we talk about stamford being behind companies pd think m.i.t.at a disadvantage because they are not at the heart of the venture capital business. mr. reif: they're not at a disadvantage, they are on different things. up onf our andra news and the west coast. you mentioned 50,000 plus companies by m.i.t. of alumni. .0% are in massachusetts 20% are in california. they go where they can make their company successful. i will not say m.i.t. is at a disadvantage. i will say the nation at a whole is at a disadvantage. the innovation we have in this country is huge, but not all of it is reaching the marketplace to benefit society. i'm trying to find to the system . it is not bad, it is perfect -- we need the googles, yahoo!s, and facebook. we need different types of companies. emily: how do you fine-tune that process when a lot of the ideas you are working on, which are potentially revolutionary, but might take 20 years before they are real? we aref: that is what doing. the most important thing we need is patient capital. investorsmodern-day that are mo

some would point to stamford as being the father of google, whereas mark zuckerberg dropped out of harvardto silicon valley with facebook. how do you keep that from happening again? prof. doyle: as educators, our mission is to educate the students. to bring them through to fruition to the degree they are training for. that is our mission, that is our primary objective. along the way, things happen. kids get ideas. they take them and run with them. we are not trying to create lots of short-circuits and ways to drop out early, but rather focus on the complete package. what it means to get the harvard degree, complete the training, and use that to springboard into successful endeavors. >> the dropouts, i think those are exceptional people so i tend not to get obsessed with them. that is not the mass of students that we are educating. do you think that there is room for online to supplement these things? do you have a view on the online schools? do you think that is a way to widen the aperture of the harvard experience? prof. doyle: i think it is. certainly with harvard x we have been doing a

stamford research park was only a couple of years old when we open it had rtp but there was a deliberate and conscious sort of agreement that was structured where the government would fund infrastructure and education. the private sector would lead the foundation. we always operated for private and not for profit. public mission to serve education and create meaningful work and lift up the people of north carolina. that's our job. and then there were the universities who were basically instructed to, you know, educate a workforce. and what we are seeing today and i think this is -- i think this is where the creative energy and i think it is more e anything etic than anything else. it is shifting away from that top down or more directed approach. i think we are begin to go see that in rtp itself. we don't have a starbucks in rp rpt. but we were not designed to be that way and so this interesting idea of how much do we fight plan and how structured become and in many ways the most exciting things is opening it up for wild interpretation and letting the actors create their own play and that

when you look at schools like stamford, are you late in the game?g is putting together a comprehensive program . if you look at the chicago ecosystem we are helping to accelerate an emerging ecosystem that is becoming vibrant. from our perspective, the opportunity we have and the rich tradition we have of the combined focus around innovation and entrepreneurship started at booth and the polls e center led to a new challenge which is a 20-year-old challenge which is a top-ranked accelerator. connecting it to other aspects of the university and the national labs including oregon and formulae of, allows us -- ormulab,g argon and f allows us to put in a position where we look at best practices and build from the ground up at a time when the chicago ecosystem is being formed. we want to contribute and have a focus around this common systematic approach to looking at how we build businesses emerging from the university of chicago and the chicago ecosystem in general. david: will you be an incubator? is that what you will be doing? will you be angel invest

we will have many of them, most of those in rio and back at nbc sports in stamford, connecticut.me think much the world has changed. this is a live olympics, and if you go back to the last live olympics come to what i mean by that is its close to an east coast time zone, the events come from europe or asia. if you look at that would be atlanta. in 1996 the atlanta olympics, there were 172 hours, and it was on one network, nbc. if you look at rio, here's what we're going to offer, 11 networks, 40 simultaneous streams, more than 6000 hours. every single event will be streamed live. every medal, every event. it's kind of breathtaking when you think about all that production in 17 days. we will have more live coverage on day one in rio than the entire atlanta olympics. put another way, if you have 24 hours a day to watch with seven days a week, it would take you 250 days to watch all this content. or if you went back to 2008 and watched every regular-season nfl game, you would have 6000 hours. so since that is impossible, is this a problem or an opportunity? and some people just want

a couple years ago bridgewater wanted to move to stamford and the project was scuttled.ridgewater may not stay in the state if we can't figure out a way to make it more beneficial to themselves. they will make renovations and stay. >> it's more about the traders and jobs. >> when it comes to a policy perspective, there's all the talk you've got to broaden a base. when you're a state highly reliant on the state, the rich can move and by the way, the income. rich is highly volatile. >> yeah. >> capital gains, et cetera. california has very, very bumpy revenue because they rely on capital gains. >> and the most mobile. >> and it's the same with film production and lots of other industries. >> exactly. >> that can get state subsidies if they shop around so connecticut is trying to stay competitive and i think they are saying darn the optics right now. >> we need the money. >> thanks, guys, laid and gentleman, coming up next, why investors are loving dollar deals, work uniforms and perfume? a look at today's all-time high club when "power lunch" returns. the call just came in

in stamford, connecticut. caller: i never voted before. i am an american, new yorker. my husband and i just moved back to the united states. we have been in england where socialism and the muslim takeover is ripe. for the people who have concern, they are correct in the united states. we have no rights as christians in europe. muslims wasg of completely out of control. gated --and they fled floodgated europe because they wanted to have votes for the labor party, similar to what the democrats did in the united states. when we came back, we were in california. we never even thought about it. but the issue of immigration was huge. we were shocked at how many illegal immigrants were in the united states in southern california. then we came across country and are back in the northeast. long story short. the people of the united states are craving for somebody who represents the america i love and have always believed in. it does not make a difference of your create or background. it is a person that left this country. -- it is a person that loves this country. it should sta

of what is called the great works and every student in stamford to pass through with the baccalaureate degree. and then we read shakespeare of play that was a pleasure to teach and i was dealing with students between the ages of 80 and 22 and then rather naturally to the place that they do indeed deeply dysfunctional family in particular and call of those relationships at the end of my time and at stanford ironically i was invited to participate in this seminar to people from not-for-profit organizations including the number of chief executives in california and beyond. with the organization but as the co someone's whose personality to be the king of his kingdom even though that is a background consideration that is fascinating to follow them that one of those profound dimensions that for most of the day spending time giving people orders and is that a complete loss how to live with others and then essentially on the abandonment of that persona but then he cannot. as he does lodge's himself from that context he finds himself know where in the sea and i am a fool in your nothing in thos