what's a company supposed to do? . johnthat maze and you never know what's going to happen. jonathan, thank you. coming up i'll give away $1,500. also how government's maze prevents me from protecting myself against people who want to kill me. and more on it on the government's more on jobs. you are looking at two airplane fuel gauges. can you spot the difference? no? you can't see that? alright, let's take a look. the one on the right just used 1% less fuel than the one on the left. now, to an airline a 1% difference could save enough fuel to power hundreds of flights around the world. hey, look at that. pyramids. so you see, two things that are exactly the same have never been more different. ge software. get connected. get insights. get optimized. john: politicians always say they want people to work, and then when people want to work, they force them to try to run through the maze. for example look at what happened to celeste kelly. >> arizona is threatening her with thousands of dollars of fine and jail time. . john: w

what's a company supposed to do? . john in that maze and you never know what's going to happen. jonathan, thank you. coming up i'll give away $1,500. also how government's maze prevents me from protecting myself against people who want to kill me. and more on it on the government's more on jobs. [announcer:] what if one stalk of broccoli could protect you from cancer? what if one push up could prevent heart disease? [man grunts] one wishful thinking, right? but there is one step you can take to help prevent another serious disease- pneumococcal pneumonia. one dose of the prevnar 13® vaccine can help protect you ... from pneumococcal pneumonia, an illness that can cause coughing, chest pain difficulty breathing and may even put you in the hospital. prevnar 13 ® is used in adults 50 and older to help prevent infections from 13 strains of the bacteria that cause pneumococcal pneumonia. you should not receive prevnar 13 ® if you've had a severe allergic reaction to the vaccine or its ingredients if you have a weakened immune sy

what's a company supposed to do? . john's stuck in that maze and you never know what's going to happen. jonathan, thank you. coming up i'll give away $1,500. also how government's maze prevents me from protecting myself against people who want to kill me. and more on it on the government's more on jobs. ♪ i built my business with passion. but i keep it growing by making every dollar count. that's why i have the spark cash card from capital one. i earn unlimited 2% cash back on everything i buy for my studio. ♪ and that unlimited 2% cash back from spark means thousands of dollars each year going back into my business... that's huge for my bottom line. what's in your wallet? john: politicians always say they want people to work, and then when people want to work, they force them to try to run through the maze. for example look at what happened to celeste kelly. >> arizona is threatening her with thousands of dollars of fine and jail time. . john: why would anyone massage horses? because it's apparently good for the horses mus

what did you want to be when you grew up? johni never thought about anything about what i wanted to be. i mean, i just thought that -- everybody at the time, by the way, because of the war and because of what happened historically to china and so forth -- everybody wants their kids to be scientists. that is the hong kong way, right? so everybody becomes an engineer or mathematicians or whatever. you know, doctors. just professionals, so you can have a good life. so i started off doing a lot of math. and i liked math. so i ended up studying engineering and have done reasonably well. emily: you went on to boarding school in massachusetts. john: yes. emily: how did that happen? one bedroom apartment, boarding school in massachusetts. john: yeah, by the time i was thinking of my education, the higher education, my family is already in kind of a middle income family. my father was able to, you know, study english at night and accumulated some wealth. he invested in the silk business. he said, have you thought about what you are going t

emily: how long do you plan to stay at the firm? john: i have no present plans to leave. y: but this is your baby. john: that may be a public perception, but that is not the reality, this is a partnership. emily: where do you see this firm in the next 10 years? john: a top three venture capital firm that his pioneering breakthrough, risky fields like augmented reality. that is even more diverse than we are today. backing the world's best entrepreneurs. emily: thank you both so much for joining us. it has been really great to have you. john: emily, thank you. ♪ >> i was told when i started that i could not be a director because i was a woman. and i have been directing now for many years. but certainly not as frequently as i would have had i been a man. >> i was going into meetings on projects with people as a featured director that would work with academy award nominated actors. so i should have been taken seriously in these meetings. but i wasn't. it was always a sense of, can you really do this? that a man could do it better. >> peowo

emily: how long do you plan to stay at the firm? john: i have no present plans to leave. but this is your baby. john: that may be a public perception, but it is not the reality, this is a partnership. emily: where do you see this firm in the next 10 years? john: a top three venture capital firm that is pioneering breakthrough, risky fields like augmented reality. that is even more diverse than we are today. and that's backing the world's best entrepreneurs. emily: thank you both so much for joining us. it has been really great to have you. john: emily, thank you. beth: thank you for having us. ♪ >> the top minds in business and government tackle the most pressing issues. and look at new ideas to the capital off the sidelines. the ramifications of u.s. energy independence. how critical is it to economic

emily: how long do you plan to stay at the firm? john: i have no present plans to leave. y: but this is your baby. john: that may be a public perception, but it is not the reality. the reality is that it is a partnership. emily: where do you see this firm in the next 10 years? john: a top three venture capital firm that is pioneering in breakthrough, risky fields like augmented reality. that is even more diverse than we are today. and that's backing the world's best entrepreneurs. emily: john doerr, beth seidenberg, thank you both so much for joining us. it has been really great to have you. john: emily, thank you. beth: thank you for having us. ♪ ♪ >> turning ideas into action, the clinton global initiative has a goal of finding solutions to economic problems and establishing commitments that improve lives. on this bloomberg television special, we take you to the cgi meeting in denver, colorado, where a discussion of the nations growing wealth gap featured the housing and urban development secretary. >> we want folks to have a comfortable, decent, safe place. >> a panel o

emily: how long do you plan to stay at the firm? john: i have no present plans to leave. but this is your baby. john: that may be a public perception, but it is not the reality. the reality is that it is a partnership. emily: where do you see this firm in the next 10 years? john: a top three venture capital firm that is pioneering in breakthrough, risky fields like augmented reality. that is even more diverse than we are today. and that's backing the world's best entrepreneurs. emily: john doerr, beth seidenberg, thank you both so much for joining us. it has been really great to have you. john: emily, thank you. beth: thank you for having us. ♪ ♪ betty: he is the country boy millionaire of dish network, charlie ergen. and he is looking to emerge with that guy, the t-mobile ceo john ledger. but the famously tough boss faces questions about his management style. charlie: we have high expectations, and for somebody who is not used to high expectations, you're going to be in trouble.

emily: how long do you plan to stay at the firm? john: i have no present plans to leave. ily: but this is your baby. john: that may be a public perception, but it is not the reality. the reality is that it is a partnership. emily: where do you see this firm in the next 10 years? john: a top three venture capital firm that is pioneering in breakthrough, risky fields like augmented reality. that is even more diverse than we are today. and that's backing the world's best entrepreneurs. emily: john doerr, beth seidenberg, thank you both so much for joining us. it has been really great to have you. john: emily, thank you. beth: thank you for having us. ♪ >> "brilliant ideas," powered by hyundai motor. narrator: the contemporary art world is vibrant and booming as never before. it's a 21st century phenomenon, a global industry in its own right. "brilliant ideas" looks at the artists at the heart of this, artists with a unique power to inspire, astonish, provoke, and shock. to push boundaries, ask new questions, and see the world afresh. in this episode

emily: why didn't you try harder to settle? john: i always believed that this matter should be settled outside the courts. from the beginning. it just wasn't possible. emily: she is proceeding with an she is asking for $2.7 million to walk away. why not just pay her and be done with it? john: if it were that easy, it would have been done. i will just tell you. it is not possible. beth: we have tried. emily: how hard did you try? beth: very hard. there are notils really what matters. we tried really hard and it is not possible at this time. emily: do you feel if you pay her $2.7 million it is an admission of guilt? john: i'm sorry this happened to ellen, that it happened to us. that it happened to the tech industry. this is not a question of guilt. this is a civil case, the question is liability. emily: is it an admission of liability? john: the jury found that we are not liable after 5.5 weeks of testimony, so, no, it's not. look, emily, i'm sad that anyone has a bad experience at our firm. and ellen did. but we are moving forward a

haven't wanted to know. john: larry? is one of the greatest heroes of the last century. he spent ten years in the gulag, the soviet prison system. and had the courage to smuggle out much of his -- many of his writings, and continued to his dying day, in later years, defending individual liberty, and i think he was a great hero. john: kevin? >> howard fuller. he was superintendent of schools in milwaukee in the early 90s, and because of him we have school choice. he took a stand as an african-american superintendent and said this government of schools that i'm running aren't working for kids. >> and school choice began in milwaukee but it didn't take off. why not? >> it didn't take off because the government endities, particularly the teachers' union are powerful enemies but the people are beginning to respond because a bad product can't sustain itself overtime. john: all right, audience? you have questions for my guests? who's first. >> mr. reed, do you believe that communism and those in the repressive regimes why peopl

then i have to wait weeks than a fire extinguisher. john to open in a legally it would take 65 days the yet government keeps adding wrote -- rules i say this is why job growth is so slow. fewer people even try to start a business today because you don't know if you break the rules this isn't 175,000 pages of the regulations on the books today the university of virginia law professor says regulations are good. the manhattan institute agrees with me. you have to read mitt this deters people from opening a business? >> we'd want people to sell toys in lemonade so we need to identify the rules to lead to positive consequences to affect every major rule goes through a cost-benefit process to make sure the benefits outweigh that cost. >> first of all people will kill their customers? i suspect he will block poison his customers if they ate make them said he will not last very long and he is out of business or in jail. >> belle glade you have all of these rules and piles of paper how to keep that straight? >> sell the of these need to be undertake

john: also because prosecutors want to look tough on crime. >> big bad john. john: innocent people go to jail. >> they lie saying that all this evidence. john: some cops bully people into confessing crimes they didn't commit. >> the system failed us. john: their friends try to help them. >> it's over. >> i'm never getting out of here. john: and sometime they succeed. >> i'm now a free mess. john: the legal mess. that's our show tonight. [ applause ] . john: our legal system is a mess. every single lawyer's due takes forever, and the guilty get away with it. but at the same time lots of people are locked up for things they didn't do. we know that now because dna evidence is more available. these innocent people were jailed. >> i was wrongfully convicted of a murder and rape of my friend, and i spent almost 20 years in prison nar crime. >> i spent 11 years and 3 months in prison. >> 20 years, 9 months and 5 days in prison for a crime i didn't commit. john: how does that happen? tim lynch runs the project on criminal justice for the cato institute. the system is

john: innocent people go to jail. >> they lie sayingll this evidence. john: some cops bully people into confessing crimes they didn't commit. >> the system failed us. john: their friends try to help them. >> it's over. >> i'm never getting out of here. john: and sometime they succeed. >> i'm now a free mess. john: the legal mess. that's our show tonight. [ applause ] . john: our legal system is a mess. every single lawyer's due takes forever, and the guilty get away with it. but at the same time lots of people are locked up for things they didn't do. we know that now because dna evidence is more available. these innocent people were jailed. >> i was wrongfully convicted of a murder and rape of my friend, and i spent almost 20 years in prison nar crime. >> i spent 11 years and 3 months in prison. >> 20 years 9 months and 5 days in prison for a crime i didn't commit. john: how does that happen? tim lynch runs the project on criminal justice for the cato institute. the system is not as accurate as people think it is? >> it's not. our system is badly flawed.

more than $2,000 to every family in america -- can. john was his research before obama. >> exactly. intellectually honest economist. if you're poor and you can reduce your costs, your life is better. capitalism, when allowed to do so, always reduces costs, increases quality and creates more diversity which is why we need to allow walmart and other companies to give more poor people more access to better goods and services for lower prices. john: all right. they and we can buy stuff save money, buy it for less. but when they're paying $9 an hour and they voluntarily raised it above minimum wage because it's good pr for them, and it helps them keep good workers and it's how the market should work but people say $9 that's good middle -- that guts good middle class jobs. people can't live on that. in fact a lot of walmart workers are getting government subsidies. >> it's not walmart's fault. walmart is part of a globalization movement. millions of jobs are moving around the world. it is going to be tough with or without walmart when we see more

john: also because prosecutors want to look tough on crime. >> big bad john. john: innocent people go to jail. >> they lie saying that all this evidence. john: some cops bully people into confessing crimes they didn't commit. >> the system failed us. john: their friends try to help them. >> it's over. >> i'm never getting out of here. john: and sometime they succeed. >> i'm now a free mess. john: the legal mess. that's our show tonight. [ applause ] . john: our legal system is a mess. every single lawyer's due takes forever, and the guilty get away with it. but at the same time lots of people are locked up for things they didn't do. we know that now because dna evidence is more available. these innocent people were jailed. >> i was wrongfully convicted of a murder and rape of my friend, and i spent almost 20 years in prison nar crime. >> i spent 11 years and 3 months in prison. >> 20 years 9 months and 5 days in prison for a crime i didn't commit. john: how does that happen? tim lynch runs the project on criminal justice for the cato institute. the system is n

to thousand jobs would be generated. john: they want to bring in more life-saving wheels direct more carbon pollution rather than us as a united states to say no this time. john: they used to say not in my backyard or nimby now it is nowhere anywhere with projects like yours i think there would want to build something say don't come to america. >> they say that already. >> they get their way. keystone and the pebble mine have stopped to mickey shot before resources or development or anything to develop a life just shot up to go back into living the way we thank you should. we don't want anything to happen to our home. john: half the people come here and pay to see that the some people call it a crime against nature. is 797 percent of scientists disagree. >> carbon could cost as the planet. looked out the window. it is a hot day. how shallow is that? >> the debate is settled 97% >> 97%. >> 97% agree. >> calling of climate change and higher. >> 97 percent agreed that global warming is real and people have something to do with i

or roughly the time it takes to drive to cincinnati. >> john: i'm going to try it ready? for it. >> john: tuivailala. >> matt: close. >> john: i knew i wouldn't get it totally right. >> matt: tuivailala. got me tongue tied. to seconds kozma takes over at second base he will bat fourth and jung ho kang to lead off. >> john: he certainly got his pirates back into it with a double he turned into a triple last time up after reynolds hit the home run to go ahead. >> matt: sam tuivailala making his fourth appearance of the year, been up and down a couple of times from triple-a. sean rodriguez waits next. a terrific play to end the previous half inning. kang's swinging for the downs. >> john: good adjustment on the slider right there. first one backed up for a ball, comes right back and makes the turn on that one. >> matt: there is not a lot left on the bucs' bench. in fact, no position players at all. >> john: these are the games i dreamed of as a pitcher. starting pitcher nothing to lose only a chance to be a hero. pinch-hit or something, play center field. came oh so close to

john: you do not want to kick off hamilton? >> now or we would have said women on 10. because he was a slaveholder and president and the supreme court said he could not kick them indians off their land but he did that anyway and many died. we want to punish him but the treasury said readjusted the bill we are slow and we are government side they had already started work on the $10 bill they took their cue from a committee that said this currency needs to be redesigned for security reasons. john: id - - i feel bad about hamilton he was a courageous soldier with the constitution to be passed it in his spare time he founded the the york post and was also a remarkable human being to stop the mob when it threatened to harm and a large british loyalist he was an orphan import immigrant and the american success story. we would ask viewers what you thought. >> what took so long? >> as sole woman i disagree why fix something that isn't broken? political correctness? >> probably. >> why? his face is there for a reason did he do something to make jam on were the? my producer would

if you can't afford your medication, astrazeneca may be able to help. johns credit cards in the mail. you are qualified with low interest rates to make it sound great but if you don't pay your bill right away the interest can suck all your money away and people get in trouble and that is why crystal paine all the uses cash with the personal finance blogging money-saving mom.com never used a credit card? >> never in my entire life. people cannot believe that is possible. you use cashier and a debit card but i really like to use cash. john: if you via car you bring of a big pile of cash? >> repay for a car with a cashier's check the at the grocery store i use cash. john: you decided at age seven? >> my parents paid off their house and started to save heart and we've moved to the country we were in a little trailer and they built a house dash free so i saw the making sacrifices using their money and impacted me. they don't have stressed because they don't have that. john: you cannot recover a stolen. >> a lot of people use that argument but we don't bring $500

to see him. the equivalent of millions in today's currency. johney wanted to buy cheap books, read cheap books. >> they fell in love with him. at his desk, a significant portion of his estate came for that trip. it became literate in part because books were cheap. books being cheap helped us develop to be the world power that we are today. that came from the absence of copyright. john: thank you, chris sprigman. >>> coming up, who owns a joke? how do comedians deal with joke stealers? >>> and how do i deal with people who steal my brand? welcome to 20/20, i'm john stossel. >> i'm john stossel. super poligrip seals out more food particles. so your food won't get stuck and you can enjoy every single bite. eat loud, live loud, super poligrip. super poligrip holds your dentures tightly in place so you never have to hold back. laugh loud, live loud, super poligrip. are you moving forward fast enough? everywhere you look, it strategy is now business strategy. and a partnership with hp can help you accelerate down a path created by people, technology and

i never understood that until it happened to me. john: it is hard to b twenty-seven hours of interrogation is pretty awful. but i would still think -- i wouldn't say that i killed my child. >> what happens if they put you in a small room you have detectives yelling at you. saying that they know that you're guilty. people can withstand it for a few hours. but when the detectives get to take breaks and you don't and they send in another guy that scratch continue the interrogation for hours people began to break down and they will give an admission or confessed to the crime. that is such powerful evidence in court because the average person says why would anybody say that if they didn't do it? john: we do not have video of nicole harris's confession. but we do have video confession of frank stirling, he served 17 years after confessing to killing a woman. and then someone else confessed to the crime. here he is admitting that he did. >> something happened with that gun. [inaudible] >> one more question. i need you to be honest with this que

it, a formula to these things? john: with kevin, it took me a while to convince him to raise money. i chased him for the better part of six months. david: airbnb is another example. i was like, i don't get it. i don't get it. reid was on the other side pushing really hard to make it through. we think that dialectic, combined with respect for each other, allows us to get to good outcomes. emily: good that you own that. david: i have lots of things to own. 15, 16 years in this business, if you're not making some mistakes like that, you're probably not doing your job. emily: the new yorker article about marc andreessen, in that piece, he called bill gurley of benchmark his newman. who is your newman? do you have a newman? david: we may be each other's newman. john: i don't think about vc's very much. i like being a company that likes being a company. emily: is there competition between you guys? david: john and i come at things from different perspectives. there are times where john is like, i do not understand what you're

he's actually been arrested twice for trying to buy sex. the john is identified as 63-year-old man from el sob -- california. he has a good reason to not be arrested as a john. we find he's a kindergarten teacher across the bay in berkeley. not only has he previous arrest for solicitation but he's married and has a wife. >> look at the camera. thank you. >> because he made a deal for oral sex on a different day, he'll be charged with loitering instead of solicitation. >> everything i explained to you, you're going to get a copy of, okay? >> okay. >> instead of going to jail today, you're going to get a ticket. you're getting a ticket for loitering for the purpose of prostitution. >> his arrest serves as a stark reminder that men who engage in any kind of talk of cash for sex are committing a criminal offense. >> without admitting guilt, i need you to sign your name. >> while he faces a misdemeanor charge, the social consequences to work and family can be serious and long lasting. >> you have everything? you're free to go. >> after hundreds of johns

that is hard to figure that out but that is exactly what they said. johnthey said he is not one of them and he is part of a different group than the political class. they even see a guy flying in a private jet to be more like them than a politician or a washington senator, that he is more like them. mark: on opposite sides of the same coin, he is teflon, but he may cause his own undoing. john: we showed you video of rick perry and jeb bush attacking donald trump, but these people rallied for donald trump. they defended him, and so it tells you how hard it is going to be for conventional attacks to stick. on the other side, you can tell that they do not know much about trump's political history. they don't know that he was once for single-payer health care. they're worried that he will shoot himself in the foot and ruin the republican prospects of taking back the white house. mark: i was surprised that one point at the emotional loyalty to him. it is not going to be effortless, even with a lot of negative ads, if they come, this will take people away from t

john: these to have to wait to get recognized or getting a deal. at they can make their own deals. >> you can build up a fan base on speeeight -- youtube it is very exciting. john: but the album sold 755 million copies cds and cassettes but today it is 150 million there were charging $18 every cd where is it coming from. >> ultimately is dead. john: power records out of business starbucks was selling cds and said they will stop. >> how did you field paying $18 a cd? there is why people went to napster illegalize that we would not have this culture of freedom we are at now. john: so streaming music goes up. 164 billion but the musician gets 1/7 of a cent but 150 people listen before it day make money. >> is the current model but most people will disrupt but we do have electronic artists the number two revenue stream on spotify so the more people better listening the more revenue there is. john: so you find a new listeners to make it makes them more accessible and pandora is experimenting with this service cell that is for work famous interact with mu

john: ted cruz. i don't want toe in the primary for somebody i know that can't make it. >> sure. john: you? >> ben carson. john: fred? fred: don't know. john: you don't know? anybody jump in here had? -- thereare a number are couple that interest me. i am not sure. john: do you see romney and trump as being a sort of similar? >> no. >> successful business people? >> a little bit. >> i guess in the business aspect. , maybe youas his could call it his see thatity, you could after his first of may, romney completely fell apart and everybody was wondering what happened to romney. i don't see that happening with donald trump. what is in touch with everybody is thinking and what everybody wants. he will do with america what is needed and not what america wants to hear. he is like one of us. he may be a millionaire which separates him from everybody else, but he is still doing what everybody is wanting. john: what is the thing that you like least about him or the thing that you can say concerns you most about him as a pres

john: not that long ago. >> i will have to look at that. >> that is troubling. e has been talk recently that if he doesn't get the republican nomination, he might run as an independent candidate or be a third-party/independent candidate in the general election. who would -- if you guys would be open to supporting donald trump's and the candidacy, why? -- independent candidacy, why? >> the only thing that i can think of that would force him out would be the republican establishment and the rnc doing something and actually forcing him out. if that is the case, if that motivates trump to be independent, then we can vote for him. it will do just about -- it will teach us a lesson, even if we have an other democrat. john: for those of you who wouldn't support trump if he ran as an independent, why would you not support him? >> ross perot. the math doesn't lie. mark: all very interesting. more tomorrow, and we will be right back. ♪ mark: more tomorrow from the focus groups. until then, we are live all the time on bloomberg.com. john: remember, we are on twice a day --

so, there is a sort of boundary to that. john: it's easier to start a company, but it's not easier to get them all the way to the finish line. so, reid and i are spending a lot of time thinking about what it means to scale, and what magnitude scaling really is. emily: bill gurley says we're in a risk bubble, and companies and investors are taking on too much risk. how would you guys describe it? david: i think we're being asked to take on a lot of risk. i think there is a lot of money in the system, and i think there is a lot of optimism that's causing pricing to be higher, that's causing expectations to be higher. and i think we're asking to take higher risks than probably since 1999-2000 timeframe. on the flipside, i would say, i believe that mobile is a fundamental shift and is probably only in the third inning right now still. you can see how that is changing the world where businesses that would've been terrible businesses -- and uber and airbnb, etc., in previous generations now are enabled by mobile in ways that weren't po