The Next List: The Future of Business Is Anything But Bleak

(trance music)

When I moved out to Silicon Valley in 2010,

everyone warned me that there's a bubble right now,

it's going to burst in the next six months, just be aware.

And people kept saying that just constantly,

always saying, It's six months away, six months away.

I don't really think there's a bubble right now,

to be quite honest.

We are at the edge of so many exciting opportunities

across tech and bio-tech.

We have a lot of real businesses with real customers,

with real revenue.

If you build your business to be nimble,

you build your workforce to be okay with change,

you build a diverse workforce,

when that change happens, you'll be able to deal with it.

I think they need to think about sustainable capitalism.

They need to think about a model

that can exist for the long term.

The most transformative force

that's really coming down the pipeline, I think,

is artificial intelligence.

Our company focuses on crisper genome editing,

and the ability to specifically change DNA sequences

inside of living cells.

People keep talking about games for VR.

I'm just like,

No, this is gonna change the way we all work.

It's gonna change our lives, honestly.

Any company that we fund,

we're asking our founders to make a commitment

to diversity and inclusion,

and to bake it into their startups.

I think the AI community is a great example

of a collection of folks who've come together

in a way to proactively think

about self-organization and self-regulation.

In part in reaction to questions

coming from the average consumer.

For open AI in particular,

one thing that we've really done,

is we've removed most of the traditional constraints

that exist on businesses, or in research organizations,

so that we can just focus on one thing.

Which is advancing these technologies in a way

that is best for the world.

It's important to have diversity in your workforce,

because honestly, your customers aren't all one segment

of the population.

You don't have to come to Silicon Valley to be successful.

Magic Leap is based in Fort Lauderdale, Florida,

which, what tech is there?

I think that there's really no substitute

for really spending a bunch of time

just trying to build things that are useful,

that people use, to build it wrong a bunch of times.

And that's really the only way to figure out

how to build it right.