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00:00AS THE FUTURE OF VIRGIN GALACTIC. RICHARD: IT IS POSSIBLE, SCHOOL IS NOT NECESSARY. I LEFT SCHOOL AT 15 AND I LEARNED THE ART OF ENTREPRENEURIALISM BY GETTING OUT THERE AND DOING IT. I ALSO EDUCATED MYSELF IN THE REAL WORLD. I HAVE SEEN MY LIFE AS ONE LUNG EDUCATION THAT I NEVER HAD -- LONG EDUCATION THAT I NEVER HAD. BUT THAT IS FOR ENTREPRENEURS. FOR A LOT OF OTHER PROFESSIONS, IT CAN BE QUITE USEFUL. UNIVERSITIES CAN BE QUITE USEFUL. BUT FOR MOST ENTREPRENEURS, THE SOONER THEY GET OUT THERE AND GET THEIR HANDS DIRTY, THE BETTER. CORY: WE SEE A LOT OF INNOVATION AROUND INTEGRATION -- EDUCATION, TECHNOLOGY BEING APPLIED. I WONDER ABOUT THE ROLE THE INDIVIDUAL HAS IN THAT. A LOT OF ENTREPRENEURS WERE NOT REALLY GOOD STUDENTS. WHAT IS IT ABOUT THAT ? >> I THINK AN ENTREPRENEUR IS SOMEONE WHO WANTS TO CHANGE THINGS, CREATE THINGS, DOES NOT WANT TO BE PUT IN A BOX. SCHOOLS ARE THERE TO EDUCATE THE MASSES, I THINK. ENTREPRENEURS REBEL AGAINST THAT. IF YOU HAVE A GOOD IDEA THAT YOU FEEL CAN MAKE A DIFFERENCE IN OTHER PEOPLE'S LIVES, I SUSPECT YOU WOULD BE BETTER OFF NOT BUILDING UP A BIG DEBT OF STUDENT DEBT, BUT GETTING OUT THERE AND GIVING IT A GO. THE DANGER IN IT IS IF YOU FAIL, YOU DON'T HAVE AN EDUCATION TO FALL BACK ON, A DEGREE TO FALL BACK ON, BUT YOU WILL HAVE HAD A PRETTY GOOD EDUCATION IN TRYING TO SET UP AND RUN A BUSINESS . YOU JUST HAVE TO PICK YOURSELF UP AND TRY AGAIN. CORY: YOU HAVE TALKED A LOT ABOUT YOUR DIFFICULTIES IN SCHOOL, DYSLEXIA, WHAT THAT MEANT FOR YOU IN TERMS OF TROUBLES IN SCHOOL BUT MAYBE HELPING YOUR BUSINESS CAREER? RICHARD: I AM DYSLEXIC, AND THEREFORE, I THINK I'VE BEEN VERY GOOD AT KEEPING THINGS SIMPLE. AS A DYSLEXIC, I NEED THINGS TO BE SIMPLE FOR MYSELF. THEREFORE, VIRGIN, I THINK, WHEN WE LAUNCHED THE FINANCIAL SERVICE COMPANY OR A BANK, WE DO NOT USE JARGON. EVERYTHING IS VERY CLEAR-CUT AND SIMPLE. I THINK PEOPLE HAVE AN AFFINITY TO THE VIRGIN BRAND BECAUSE WE DO NOT TALK ABOUT THEM OR DOWN TO THEM. -- ABOVE THEM OR DOWN TO THEM. WHAT WAS THE OTHER THING? CORY: WHEN YOU TALK ABOUT NEW IDEAS, DO YOU THINK YOU DO THAT IN A DIFFERENT WAY, WHERE YOU USE YOUR DYSLEXIA IN TERMS OF VETTING NEW IDEAS? RICHARD: THE OTHER THING I WAS SPEAKING ABOUT IS DELEGATION. IF YOU HAVE A LEARNING DISABILITY, YOU BECOME A VERY GOOD DELEGATOR. YOU KNOW WHAT YOUR WEAKNESSES ARE AND YOU KNOW WHAT YOUR STRENGTHS ARE AND YOU MAKE SURE YOU FIND GREAT PEOPLE TO STEP IN AND DEAL WITH YOUR WEAKNESSES. WHETHER YOU ARE DYSLEXIC OR NOT, DELEGATION IS SUCH AN IMPORTANT THING FOR A GOOD LEADER TO BE GOOD AT DOING. TOO MANY LEADERS WANT TO CLING ONTO EVERYTHING THEMSELVES AND DO EVERYTHING THEMSELVES AND NEVER LET GO. THEREFORE, THEY NEVER GROW A GROUP OF COMPANIES LIKE VIRGIN. CORY: ANOTHER THING EMERGING AT THIS CONFERENCE IS NOT JUST WHAT HAPPENS WHEN PEOPLE ARE IN SCHOOL, BUT THIS CAREER DEVELOPMENT AND LAUNCHING THEM INTO A PLACE WHERE THEY CAN GET JOBS AND THEIR RESUMES WILL PUT THEM ON THE RIGHT CAREER PATH. YOU STARTED SO MANY DIFFERENT KINDS OF BUSINESSES. WHO DO YOU LOOK TO HIRE, WHAT DOES A RESUME LOOK LIKE FOR SOMEONE YOU WANT TO HIRE? WHAT ARE THE KINDS OF STRENGTH THAT YOU LOOK FOR WHEN HIRING SOMEONE? RICHARD: PERSONALLY, I DO NOT LOOK AT HOW MANY A'S THEY HAD OR WHAT THEIR ACADEMIC CAREER WAS. I LOOK MORE AT WHAT EXPERIENCES THEY HAVE HAD IN LIFE, WHAT KIND OF PERSON THEY ARE. IF THEY ARE GOING TO GO INTO LEADERSHIP POSITIONS, WILL THEY BE GOOD WITH PEOPLE, WILL THEY BE GOOD AND MOTIVATING PEOPLE, WILL THEY LOOK FOR THE BEST IN PEOPLE? SO IT IS MORE THAT KIND OF AREA RATHER THAN THEIR ACADEMIC ABILITIES. HAVING SAID THAT, WHEN YOU BUILD ROCKETS, WE WOULD LIKE A ROCKET SCIENTIST. CORY: WHEN IS THE LATEST WITH VIRGIN GALACTIC. YOU HAVE THAT TRAGEDY WITH A TEST FLIGHT. WHAT IS THE LATEST IN THE WHAT IS THE TIMETABLE? RICHARD: I WAS IN THE MOJAVE DESERT THIS MORNING, MET THE WONDERFUL 500 PEOPLE WORKING THERE. THEY ARE WORKING LITERALLY DAY AND NIGHT GETTING THE NEXT STATION FINISHED. AND THEY ARE CONFIDENT THEY ARE BACK ON TRACK. IT WILL BE ABOUT A YEAR DELAY. BUT I STILL BELIEVE VIRGIN GALACTIC HAS A GREAT FUTURE AND

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