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00:00TRUMP'S POSITION QUESTION MARK I THINK I WOULD DO A BETTER JOB, BUT I HAVE YOUNG KIDS. ENTREPRENEURS CAN HAVE MORE IMPACT ON THE COUNTRY AND THIS WORLD AND INNOVATORS CAN HAVE MORE IMPACT ON THIS COUNTRY IN THIS WORLD THAN THE PRESIDENTS OF THE UNITED STATES. STEPHANIE: DO YOU THINK THE CURRENT ADMINISTRATION CELEBRATES ENTREPRENEURSHIP? WE KNOW THEY CELEBRATE TECH. MARK: THEY DO. I HAVE BEEN AT DIFFERENT FUNCTIONS THAT DEFINITELY CELEBRATE ENTREPRENEURSHIP. HAVE THEY DONE EVERYTHING POSSIBLE TO MAKE THINGS BETTER FOR ENTREPRENEURS? NO, BUT FROM THE LOCAL TO FEDERAL LEVEL, THERE IS WAY TOO MUCH ADMINISTRATIVIA THAT MAKES IT TOO HARD. BUT THAT'S A TOPIC FOR A DIFFERENT WAY. STEPHANIE: BUT WHEN MITT ROMNEY SAID CORPORATIONS ARE PEOPLE, HE WAS VILIFIED, BUT IT'S CORPORATE AMERICA THAT CREATES JOBS, HEALTH CARE -- MARK: WE TAKE ONE ELEMENT, JEN ASKED, BABY BOOMER APPROACH TO LOOK AT CORPORATIONS AND ENTREPRENEURSHIP'S. KIDS TODAY LOOK AT IT COMPLETELY DIFFERENTLY. TODAY -- AND I THINK THIS IS PART OF THE ATTRACTION OF BERNIE SANDERS BECAUSE YOU WOULD THINK, WHY ARE KIDS SO INTO SOMEONE WHO IS A SOFT CLAIM SOCIALIST? WHEN YOU LOOK AT THE MOST SUCCESSFUL COMPANIES THAT, "SHARK TANK," AND I HAVE INVESTED IN MANY OF THESE COMPANIES, THEY HAVE A SOCIAL COMPONENT TO WHAT THEY DO. THEY HAVE COPIED THE TOM SHOE MODEL ONE-FOR-ONE. I HAVE A COMPANY I JUST INVESTED IN CALLED FLIP-FLOPS AND THEY EDUCATE AFGHANI WOMEN, PROVIDE SCHOOLING FOR AFGHANI WOMEN. ALL OF THESE COMPANIES HAVE A SOCIAL COMPONENT. I HAVE A COMPANY, THE LIVING CHRISTMAS TREE THAT DELIVERS CHRISTMAS TREES AND ALL THEY DO IS HIRE VETERANS. STEPHANIE: HERE'S THE THING -- THESE ON FOR NORSE THAT, "SHARK TANK" -- I WATCH THEM. YOU PUSH THEM ON PROFITABILITY. THE THING ABOUT MILLENNIALS , THE WAY THEY WANT TO LIVE AND WORK, THESE COMPANIES DO NOT MAKE MONEY. IS THERE A TIME WHEN THESE COMPANIES START TO FALL OFF? MARK: TWO THINGS. YOU'RE TALKING ABOUT TWO COMPLETELY DIFFERENT THINGS. IF YOU WANT TO SELL TO MILLENNIALS , YOU BETTER HAVE A SOCIAL COMPONENT. WHEN MITT ROMNEY TALKS ABOUT COMPANIES OR PEOPLE, CORPORATIONS ARE PEOPLE, I THINK THAT WAS PRE-SOCIAL ECONOMICS OR UNDER FOR NOR SHOULD ARE SEEING NOW BECAUSE TODAY TO SELL TO MILLENNIALS , YOU BETTER BE HELPING SOMEBODY, BECAUSE THOSE ARE THE PEOPLE, THOSE ARE THE BRANDS THEY WANT TO BUY FROM. THAT IS PART ONE. PUT THAT OVER HERE. THAT IS OUTSIDE SILICON VALLEY. IN SILICON VALLEY, THEY ARE IN THEIR OWN LITTLE WORLD. THEY HAVE LOST TOUCH WITH REALITY. YOU GET A KID, BECAUSE THE GRADUATED FROM THE SCHOOL OR THAT SCHOOL WITH AN IDEA, THE GET AN 8 MILLION DOLLARS VALUATION, RAISE $2 BILLION, KEEP 75% OF THE COMPANY, IT'S RIDICULOUS. STEPHANIE: WHAT'S GOING TO HAPPEN? MARK: THEY ARE GETTING WRITTEN DOWN TO NOTHING. THEY WILL GO OUT OF BUSINESS. 90% OF THE COMPANIES THAT HAVE COME OUT IN SILICON VALLEY, THOSE COMPANIES HAVE NO CHANCE. STEPHANIE: NO CHANCE? MARK: I'M SAYING 95% OF THEM ARE DONE BEFORE THEY STARTED. OUT OF SILICON VALLEY, 5% WILL BE AMAZING. STEPHANIE: MARC BENIOFF HAS BEEN OUTSPOKEN SAYING, STOP AVOIDING THE PUBLIC MARKET. IF YOU KNOW HOW TO LEAD, GO PUBLIC. GET TESTED. MARK: I WROTE

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