As from the 1970's onward, digital code started to drive the global economy, now life code is beginning to be the fundamental driver of the global economy over the next 10, 20, 30 years.
Juan EnriquezIt is important that New York, in addition to its fashion, and finance, and tourism, and communications infrastructure, also begin developing venture infrastructure that's for real.
Juan EnriquezVenture 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.
Juan EnriquezWhen you go and you tour Europe, or you go and you tour Egypt, or you go and you tour Iraq, or you go and you tour Afghanistan, or India, or whatever. Governments get to a point where they're illegitimate because people just give up on them as far as being leaders who have their country's interests at heart.
Juan Enriquez