Within the United States, there is a real division between the PhDs given in science and math to the Asian community, to the traditional white community, and then to African-Americans and Hispanics.

If you don't have that science and technology and brains as an input, as you don't have in large parts of Latin America, if you don't focus your education on that, if you don't find your 10,000 best scientists, but you do find your 10,000 best soccer players, the consequences are, you become a World Cup Champion in Soccer, like Brazil, but you don't become Korea, which earned 1/5 of what a Mexican did in 1975 and today earns five times more.

Venture capital is about .02% of the U.S. economy invested, and it accounts for 11% of total U.S. jobs and 21% of U.S. economic output. And the reason why is because these companies can get very big, very quickly.

Until African-Americans and Hispanics can get serious, not just about area studies, which are important, but also about science and technology, they're not going to generate that wealth and that job within those communities. And that has absolutely devastating consequences for the places where people live, for the jobs and for the wealth.

We're beginning to enter an era where it gets really cheap and really fast to begin to do things like make fuels, and make textiles, and make extra teeth for ourselves. And we're beginning to think about how we regrow our bladders.

Cities are magical things. You know the energy in them. You have to walk the streets in any borough here and you can see between what was in this city in the 1970's and where it is today and how much more energy there is and how much more just sheer.

New York City is a fascinating place because it's very good at using the energy in attracting some of the best and the brightest from everywhere.