It 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 EnriquezThree-quarters of the flags, borders and anthems sitting at the U.N. today were not there 60 some-odd years ago.
Juan EnriquezAsk your friends how many stars will be in the U.S. flag in 50 years? And the reason why that's a reasonable question is because there has never been a President of the United States who's been buried under the same flag he was born under.
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 Enriquez