history of entrepreneurship, we teach future. we have them read science fiction and predictive analytics , and they do forecasting. they go through a survival training course. it is a very different thing from anything else you have seen out there. we're quite excited about how well it has worked. it was a bold experiment in education, and i felt it was worth it to try leading by example. its great. stanford is coming down, and they're doing as much as they can to create the same type of activities that we have at draper university. usc is coming up. the president of the business school came up and they're trying to imitate us, too. i think that's great. that is really what we're set up for. yes, there is the boost incubator, the boost accelerator, where there is a little bit of a flow from the students to the incubator, but they don't always go for that purpose. they go to become heroes. >> tim, if this goes to the vote and the other 49 states, is there something in it for them? >> that is where i think it will be a part of an i

sort of a manifest destiny march toward entrepreneurship and technology.eality is an instinct for how do we come together as people and what are the ways to help that. and software, entrepreneurship. as ways is discovering the path. >> let's take a break. we will be right back. ♪ >> you grew up in berkeley. what did your parents do? >> both parents are lawyers. that led to because the legal profession is the one that people most often leave when you look at the actuarial charts. people asked me what i wanted to be when i grew up and the answer was not a lawyer. i kind of got the independence bug a little early. i was going to a school that was on the berkeley open border. a friend of mine said i am going to a school called the putney school. i could go and the independent and explore my own life so i applied for and got into the putney school without either of my parents knowing. it was the independent streak which i encountered a little early. >> did you fit into one of the boxes anywhere? >> i was a pretty strange individualist. i usually would have one

the incumbents make it more difficult for challengers to come in the read but what entrepreneurship iss the people that challenge the system. i have something i want to offer that is not offered yet already. that is how we create the future. that is how we invent new products and services. how do we -- in the u.s. we are very fortunate in with -- in that we are one of the best societies for entrepreneurs. i think we can still do better. the question is how do we enable them? it is good everywhere in the world. to create new industries, jobs, product and services. i have been digging a lot about -- digging a lot about how we can do that. >> what has that thinking led you to? >> unsurprisingly, a lot of what the magic of silicon valley is is the network. if there is a network by which whocan find other people know experts, employees, financing, the speed at which you can -- a start up company has to have resources to be there. the speed with which you can missable that is the strength of the network. how can we strengthen networks? is there something we can do in detroit or new orleans?

so the other thing i want to talk to you is you wrote a book about entrepreneurship. >> uh-huh. >> rose: i don't know if there is anything else to say about it but it is alive and well. >> yes. >> rose: and everybody wants to be one. they read about you or they read about so many other people. >> so one of the things -- so i have been thinking about get more and more involved on the civic dedimension, because what happened this natural systems, big companies, governments is they tend to harden the system against challengers, the incumbents tend to make it more difficult for challengers to come the and yet what entrepreneurship is are the people who challenge the system, they are the people who say i have got a new product, a new service, a new idea i have something i want to offer that isn't offer you haved yet already, but that is how we create the future, right? that is how we invent new product and services so part of the thing is, how do we -- and in the u.s. we are very fortunate in that we are one of the best societies for entrepreneurs, you know, anywhere in the world, but i thin

democrats should be funding programs that teach the basics of business and entrepreneurship.he african-american community has entrepreneurship as a big part of our community structure, that's when we did well. i think what the response should be by democrats is a policy response. while they're willing to try to advance these vary various programs that are geared for partisan purposes, we need to be responding with programs that can uplift people and address the real issues in the community. >> indeed. the indispensable tara dowdell, one of my favorite people to talk to on any subject. thank you very much. appreciate it. >>> all right. moments ago, members of the senate blocked a bill aimed at reversing the supreme court's hobby lobby decision. the democratic sponsored effort protect women's health from corporate interference act was nicknamed the "not my boss' business" act. the final vote was 63-43. let's listen in. >> the blocking debate on the bill i've been privileged to carry along shows our republican colleagues aren't serious about addressing the devastating effect tha

they said changing the dna of government may be an uphill body but says the entrepreneurship in residencegram is a first crucial step. >> it's not going to happen overnight. this is a process, but i think by opening ourselves up, by opening government, by sharing data, by opening up our processes, by saying, hey. we need help on solving this, we can make this a much more collaborative effort rather than government knows best and we can is solve these challenges. ♪ >> all right. here we go. tomorrow, the new worldcup champions will be crowned in brazil. soccer giants arrangentina and germany will faceoff sunday at rio de janeiro where official are beefing up security security. german players arriving last night sinaling autographs and posing for pictures with fans. this will actually be the third time argentina and germany have met in the world cup finals. but before the big game, a decidedly anticontest t 2-nothing in the first half. the two sides. brazilian fans heart broken after last week's trouncing by german and conconflicted about who to root 4 in tomorrow's final. the worldcup orga

okay. >> i love our spirit of entrepreneurship.e to silicon valley to silicon alley in new york, and milennials say they plant to be their own boss one day. >> i did not know that. >> really cool. >> i started a couple companies some have been fantastic. some haven't worked well. there a chance to be what you are. >> i want to tag on to that. i'm on my third career. each time this, country afforded me the opportunity to start back up again. it's great to reflect on mazing opportunities that america affords. july, everyone. >> america's ordinary people and thousands of examples of their courage that serve as the bench mark of our lives we expect the heroism of soldiers at battle, courage of police officers and firefighters and first responders in horrific event after event. but i believe the courage and heroism of the seemingly unprepared who are thrust into catastrophic situations and who time, and again, stun us with image nif sense of their actions. the essence of america is it's peoples' willingness to die to preserve her freedo

as they learn about entrepreneurship, civic leadership and public engagement.live coverage at about 11:10 a.m., just a few minutes away. >> and after more than about six weeks of talks, house and senate hoosiers have the greed on a compromise plan to fix veterans health programs at the chairman of the house and senate veterans affairs committees have scheduled a news cards today to unveil the plan. live coverage at 1:30 p.m. eastern time. the house and senate both in today for legislative work at 2:00 eastern. the house working on 16 bills under suspension of the rules including one deal with airfare fees and one sanctions against north korea. the senate will vote this afternoon on a number of nominations and later this week highway funding to get to watch live coverage of that senate debate here in c-span2, and the house over on c-span. >> on "the communicators" tonight, two members of congress talk about their technology legislation. >> we crafted and visited this. under 702 of the hot, you can collect data and you now know from the stoughton disclosures that

defense secretary chuck hagel gives an update on iraq, and the of kickstarter talks about entrepreneurship. on the next washington journal, daniel stein of the federation for american immigration reform and benjamin johnson of the american immigration counsel discuss whether immigration to the u.s. hurts or helps the country. after that, charles murray of the american enterprise institute looks at american exceptionalism, plus your phone calls, facebook comments and tweets. washington journal is live at 7:00 a.m. eastern on c-span. >> my first reaction was surprise, because i had worked for mr. sterling. i coach the clippers in 2000. he invited me to his daughter's wedding. i had no idea exactly what was going on. i also, because of my association, i know what he was complaining about. i was confused, not knowing exactly which set of

an example of detroit-style entrepreneurship.cue joint, started by these two, michelle and greg. >> i'm gritty greg. >> on the menu, absolutely delicious straight from the grill ribs and rib tips. but the really good stuff is inside. superb smoked pork loaded collards and mac and the cheese. >> thank you so much. this is perfect. >> it's good. >> i'm going to use a spoon here. >> unbelievably good. >> what, the mac? >> the greens are incredible. >> oh, those are good. >> the greens, is that like smoked ham hock? >> i can't tell you my secret. >> i'll tell you this is some of the best greens i ever had, no doubt about it. >> this dude's been everywhere. >> come on. >> i've been all over the south, i've had a lot of greens, and those are some -- they're not just delicious, they're luxurious. big hunks of you won't tell me what in there. >> i can't give my secret. >> will this kind of entrepreneurship lead detroit out of its sink hole? probably not. >> i can't believe there's not a line of cars around the corner. that was good. >> b

we don't teach, like, history of entrepreneurship. we teach future. we have them read science fiction and predictive analytics and do forecasting, and then we have -- survival training course. it's a very different thing from anything else you have seen out there. so, it is very unique, and how well it's worked. it was a bold experiment in education, and i felt it was worth it to try leading by example, and it's great. stanford is coming down and doing as much as they can to operate -- create the kinds of activities we have at the university. usc is coming up, the president of the usc business school came up and they're trying to -- and i think that great. that's what we're set up for. and there is -- an incubator, an accelerator, a little bit of a flow from the students to the incubator, but they don't all go for that. they go to become heroes. >> jim, i think you have good compelling arguments for us californians but if this goes to the vote of the other 49 states, is there something in it for them? >> that's where i think it will be a partisan issu

yeah, i do celebrate those people. >> entrepreneurship.ah palin out for a long time. on impeachment, our poll found 35% of people, only 35% of people, support it. the vast majority think it's a crazy idea. 35% is still a lot of people. there are people out there who support what she says. >> it's enough people to completely derail the republican's chances. i was around for -- when the republicans successfully impeached bill clinton in 1998 which, what did it do, it led to the biggest defeat for an opposition party in the six-term mid-term election since the civil war. i would say thank you, sarah pal palin, bring it on. >> that's why democrats are out there talking about it, fund-raising off it. more certainly than most elected republicans in either chamber of commerce right now. great to have you. been fun having you. >> thank you. >>> ahead "at this hour," sorry, i should have warned you about that squeal of excitement. just too much excitement for this poor pooch to take. the viral video of the dog that, well, kind of had an odd reactio

milleniallk to one who is part of the growing entrepreneurship. get more on why they are going their own way right here on "surveillance." ♪ >> this is "bloomberg surveillance." with tomlet fu here keene and adam johnson. let's get you company news now from the files of "bloomberg west." apple agrees to pay $450 million to settle rice fixing charges according to a court filing. the company was headed for trial in the antitrust case. prosecutors say apple conspired with prosecutors to raise e-book prices. the money will go back to customers. a major security breach may be hurting ebay. the company's third quarter outlook fell short of analysts' estimates. the company also says it lost traffic because of a change in search software. and airbnb is rebranding itself with a new logo to go with it, but the image has sparked internet buzz. new logo ishe sexually suggestive. companythis morning's notably files of "bloomberg west." >> here is the surge in american oil, west texas intermediate, this is the taliban attack i'm presuming in afghanistan, you ca

however, we live in a country where people worship entrepreneurship, love market-based solutions.bout what this guy has done is he has created a solution that does not require really much in the way of anything from washington. all they've gotta do is stay out of the way. stay out of the way and let him provoke the war between investors, between capital and the people who are abusing the capital. and i think he'll win. and i think he thinks he's going to win. so this may be be the way forward. and if you do this, the if he succeeds, i think so much is at stake. if he succeeds and he has a huge, successful stock exchange and he's gotten rich and all the people who work for him, what happens next? venture capital pours in to do it again and again and again in different sectors of wall street. and then all you require really at that point is for the regulators or legislators not to get the way of -- in the way of successful entrepreneurship so customers can make informed decisions about what they're doing. and it's fixed. i mean, i think there's a path towards a market-based solution

>> i love our spirit of entrepreneurship. i know some peopleov are scaredo start businesses.licon valley silicon alley in new york. millenials, new study from entrepreneurship council, 80% of the millenials want want to be r own boss. they want to start their own companies. >> wow, i love that. >> some have been fantastic, some have not worked very well. in this country you have a second chance to be what you are. so much opportunity. >> i want to tag on to that because i'm on my third career. i've had some success. i had a lost failures. each time this country afforded meou opportunity to start all or again and build things up again. >> great to reflect all great opportunities america affords. happy 4th of july, everyone. >> it is america's ordinary people and the thousands of examples of their courage in moments of crisis that serve as the best mark of our lives. we expect the heroism of soldiers in battle, the courage of police officers, firefighters and all the first respond is in horrific event after event, but i believe it is the courage and heroism of the seemingly unp

this is about entrepreneurship and our women and our middle class initiatives for entrepreneurship, to create more employers, to create small businesses and that entrepreneurship, that innovation's connected to education and opportunity by the make it in america and the build america brings us all together. so today, with this action plan, we reassert the great truths of our country, of our history, and of our future. when the middle class succeeds, america succeeds. when families succeed, america succeeds. and when women succeed, america succeeds. thank you all. now i'm pleased to yield back to our distinguished chairman. >> thank you. we want you to have a choice. continue the shutdown, do-nothing politics, or move to jump start the middle class. come join us, america. let's jump start the middle class together. thank you all very much. [cheers and applause] >> leader pelosi! >> leader pelosi! >> leader pelosi! will you answer questions? [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2014] >> on the next washington journal,

. >> this is policy entrepreneurship or political entrepreneurship.seeing an opportunity in the market that's untaken which is demagoguing on the faa and he thinks that is going to distinguish him as he's the kind of guy that stands up for israel and help him with a certain part of the base, not just donors but voters as well. >> i mean, you have to remember a lot of evangelical christians, conservative evangelicals. there's a lot of socially conservative evangelical republican voters who care a lot about this issue. and if they can see ted cruz coming out on fox news and saying i am 100% behind israel, the faa needs to think about this decision, this is a political conspiracy. when they see that happening, a lot of conservative voters are going to say, hey, this cruz guy is better than i thought. >> they had the christians united for israel events, that are very, very pro-israel. this is an image, we have this, of rand paul praying with them. this is -- there he is. he's praying with the folks. and he realizes that he's got weakness here. i mean, he'

we would have a lot more entrepreneurship happening here. it would help with the deficit. people would be paying fines and taxes. it would send a great signal around the world, off good idea, smart, innovative, come to the united states. now we're sending an intolerant signal. >> charlie: not only is it what america is stand for and because of the contributions immigrants made -- because people say it's illegal immigration that gets people at logger hloggerheads over policy. >> the law, fairkts business community, i haven't met a person yet who disagrees. >> charlie: you have faith and business community on the side of immigration reform and you're saying it's held hostage by the tea party? >> yes. >> charlie: does the business community have no influence on the tea party? is that the nature of the tea party? >> well, i think you're seeing what you might very main street republicans, business republicans -- the truth is we need a functioning republican party. you saw the op-ed with bill gates and warre warren buffett t immigration. the republicans have no chance of winning

however, we live in a country where people worship a entrepreneurship, love market based solutions.t is so clever about what this guy has done is he has created a solution that does not require much in the way of anything from washington. all they got to do is stay out of the way and let him provoke a war between investors, between capital and the people abusing the capital. i think he will win and i think he thinks he is going to win. this may lay the way forward and give you do this -- if he succeeds i think so much is at stake. if he succeeds and he has a huge, successful stock exchange and he has gotten rich and all the people who work for him all of whom are young and entrepreneur real, venture-capital pours in again and again in different sectors of wall street and all you require at that point is for the regulators or legislators not to get in the way of successful entrepreneurship and introduce more transparency to the marketplace so customers can make informed decisions about what they are doing and it is fixed. there is a path towards a market-based solution that has opene

for instance, we never talk about promoting entrepreneurship among them. i have a man kurt moore in milwaukee who spent 13 years in federal prison. he got out and came to this and started a business washing cars. now he has 15 employees, and there are other people like that. so we should provide incentives for job creation among this as a way of an innovative. the point paul is making is it's just an open gambit, and the beginning of a dialogue. we're going to meet with 50 to 11 hundr1 11 -- 100 of our grassroots leaders throughout the country and look at this proposal. these are the people in the trenches, the poverty warriors. we had need to find out from them and give them a seat at the table and paul ryan has done that. they have never been at the table. there are academics and others that study this issue, but not the people on the ground. >> we're going to take a short break. when we come back, we talk about the other things that are in the ryan plan. it's not just about pushing programs down to the states. there's some other policy proposals in ther

infrastructure, the charter school system, entrepreneurship, and business development.has been ranked as not only one of the top places in the country to visit, one of the top places to start a business, but now one of the best basis to raise a family. that's one thing i am most proud of. we created an environment there with the schools, the thes, the playground, public programs, that new orleans is a great lace to raise a family and a great place to live. >> and a great place to eat. no one wants to see you stop playing. lifeare your plans for after football? do you ever think about drew brees the brand? felt very well. do you ever think of the brand? let's all i think about is the season and playing football as as i can. i will worry about after football after football. but that was new orleans saint quarterback drew. coming up, she went from working at s&p capital to gracing the pages of vogue. ♪ >> i don't know what i would do without her. but it's really emotional for me. , to be able lucky to be a mom. >> facebook revenue surged. faith but investor joining us now

the government has created a cost -- culture that is hostile to businesses, entrepreneurship.ing america did a series on small businesses that face hurdle after hurdle -- things like an awning tax for a restaurant. we saw a non-profit wanted to put goats in to control weeds and the city clamped down on them. it is outrageous. they have to create an environment for entrepreneurship. >> but that is exactly what the governor and the city are trying to do together, so help me understand how you can commend the governor for what they are doing, but at the same time detroit.d the state of point earlier. we have seen the population go from 1.8 million 200 700,000 -- --to understand hundred thousand. cost of living is low. crime is still very low. we do not see the culture in the leadership, city leadership changing. a council member was arrested earlier this year for drugs in his car, and another was arrested for drunk driving. power a mayor that has no and has 30 employees making over six figures. government.xpanding million just gave a 285 dollar tax break to a billionaire family f

entrepreneurship, their creativity in stealing the moonshot -- provide they are already in the businessmple of maybe the creative process needs to be more aligned with those companies that are delivering content to mobile consumers. just as an aside, where does news come from these days? facebookm linkedin and -- >> that's right. we are using our phones more in many ways before we use the television or the newspaper. or anywhere else to get our news. >> so i think this is changing our definition of what a company is. it is not just about we are in the period where conglomerates do not work and there is disaggregation. what is the core mission? , it something is digital can tell stories, provide communication. nations doclassic not apply anymore. >> i have to ask you this. i want to put this in context. taglineou to answer the that is always put on the , which isarner merger that it was the worst deal in history. how do you feel about that, that it was a legacy that you are a key player in? >> the way i would answer that, betty, is that ultimately with the crash of the market and unfortu

entrepreneurship and business development within the community.anked many times as not only one of the top places in the country to visit, what are the top places a start a business, also to raise a family. that is the thing that is the most important than most proud of. we have created environment there with the schools, parks, playgrounds, the public programs. new orleans is a great place to raise a family and live. >> great food. no doubt about that. >> is no question. see you stop to playing. you are a wonderful player to watch. what are your plans for life after football? do you think about drew brees the brand? your jersey sales really well. it is among the top-selling brands. you ever think about drew brees the brand? >> all i'm thinking about right now is the season. i want to play football as long as i can. as long as i can be healthy. i want to play in a high level and have fun. i am going to play this game. i will worry about after football after football. >> that is drew brees. coming up next, julie macklowe went from working in financ

all are bad alert -- better than what government has offered because the entrepreneurship from individualsromise more choices. we will have more and more of that if government would just get out of our way. that is the show for tonight see you next week. ♪ ♪ gerri: we're heating up. we're helping students, parents, grandparents finance a college education. everything from appealing subpar aid packages to digging up free money. first we'll help youg get the bang for your college bucks with cal cheney, president of campus consultants. author of the book, "paying for college without going broke." thank you for coming on the show. always nice to have you o here. this is the time of year when mom and dad, get your acceptance letter,t money, how much money they're willing to give you. what should people think about in terms of affordability? what can c families afford? how do you d

is not necessarily -- it is a very state centered economy and not necessarily responsive to entrepreneurshipnd innovation? >> we have some adjustments to undergo. i think we must see the future and the change as an opportunity. we need to change our philosophy. fancy aboute more ourselves. we need to have more self-esteem. it is something i learned. we have great entrepreneurs even in france. we have great talents. we need to be more proud about that. we need to focus on the promotion of these people because they are the gold mine of our economy and our society for the future. we need to work on things that are not all right which exists as every other country, but we need to do more to regain our self. >> what is your plan to do more? >> we have many small businesses. they don't succeed to grow and expand in france. usually, they go and seek equity in other places. we need to find the way to build a strong venture capital industry. thateated new instruments companies can find the means to finance the growth. we worked on the spirit also. i was mentioning that we should fail and try again an

finally, it is the golden age of argument or ship -- entrepreneurship.uld not occur in the 2000s. we are living in the beginning of an epic decade. i think all these well-known people, as well as people like theyd cleveland clinic, really understand that the entrepreneurs that are imagining or reimagining are the ones to get behind. aretartup health -- if you bringing together that academy you described plus the pencil -- the potential mentors, where do you come in? >> we have a stake in this company anywhere from 2% to 10%. we make money when we build the business. >> you invest in the companies? >> we have a stake in the company through the development of this program which last three years. we support them for the first three years of the business where fund raising and capitalization and customer development come into play. >> those are the 71 companies in.yoyou have a take the you match them with individuals or existing companies for joint ventures? >> that is where the network comes in. if it is a big network like ge or a small one, our whole appro

again increasing entrepreneurship, i don't think so. ending too big to fail?we have had this debate before. we had it yesterday, we had today and we will have it tomorrow. dodd-frank codified it too fell into law. it's demonstrable four years later that the big banks have gotten bigger in the small banks have gotten fewer. financial stability i suppose that's a debatable proposition. financial stability is now defined by the unelected and unaccountable bureaucrats. i don't know if increased increased concentration in our larger financial institutions whether one can say we have achieved financial stability. but what i do know is that comes at incredible cost thanks to dodd-frank. it's harder for a low and moderate-income americans to buy a home. again thanks to dodd-frank there are fewer community banks serving the needs of small businesses and families. thanks to dodd-frank main street businesses and farmers face higher costs in producing their products which is impacting every single american at their kitchen table. thanks to dodd-frank's vocal rule our capi

innovation and entrepreneurship are in both of our dna, and they not only make us natural partners, they give us natural advantages in a world that demands adaptability and resilience. the united states and india cannot afford to just sort of sit back and rest on these currently existing advantages. we have to build on them, and we have to build on them by investing more in one another. now, unlike some other nations, the united states cannot direct a private corporation to go invest in a particular country. president obama can't order businesses to build factories in calcutta. it just doesn't happen. but we know this from several hundred years of experience. if india's government delivers on its plans to support greater space for private initiative, if it creates greater openness for capital flows, if it limits subsidies that stifle competition, if it provides strong intellectual property rights, believe me even more american companies will come to india. they may even race to india. and with a clear and ambitious agenda, we can absolutely help create those conditions. so as we work wit