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In your new book the innovation stack you talk about a glassblower to team up with the founder of twitter to build a multibilliondollar Payment Company you talk about perfect problems when did you realize how Business Payments were a perfect problem . I needed a way to delineate problems if you think about the worlds problems those that are solved so we could copy the solution. And then for one reason or another are not solvable. We dont have a way to do it but then that group in the middle of s...

Group in the middle of solvable problems that have not yet been solved. Thats what i call the perfect problem because that in fact is the focus of what i think entrepreneurship is. In other words, you are looking for a way to solve the problem that is solvable but has not been done. Youre going to have to do something new but you dont get a copy. What happened with jack, jack dorsey and i i hired jack when he was 15, he was a High School Student, came into work at a company that i still have and...

Of dollars into indias internet giant geo so whats the deal were going to discuss it all right its time to use i q. We are tracking the latest coronavirus numbers for you worldwide cases now topping over 5100000 with over 333000 reported deaths still leading the way the u. S. With about 1500000 confirmed cases and 94000 recorded deaths and as the world continues its fight against the pandemic the race is on for a vaccine. Is joining us now in studio with more on this angle so whats the timetable...

Of dollars into indias internet giant geo so whats the deal going to discuss it all right its time to boost your news i q. We are tracking the latest coronavirus numbers for you worldwide cases now topping over 5100000 with over 333000 reported deaths still leading the way the u. S. With about 1500000 confirmed cases and 94000 recorded deaths and as the world continues its fight against the pandemic the race is on for a vaccine. Is joining us now in studio with more on this angle so whats the ti...

Perfect problem. So he needed a way to sort of delineate problems. If you think about the world problems, you got the ones who are salt so that we can cover the solution. And may be a problem that symbiosis already figured out. Then you have the ones that are one reason or another are so lovable. We just dont have the ways to do it. But then theres a group in the middle of solvable problems that have not yet been solved. Jim so that is what i call the perfect problem because that in fact, is the...

Goldhammer golddahmer, im sorry, i dont know what is with me today, from sfgovtv. Madam clerk, any announcements. Clerk silence all cellphones and documents should be submitted to the clerk. Chair fewer i wanted to everyone to know that we will need to recess this at 11 20 to 12 00 noon. So lets start. Madam clerk. Can you call item number 1. Clerk item one was to the call to order and recall call. Would you like me to call item two. Chair fewer yes. Clerk the approval of the lafco minutes from ...

Problems that havent yet been solved. So thats what i call the perfect problem because that, in fact, is the focus of what i think entrepreneurship is. In other words, you are looking for a way to solve a problem that is solvable but hasnt been done. You had to do something you and you dont get to copy. And so we were then taken around for ideas and you do not have an idea and i didnt have an idea so we started looking for problems that we can solve and came up with the problem of how they got p...

Steve told the story of going from a glass blower in st. Louis teaming of the founder of twitter to build a multibillion payment company. In the book you talk about a lot about perfect problems. When did you realize that Small Business payments were a you are going to have to do something new and you cannot copy. I hired jack when he was 15, he was a High School Student came into work at a company that i actually still have. I dont run any of my companies but it also dont sell them. This ones be...

They showed him the door. We decided we would start a company together. Host when did you come to that conclusion . You talk about your work as a glassblower. When did you realize payments were a problem he had just been kicked out of or its somebody i needed to standm in better the first time, so my first suggestion was lets go to San Francisco and get even. It was like spike motivated. But jack to his credit said why dont we do something more positive and start a new company so that was the im...

And they show them the door and we were hanging out and talking. And decided we would start a company together. We were kicking around ideas. He didnt have an idea so we were looking for problems to solve. And came up with the problem of how merchants got paid. When did you come to that conclusion . Talking about your work as a glassblower when you realize payments were a problem for small merchants. That was funny because jack was just kicked out of twitter and my first reaction is he was like ...