WEBVTT 00:05.657 --> 00:07.157 - Hello everybody. 00:07.853 --> 00:10.270 Thank you so much, thank you. 00:12.130 --> 00:14.990 Thank you. (audience cheering) 00:14.990 --> 00:17.573 Thank you very much, thank you. 00:18.034 --> 00:21.443 Everybody have a seat, thank you so much. 00:21.443 --> 00:22.276 Thank you. 00:22.276 --> 00:23.754 (audience cheering) 00:23.754 --> 00:25.587 Aw, thank you so much. 00:27.580 --> 00:30.330 Ha, this is a good lookin' group. 00:30.809 --> 00:31.642 Thank you. 00:32.253 --> 00:35.003 (crowd cheering) 00:35.271 --> 00:36.912 Well, first of all, let me thank 00:36.912 --> 00:39.174 President Hennessy for the introduction 00:39.174 --> 00:41.532 and the entire Stanford family 00:41.532 --> 00:45.636 for letting us take over the campus for a few days. 00:45.636 --> 00:47.464 As some of you know, John is stepping down 00:47.464 --> 00:50.797 after 16 years as President of Stanford. 00:53.034 --> 00:56.117 Fortunately for me, I cannot do that, 00:57.971 --> 01:01.471 to stick around longer than my term limit. 01:03.536 --> 01:07.072 John, I'm sure there's some people who want you 01:07.072 --> 01:08.222 to stick around longer, 01:08.222 --> 01:12.389 but I'm confident that you're going to extraordinary things 01:13.534 --> 01:16.307 and we could not be prouder of John Hennessy and Stanford 01:16.307 --> 01:18.354 and all the great work that they have done. 01:18.354 --> 01:20.006 So please give him a big round of applause. 01:20.006 --> 01:23.173 (audience applauding) 01:26.188 --> 01:28.105 Now, it's summer break. 01:28.584 --> 01:32.751 Just so all of you know, Stanford is not always this quiet. 01:33.114 --> 01:34.947 This school is unique. 01:37.092 --> 01:39.925 Folks ride on bicycles everywhere. 01:42.278 --> 01:45.361 Athletes are also computer engineers. 01:46.325 --> 01:49.492 This is the place that made nerd cool. 01:50.987 --> 01:55.154 (audience laughing and applauding) 01:55.330 --> 01:57.105 We are thrilled to be here. 01:57.105 --> 01:59.268 I know that I am not the first speaker 01:59.268 --> 02:00.609 that you've heard from, 02:00.609 --> 02:04.776 but many of you have traveled here from a long ways. 02:05.423 --> 02:07.986 We got more than 170 countries from every region 02:07.986 --> 02:09.588 in the world represented. 02:09.588 --> 02:11.228 Some of you, this is the first time 02:11.228 --> 02:13.855 you are visiting our country so let me just say 02:13.855 --> 02:16.197 on behalf of the American people, 02:16.197 --> 02:18.982 not only welcome to our Global Entrepreneurship Summit, 02:18.982 --> 02:22.109 but welcome to the United States of America. 02:22.109 --> 02:23.506 We are glad to have you. 02:23.506 --> 02:26.673 (audience applauding) 02:28.365 --> 02:30.924 I am not going to give a long speech 02:30.924 --> 02:31.968 because what I really wanna do is 02:31.968 --> 02:35.096 have a conversation with some outstanding young people 02:35.096 --> 02:36.163 who are part of our panel 02:36.163 --> 02:38.210 and we're gonna introduce in a moment. 02:38.210 --> 02:41.438 But I do wanna begin by offering some opening thoughts 02:41.438 --> 02:45.188 about the time in which we gather here today. 02:45.743 --> 02:47.410 I'm gonna start with 02:48.138 --> 02:51.065 the British people's decision to leave the European Union, 02:51.065 --> 02:53.982 the vote that took place yesterday. 02:57.229 --> 02:59.648 Just a few hours ago I spoke with 02:59.648 --> 03:02.065 Prime Minister David Cameron. 03:02.679 --> 03:05.851 David has been an outstanding friend and partner 03:05.851 --> 03:09.188 on the global stage and based on our conversation, 03:09.188 --> 03:11.164 I'm confident that the UK is committed to 03:11.164 --> 03:14.124 an orderly transition out of the EU. 03:14.124 --> 03:16.469 We agreed that our economic and financial teams 03:16.469 --> 03:18.907 will remain in close contact as we 03:18.907 --> 03:20.815 stay focused on ensuring economic growth 03:20.815 --> 03:22.815 and financial stability. 03:23.189 --> 03:26.164 I then spoke to Chancellor Merkel of Germany 03:26.164 --> 03:28.568 and we agreed that the United States and our European allies 03:28.568 --> 03:32.735 will work closely together in the weeks and months ahead. 03:33.344 --> 03:34.679 I do think that yesterday's vote 03:34.679 --> 03:37.874 speaks to the ongoing changes and challenges 03:37.874 --> 03:40.624 that are raised by globalization. 03:40.628 --> 03:44.795 But while the UK's relationship with the EU will change, 03:45.032 --> 03:46.717 one thing that will not change 03:46.717 --> 03:48.307 is the special relationship that exists 03:48.307 --> 03:50.307 between our two nations. 03:50.391 --> 03:51.808 That will endure. 03:52.256 --> 03:55.930 The EU will remain one of our indispensable partners. 03:55.930 --> 03:57.246 Our NATO alliance will remain 03:57.246 --> 03:59.753 a cornerstone of global security 03:59.753 --> 04:01.949 and in a few weeks we'll be meeting in Warsaw 04:01.949 --> 04:03.616 for the NATO summit. 04:04.628 --> 04:05.875 And our shared values, 04:05.875 --> 04:08.318 including our commitment to democracy and pluralism, 04:08.318 --> 04:12.381 and opportunity for all people in a globalized world, 04:12.381 --> 04:15.128 that will continue to unite all of us. 04:15.128 --> 04:19.045 And that is the work that brings us here today. 04:19.739 --> 04:21.489 The world has shrunk, 04:21.861 --> 04:23.611 it is interconnected. 04:23.822 --> 04:27.322 All of you represent that interconnection. 04:28.016 --> 04:30.433 Many of you are catalyzing it 04:30.473 --> 04:32.140 and accelerating it. 04:33.043 --> 04:36.710 It promises to bring extraordinary benefits. 04:37.238 --> 04:39.405 But it also has challenges 04:39.834 --> 04:43.084 and it also invokes concerns and fears. 04:44.068 --> 04:48.235 So part of why this Global Entrepreneurship Summit has been 04:48.425 --> 04:50.133 so close to my heart, 04:50.133 --> 04:53.276 something that I've been so committed to, 04:53.276 --> 04:56.693 is because I believe all of you represent 04:56.858 --> 05:00.358 all the upside of an interconnected world, 05:00.833 --> 05:04.827 all the optimism and the hope and the opportunity 05:04.827 --> 05:07.910 that interconnected world represents. 05:09.188 --> 05:12.090 But it's also important in these discussions 05:12.090 --> 05:15.257 to find ways in which we are expanding 05:15.472 --> 05:19.620 and broadening the benefit of that interconnection 05:19.620 --> 05:21.193 to more and more people. 05:21.193 --> 05:24.276 That's what so many of you are doing. 05:24.315 --> 05:26.843 We're gathered here at Stanford, 05:26.843 --> 05:28.618 in the heart of Silicone Valley, 05:28.618 --> 05:30.321 which is one of the great hubs of innovation 05:30.321 --> 05:32.835 and entrepreneurship not just for America, 05:32.835 --> 05:34.335 but for the world. 05:35.622 --> 05:39.789 This is a place that celebrates our ability as human beings 05:39.819 --> 05:43.819 to discover and learn and to build, to question, 05:45.207 --> 05:48.790 to reimagine, to create new ways to connect 05:49.145 --> 05:51.228 and work with each other. 05:52.102 --> 05:54.271 It's where two guys in a garage, 05:54.271 --> 05:58.438 Bill Hewlett and Dave Packard, launched a global company 05:58.878 --> 06:02.878 where student projects became Yahoo! and Google. 06:03.225 --> 06:05.504 Those were really good student projects. 06:05.504 --> 06:08.504 (audience laughing) 06:09.172 --> 06:11.663 My student projects weren't as good. 06:11.663 --> 06:14.663 (audience laughing) 06:15.184 --> 06:18.419 It's where entrepreneurs, like so many of you, 06:18.419 --> 06:20.315 get an idea and you build a team 06:20.315 --> 06:22.800 and you work to turn it in to a reality. 06:22.800 --> 06:24.453 You launch products and companies 06:24.453 --> 06:28.370 and entire industries that transform the world. 06:28.451 --> 06:31.534 That's the power of entrepreneurship. 06:33.318 --> 06:36.235 And it's never been more important. 06:36.588 --> 06:37.528 In today's world, 06:37.528 --> 06:41.236 where our economies have undergone dramatic shifts, 06:41.236 --> 06:44.486 where businesses don't stop at borders, 06:44.728 --> 06:46.812 where technology and automation 06:46.812 --> 06:49.313 have transformed virtually every industry 06:49.313 --> 06:52.730 and changed how people organize and work, 06:53.038 --> 06:56.060 entrepreneurship remains the engine of growth. 06:56.060 --> 06:59.411 The ability to turn an idea in to a reality, 06:59.411 --> 07:02.271 a new venture, a small business that creates 07:02.271 --> 07:03.688 good-paying jobs. 07:06.762 --> 07:09.204 It puts rising economies on the path to prosperity 07:09.204 --> 07:10.861 and empowers people to come together 07:10.861 --> 07:13.432 and tackle our most pressing global problems, 07:13.432 --> 07:16.015 from climate change to poverty. 07:17.861 --> 07:20.004 When people can start their own businesses, 07:20.004 --> 07:22.720 it helps individuals and families succeed. 07:22.720 --> 07:23.831 It can make whole communities 07:23.831 --> 07:26.498 more prosperous and more secure. 07:27.026 --> 07:28.788 It offers a positive path for young people 07:28.788 --> 07:31.776 seeking the chance to make something of themselves, 07:31.776 --> 07:34.560 and can empower people who have previously been locked out 07:34.560 --> 07:38.727 of the existing social order, women and minorities, 07:39.060 --> 07:42.773 others who aren't part of the old boys' network. 07:42.773 --> 07:46.523 Give them a chance to contribute and to lead. 07:48.754 --> 07:50.253 And it can create a culture where 07:50.253 --> 07:52.553 innovation and creativity are valued, 07:52.553 --> 07:54.671 where we don't just look at the way things 07:54.671 --> 07:56.888 have always been but rather we say, 07:56.888 --> 07:58.638 "How could things be? 08:01.024 --> 08:01.857 "Why not? 08:03.844 --> 08:06.094 "Let's make something new." 08:08.372 --> 08:12.227 This spirit speaks to something deep inside of all of us, 08:12.227 --> 08:15.066 no matter who are, what we look like, where we come from. 08:15.066 --> 08:17.612 You look out across this auditorium, 08:17.612 --> 08:19.760 you're all of different backgrounds and cultures 08:19.760 --> 08:21.585 and races and religions. 08:21.585 --> 08:23.558 Some of you are from teeming cities, 08:23.558 --> 08:24.891 other of you are 08:26.564 --> 08:28.763 working in small rural villages. 08:28.763 --> 08:31.180 But you have that same spark, 08:31.239 --> 08:34.656 that same creative energy to come up with 08:36.673 --> 08:39.923 innovative solutions to old challenges. 08:41.403 --> 08:44.129 And entrepreneurship is what gives people like you a chance 08:44.129 --> 08:45.783 to fulfill your own dreams 08:45.783 --> 08:49.450 and create something bigger than yourselves. 08:51.101 --> 08:53.266 We live in a time when more than half of the world 08:53.266 --> 08:55.183 is under the age of 30. 08:56.571 --> 08:57.586 And that means we've gotta make sure 08:57.586 --> 09:00.150 that all of our young people around the world 09:00.150 --> 09:03.378 have the tools they need to start new ventures 09:03.378 --> 09:06.628 and to create the jobs of 21st century, 09:07.453 --> 09:10.703 and to help lift up entire populations. 09:14.723 --> 09:17.634 And so many of you are already doing this. 09:17.634 --> 09:18.875 As I travel around the world, 09:18.875 --> 09:22.042 one of the extraordinary things that I 09:23.137 --> 09:26.246 have the opportunity to do is to meet young people 09:26.246 --> 09:30.079 in every region and to see the problem solving 09:31.809 --> 09:35.892 and the energy and optimism that they're bringing 09:36.805 --> 09:40.638 to everything from how to generate electricity 09:40.998 --> 09:44.831 in environmentally sound ways in remote places 09:45.168 --> 09:47.025 that are off the grid right now, 09:47.025 --> 09:50.525 to how do you employ women in remote areas 09:53.593 --> 09:57.760 who all too often have been locked out of opportunity. 09:58.378 --> 10:02.545 You just see enormous creativity waiting to be tapped. 10:04.138 --> 10:06.637 And part of our job, part of this summit's job 10:06.637 --> 10:08.566 is to make sure we're putting more tools, 10:08.566 --> 10:12.316 more resources in to the hands of these folks 10:13.912 --> 10:16.024 who are changing the world, 10:16.024 --> 10:18.258 and making sure all of you know each other 10:18.258 --> 10:21.945 so that you can share best practices and ideas 10:21.945 --> 10:23.612 and spread the word. 10:25.423 --> 10:28.506 Now, I know that the daily reality is 10:29.785 --> 10:32.371 not always as romantic as all this. 10:32.371 --> 10:36.159 Turns out that starting your own business is not easy. 10:36.159 --> 10:37.546 You have to have access to capital, 10:37.546 --> 10:39.507 you have to meet the right people, 10:39.507 --> 10:41.182 you have to have mentors who can guide you 10:41.182 --> 10:44.182 as you get your idea off the ground. 10:44.231 --> 10:46.346 That can be especially difficult for women 10:46.346 --> 10:48.011 and young people and minorities and others 10:48.011 --> 10:49.696 who haven't always had access to 10:49.696 --> 10:52.696 the same networks and opportunities. 10:52.740 --> 10:56.907 You deserve the same chance to succeed as everybody else. 10:57.054 --> 10:58.734 We gotta make sure that everybody has a fair shot 10:58.734 --> 11:00.208 to reach their potential. 11:00.208 --> 11:03.822 We can't leave more than half the team on the bench. 11:03.822 --> 11:06.359 That's why we've invested so much time and effort 11:06.359 --> 11:08.382 to make sure America's helping to empower 11:08.382 --> 11:10.299 entrepreneurs like you. 11:10.612 --> 11:13.916 So we held our first summit back in 2010. 11:13.916 --> 11:15.989 Since then, we've brought entrepreneurs like you 11:15.989 --> 11:19.935 together in Turkey and the Emirates and Malaysia, 11:19.935 --> 11:22.268 Morocco, Kenya and all told, 11:24.117 --> 11:26.962 we've helped more than 17,000 entrepreneurs and innovators 11:26.962 --> 11:29.421 connect with each other, access capital, 11:29.421 --> 11:32.421 find mentors and start new ventures. 11:33.563 --> 11:34.396 17,000. 11:35.129 --> 11:38.296 (audience applauding) 11:40.271 --> 11:43.674 I think of the Tanzanian startup that helps farmers 11:43.674 --> 11:45.984 reduce their harvest losses, 11:45.984 --> 11:47.945 or the company in Nepal that's helping to improve 11:47.945 --> 11:49.612 charity health care. 11:50.858 --> 11:53.180 There are 11 Cubans who are here today, 11:53.180 --> 11:55.569 the first Cubans to join us at one of these summits. 11:55.569 --> 11:59.736 (audience cheering and applauding) 12:00.567 --> 12:01.400 Hola. 12:01.880 --> 12:04.775 (audience cheering and applauding) 12:04.775 --> 12:05.775 Mucho gusto. 12:07.387 --> 12:09.504 They're ready to help create new opportunities 12:09.504 --> 12:11.061 for the Cuban people. 12:11.061 --> 12:12.311 Where are they? 12:13.738 --> 12:14.988 There they are. 12:15.404 --> 12:19.571 (audience cheering and applauding) 12:24.581 --> 12:27.081 I wanna thank Antonio Gracias, 12:28.336 --> 12:31.382 a leader in private equity in one of our 12:31.382 --> 12:34.268 presidential ambassadors for global entrepreneurship 12:34.268 --> 12:36.027 because his support was critical 12:36.027 --> 12:40.106 in bringing these young Cuban entrepreneurs here. 12:40.106 --> 12:41.291 That's deserving of a hand. 12:41.291 --> 12:44.458 (audience applauding) 12:44.782 --> 12:45.837 I'm also pleased to announce that 12:45.837 --> 12:47.348 we have a new group of business leaders 12:47.348 --> 12:50.017 signing on as entrepreneurship ambassadors. 12:50.017 --> 12:54.184 This is something that we started as part of the summit, 12:54.320 --> 12:57.365 and they have put their time, energy, effort 12:57.365 --> 12:59.948 and, in some cases their money, 13:00.496 --> 13:03.232 behind entrepreneurs around the world. 13:03.232 --> 13:07.399 Some are new ambassadors, Sara Blakely, CEO of Spanx, 13:07.880 --> 13:10.809 (audience applauding) 13:10.809 --> 13:13.559 Jane Wurwand, CEO of Dermalogica, 13:15.755 --> 13:17.752 (audience applauding) 13:17.752 --> 13:21.919 Steven Jurvetson, partner at Draper, Fisher, Jurvetson, 13:23.590 --> 13:26.590 and Patrick Collison, CEO of Stripe. 13:27.891 --> 13:31.058 (audience applauding) 13:32.432 --> 13:34.525 Now, supporting entrepreneurs isn't just something 13:34.525 --> 13:35.375 we do around the world, 13:35.375 --> 13:37.828 it's also a key part of how we create jobs 13:37.828 --> 13:40.614 and fuel innovation here in the United States. 13:40.614 --> 13:41.940 That's why we're working with communities to 13:41.940 --> 13:44.978 streamline the process for launching a company, 13:44.978 --> 13:46.395 startup in a day. 13:47.338 --> 13:49.137 It's why we're expanding Innovation Core, 13:49.137 --> 13:50.734 our program to equip more scientists 13:50.734 --> 13:53.535 and engineers with entrepreneurial skills. 13:53.535 --> 13:54.868 And it's why, at this summit, 13:54.868 --> 13:57.691 dozens of top tech companies, from giants to startups, 13:57.691 --> 14:00.542 are committing to make their technology workforces 14:00.542 --> 14:02.042 look like America, 14:02.356 --> 14:05.037 including by publishing data on diversity each year 14:05.037 --> 14:07.121 and developing the tech talent of people 14:07.121 --> 14:08.752 from all backgrounds. 14:08.752 --> 14:10.804 We're very happy for the commitments that they've made, 14:10.804 --> 14:12.659 so give them a big round of applause for that. 14:12.659 --> 14:15.659 (audience applause) 14:18.182 --> 14:19.015 Here at this summit, 14:19.015 --> 14:21.461 we're also building on our progress with new commitments 14:21.461 --> 14:23.952 from government and business and philanthropists. 14:23.952 --> 14:26.813 So at last year's Paris climate talks, for example, 14:26.813 --> 14:29.256 Bill Gates and other top global investors 14:29.256 --> 14:30.821 committed to partnering with governments 14:30.821 --> 14:33.983 to invest in cutting edge clean energy solutions. 14:33.983 --> 14:35.680 Today, we're launching an initiative to 14:35.680 --> 14:38.165 connect some of these global investors and others 14:38.165 --> 14:41.759 with clean energy entrepreneurs from developing countries. 14:41.759 --> 14:43.009 We're also announcing the 14:43.009 --> 14:45.694 Young Transatlantic Innovation Leaders Initiative, 14:45.694 --> 14:48.233 which will bring 200 of Europe's innovators 14:48.233 --> 14:51.162 to the United States each year to develop their skills. 14:51.162 --> 14:54.329 (audience applauding) 14:55.881 --> 14:58.103 And we've got organizations like Endeavor, 14:58.103 --> 14:59.884 which supports entrepreneurs starting a 14:59.884 --> 15:02.757 $100 million fund to invest in companies 15:02.757 --> 15:05.470 across Latin American and the Middle East, 15:05.470 --> 15:07.887 in Africa and Southeast Asia, 15:07.918 --> 15:11.085 (audience applauding) 15:11.778 --> 15:14.125 investment firms like Capria Ventures, 15:14.125 --> 15:17.087 which will help fund international startups. 15:17.087 --> 15:19.436 So these are just a handful of the commitments, 15:19.436 --> 15:20.669 and I suspect new ventures, 15:20.669 --> 15:23.562 that are gonna come out of this year's summit. 15:23.562 --> 15:26.645 So, all of you budding entrepreneurs, 15:27.126 --> 15:29.574 don't be shy while you're here. 15:29.574 --> 15:32.574 Talk to the experts, make your pitch, 15:32.574 --> 15:35.324 network with potential investors, 15:35.540 --> 15:39.125 find that mentor who might help you navigate through 15:39.125 --> 15:40.292 a tough patch. 15:42.364 --> 15:45.217 Connect with your fellow innovators, 15:45.217 --> 15:47.859 because ultimately the world needs your creativity 15:47.859 --> 15:50.526 and your energy and your vision. 15:50.902 --> 15:54.735 You are going to be what helps this process of 15:57.580 --> 15:59.497 global integration work 15:59.963 --> 16:04.130 in a way that is good for everyone and not just some. 16:05.655 --> 16:08.572 Now, I've spoken about this before. 16:09.745 --> 16:13.256 I believe we are better off in a world in which 16:13.256 --> 16:17.173 we are trading and networking and communicating 16:17.682 --> 16:19.182 and sharing ideas. 16:22.191 --> 16:26.358 But, that also means that cultures are colliding and 16:27.112 --> 16:31.182 sometimes it's disruptive and people get worried. 16:31.182 --> 16:34.099 You're the bridge, you're the glue, 16:34.676 --> 16:36.961 particularly the young people who are here, 16:36.961 --> 16:39.565 who can help lead towards a more peaceful 16:39.565 --> 16:41.324 and a more prosperous future 16:41.324 --> 16:44.657 that provides opportunity for everybody. 16:44.726 --> 16:47.855 And because this is about more than this one event or, 16:47.855 --> 16:50.855 for that matter, this one president, 16:50.894 --> 16:52.131 we're gonna make sure that the United States 16:52.131 --> 16:54.272 continues to help developing the next generation 16:54.272 --> 16:55.689 of entrepreneurs. 16:55.721 --> 16:57.703 We're very proud to announce that next year's 16:57.703 --> 17:01.620 Global entrepreneurship Summit will be hosted in India. 17:01.620 --> 17:05.787 (audience cheering and applauding) 17:05.825 --> 17:09.075 Got the Indian contingent in the house. 17:10.634 --> 17:13.551 I'll try to stop by if I'm invited. 17:13.779 --> 17:16.779 (audience laughing) 17:17.460 --> 17:19.672 But the point is, I believe in you 17:19.672 --> 17:21.736 and America believes in you. 17:21.736 --> 17:23.248 And we believe that you have the talent 17:23.248 --> 17:24.324 and the skills and the ambition, 17:24.324 --> 17:27.272 not just to pursue your dreams, but to realize them, 17:27.272 --> 17:30.687 that you can lift up not just your own families 17:30.687 --> 17:32.128 but communities and countries 17:32.128 --> 17:34.030 and create opportunity and prosperity and hope 17:34.030 --> 17:35.476 for decades to come. 17:35.476 --> 17:37.740 That's the promise that we see in all of you. 17:37.740 --> 17:40.127 And that is the promise that we see 17:40.127 --> 17:44.294 in our outstanding panelists that you're gonna hear from. 17:44.433 --> 17:48.192 Mai Medhat, of Egypt, who is a software engineer, 17:48.192 --> 17:50.454 who started a company called Eventtus, 17:50.454 --> 17:52.040 which is a one-stop online shop 17:52.040 --> 17:54.349 for people who organize events. 17:54.349 --> 17:56.737 (audience applause) 17:56.737 --> 17:59.404 Jean Bosco Nzeyimana, of Rwanda, 18:03.369 --> 18:06.580 who is the founder and CEO of Habona Limited, 18:06.580 --> 18:09.254 a company that uses biomass and waste to develop 18:09.254 --> 18:13.337 eco-friendly fuels that are used in rural Africa. 18:14.187 --> 18:16.604 Mariana Costa Checa, of Peru. 18:18.022 --> 18:21.097 Mariana is the founder of Laboratoria, 18:21.097 --> 18:23.476 which gives young women from low-income backgrounds 18:23.476 --> 18:24.760 the education and tools they need 18:24.760 --> 18:27.260 to work in the digital sector. 18:27.525 --> 18:29.377 (audience applauding) 18:29.377 --> 18:31.954 And, if that lineup is not enough, 18:31.954 --> 18:36.081 you also see it in a guy that you may have heard of 18:36.081 --> 18:39.164 who has done pretty well for himself, 18:39.190 --> 18:43.048 the founder and CEO of Facebook, Mark Zuckerberg. 18:43.048 --> 18:43.983 They’re the real experts. 18:43.983 --> 18:45.172 Let’s welcome them onstage, 18:45.172 --> 18:47.036 and we’ll start having a conversation with them. 18:47.036 --> 18:47.869 Thank you. 18:47.869 --> 18:52.036 (audience cheering and applauding) 18:53.585 --> 18:54.936 Thank you so much. 18:54.936 --> 18:56.406 Thank you, incredible. 18:56.406 --> 18:57.656 Thank you, man.