You know, they're these inspirational stories that give me, having traveled around, met a lot of the people in a lot of these--and seen a lot of these places, gives me hope for America that most people don't have. MS. WALPERT LEVY: Yeah, that's cool. US F-16 fighter jets caused a sonic boom across the Washington, DC, region Sunday as they scrambled to reach the unresponsive aircraft, officials said. It's nice to see everyone live and in person. Proof of covid-19 vaccinations and booster will be required upon arrival. I have a new book coming out in September, Rise of the Rest: How Entrepreneurs in Surprising Places Are Building the New American Dream. And the reason I wrote it--and it is available for pre-ordering--the reason--the reason I wrote it is because these stories had to be told. How do you think about the same question of people to support the business, the balance with control versus outsourcing? So, at the time, I had a specific situation that happened where a student came into my office. . MS. CALDWELL: I want to ask about immigration. Sonic Boom Heard Over Washington Is a Rare Sound With a Rich History And you're seeing more of that people really appreciating the mission-based parts of companies. Thank you so much for joining us today here at Washington Post Live. I was homeless three times in Los Angeles. There's a whole bunch of other aspects of the bipartisan infrastructure law that are going to support and provide a really welcoming climate for small businesses to be successful. MS. BOUSHEY: Well, that is certainly the hope. And you know, that is a signal that because the economy got, you know, back on track, because America got moving again, and because entrepreneurs saw opportunity, they filed to start new businesses and went out and, you know, took advantage of the moment to do that. And that's just one of many examples that we're seeing all across the country that gives me great hope. I remember in the wake of the murder of George Floyd, there were entrepreneurs who said to me that they were seeing these VC firms coming out with big statements. So, if I'm a gas station and I don't have to pay that tax, and I lower my price, you're going to be under pressure to lower your prices as well. And so, it was extremely challenging. So I think they really have a unique value proposition to their channel. And I'm joined by two wonderful guests today. He has taken a series of very significant steps to deal with the crisis at the pump around the country. I've been asked to co-chair it again, which I'm, you know, proud to do. If you're watching in the audience or online, tweet at us @PostLive. Because we're always thinking about what's the next thing. So, the more and more I thought about it, the more excited I got about the idea of marrying the experience I had in digital marketing and video with something that I wanted to do for my whole life, which is celebrate my dad's legacy and preserve his recipes. So, even just changing the way that we're thinking about, you know, introducing people to the venture capital world. MR. IGNATIUS: Good answer to my question. And that's also why the president has been so focused on moving away from fossil fuels towards clean energy, where if we do it the right way, we can have more control over the supply of those--of that energy over time. But in that conversation with myself, I thought, what if I could just teach them to do it? But one of the things about when you go and buy gas at the pump, it actually is the case that gas stations are--tend to be--they tend to price their gasoline competitively. Deborah and Angela, welcome to The Washington Post. And I was like, this is great, and I dont have to pay you. There's a lot of support and opportunity. MS. WALPERT LEVY: And support. However, we also knew that, you know, HR tech is a relatively noisy space, there are a lot of players, a lot of big players. The other issue, of course, is that because of the energy crisis, you know, we need to make sure that as we're thinking about these policies, we don't want them to further add to any of our challenges. MS. ZAKRZEWSKI: And it sounds, yeah, like you're making the same point. NORFOLK, Va. (AP) People living in and around the nation's capital on Sunday experienced a rare, if startling, sound: A sonic boom. MS. ZAKRZEWSKI: And I want to take a moment to take a question from our audience right now. MS. BOUSHEY: Oh, well, that's a great question. Should the--will the president further reduce or eliminate tariffs on Chinese goods? By Washington Post Live. The Great Resignation and the Entrepreneurial Boom It makes sense as a way to have impact in terms of driving sustainable change in these communities, and more broadly trying to do that at more of a national level. It was just the second wave of the internet, when it shifted from building the internet to essentially building on top of the internet--software, apps on top of the internet, Google, Facebook, you name it. If the rebound proves durable, it could provide a more resilient economy. "Washington Post Live" Steve Case, Heather Boushey, Deborah - IMDb So that was, like, the gap in the market that I saw. Now we have a really great team, people who support us, who are always coming up with really great ideas for the next thing, right? ET. But what role does immigration now, and also perhaps down the road, given the economic indicators that you see--how important is that going to play for these small businesses and these new businesses? So we have Mimi, who is a leader in the do-it-yourself fashion segment based in Atlanta, and we also have Randy, who is based in San Francisco, who has been able to launch one of the best modern day cooking shows while also preserving a lot of his family heritage. And when they're in those places, they found interesting things going on in those places. MS. ZAKRZEWSKI: And they would say they've got to make the hire and send the wire and really follow through there. So why is it not inevitable? We've now made over 200 investments in a hundred different cities alongside 400 regional venture capitalists. So, I am excited to hear how this came together. MR. CASE: Well, it's great to be here at The Washington Post, particularly with David who--when AOL went public 30 years ago this year, David was the business editor of The Washington Post and Kara Swisher was the new reporter working for him covering us. And so for me to be able to mentor some of these students and then watch them go off and create their own businesses, their own channels, and really have a very specific point of view--and above everything else, I think there's a level of authenticity that is different now, where maybe a couple of years ago being an influencer just seemed like a cool thing to do. And so, when we're thinking about fundraising and all these things, it's really because we want to continue to help people. I mean, even starting--initially, when we started QuickHire, she was--she just had a newborn baby, and she was going through our first PowerPoint, literally in the delivery room. I'm always having to stay ahead. Like, do you see the growth of other creators on YouTube? So, these are all the things that he has done. We were in sorority together. And I think for the channels that I've seen like really take off exponentially, I think--for me, I think it's like, I see two--maybe just one thing. Im Tara Walpert Levy, and I lead the Americas business for YouTube, and I am thrilled that we can be here together in person to talk about this entrepreneurial boom, right? So, yeah, please start early. Like, I hundred percent would not be as successful as I am now had I not met other creators, because you just--it can be kind of a lonely journey, you know? Big business, Fortune 500, accounts for a lot of jobs. So, to answer your question, we started these bus tours called The Rise of the Rest bus tours almost a decade ago, and it was built a little bit on the video you just saw--a belief that even though most of the venture capital was going to a few places--you know, 75 percent of venture capital going to three states, which is crazy, but true--that were--there are great entrepreneurs everywhere with great ideas everywhere. So, what that means is we help job seekers in the service economy, primarily retail, hospitality. If you run a small business, or if you have a small business where people are telecommuting, or you need to, you know, contact your suppliers, you need access to the internet, super important. So, when we started AOL in 1985 not too far from here, only 3 percent of people were online, and those 3 percent were online an average of one hour a week. When my husband and I were dating, he wanted to learn to sew. And some of you have probably heard the terms thrown around creator ecosystem, creator entrepreneur. Theyre not just buzz words, and theyre not just the big household names that have made millions of dollars from the creative economy, but there are over 2 million creators on YouTube alone who make money doing what they love and that [audio drop] who are basically offering tips to audiences that dont typically see themselves in media and in advertising. But they said, we're going to start this company anyway and we're going to scale this company anywhere--anyway. His wife's life was, you know, kind of hanging in balance, and he was getting all these disparate views. MS. GLADNEY: And so, to be in the fight with somebody that I know truly cares about me is like, honestly, our superpower. And so, you know, the pandemic was just kind of the final straw. Now forecasters, you know, earlier in 2021, in 2020, were predicting that it would take years for us to get below 4 percent unemployment. Academy have gone on to create their own businesses, right? And what, if any, patterns do you see as you--as you look around and see those businesses growing? And so, I think that that is really just what you can lead with. So hes a pro. So those are some--those are some of the good, strong points of the economy. But, you know, immigration remains certainly an issue that the president is eager to work with Congress on. F-16 fighter jets were "authorized to travel at supersonic speeds," the agency said. MS. CALDWELL: Given all of the things that we just laid out, we are here to talk about entrepreneurs and small businesses, the pandemic, there was a 40-year reversal in the creation of new businesses. But I do want to ask you, if you were someone who was going--had an idea for a small business, is now the time to do it? So now we have a team of 10. MS. CORATTI: Hi, good afternoon, everyone. So, I put a PayPal button on my blog post, I went to bed, I priced really high, like 275. I didn't have all the tools and the resources and the platforms that are so readily available to us now. And so, for us, it was just like, you know what, we may not have these connections and we may not know, so what we're going to do is just keep building, and hopefully, you know, the doors will eventually open. MS. ZAKRZEWSKI: And I want to just take a moment to open up to our audience that we will be taking questions from you, too. We're also seeing that in many other sectors of the economy. Obviously, there was the barrier of just preconceived notions when it comes to hiring platforms and thinking that it's just another hiring platform. Are you confident? MR. IGNATIUS: So, thank you. And she asks, as a small business that struggles with finding talent, what advice do you have with not only hiring but retaining the right team members? Steve Case, Heather Boushey, Deborah Gladney & Angela Muhwezi-Hall join Washington Post Live on Tuesday, June 21 (Video: The Washington Post) . And you know, interest rates were low. It's very important. Im so thrilled to have you all here. As you mentioned, interest rates are rising. And we saw good momentum over the--over the ensuing years. So being able to see someone walk in that--walk in that passion, that purpose that you know they always had in them has just been an honor to witness. IBMs PC operations were in Boca Raton, Florida. But none of that changes the fact that for our national economic security, for our national security, we have to be thinking about all the different ways that we can transition to clean energy. And that is how the first investor reached out to us. A study by the U.K. retail banker NatWest of 9,400 adults released this month found that one in seven planned on becoming an entrepreneur - a 50% increase over last year. But on my channels, what I do every day is I work to inspire and encourage other people that look like me, that sound like me, to be able to start their own sustainable businesses. MS. CALDWELL: You mentioned oil, cost of gas. The unemployment rate is still at 3.6 percent. You go on a lot of these VC websites. Words of wisdom about being an entrepreneur, raising capital and winning in the entrepreneurial game written and published by . MS. MUHWEZI-HALL: Thank you. So, you know, as part of this small business creation process that you'd like to get streamlined, is there anything that you can streamline, I should say, from a regulatory perspective? What is your reaction to that? MD Anderson in Texas, Mayo Clinic in Minnesota, Johns Hopkins in Maryland, Cleveland Clinic in Ohio. Four dead in plane crash that sparked Washington alert Especially when they could not find people, it was about how can I find the right--the right talent, and also how can they keep them? Wine reception to follow Location The Washington Post 1301 K Street, NW Registration is required to attend. Thank you all for being here. So, there's different programs that the Small Business Association is running, and Treasury, to help that navigation. But it's about creating the visibility and showing people that there is a lot of opportunity with the skills that you're acquiring today. It is the passion that you have for your job that enables me to have passion for my job, and I'm just so grateful that everyone here got to see a little bit of that today. I was a teen mom. That was good. How did you think about that, and what did that process of setting the company look like in those early days of the pandemic? And so, we were able to tap into them because they were having those efforts. But I did happen to see something that said in the last couple of years TurboTax reported that the number of people who report their primary income as being a creator or an influencer or the like has more than tripled in the past couple of years, which is just amazing--right?--given the growth that we've continued to see and that we're building off a pretty large base. Thank you, Steve. FILE - The sign for Joint Base Andrews is seen on March 26, 2021, at Andrews Air Force Base, Md. The last point I'll make, building on the QuickHire you just heard, this is two founders that have three strikes against them. And I think I would just love to see more support around that ecosystem and more support for creators like me. MS. GLADNEY: I think first of all, its visibility in a way. He's made it possible for gas stations around the country to sell gasoline that has a little bit more ethanol in it. Join Washington Post Live on Tuesday, Sept. 13 at 9:00 . So just having that emotional support of someone who really understands what you're going through has been really helpful, and like, getting to share strategies and tips has propelled--you just grow so much faster. That's when Silicon Valley rose to prominence, arguably dominance, because it was about software and coding, and virality. MR. CASE: Dave, I think, has written 11 or 12 books. Sonic boom heard over Washington is a rare sound with - Financial Post Welcome. But what I'm curious about--and actually, here's a fun fact, fun party fact that I never thought I would quote from TurboTax as a fun party fact. So yeah. So, for me, it was a little harder in just that I had to figure it all out. So, I have a background in education and career advisement, and I was working in inner city high schools in Los Angeles. The Great Resignation was really caused by a combination of factors, including: Baby Boomers retiring in record numbers. And then the hope for Web 3 is it will go back to being kind of more decentralized. Were releasing a million barrels of oil a day from the Strategic Petroleum Reserve. Menu. And I think there were a lot of people who said, oh, you know, that's my favorite fashion influencer, I'm going to just mimic what she does. Transcript: The Entrepreneurial Boom - The Washington Post And it's mainly because we just want to keep helping people. Loud boom shakes Washington D.C.; fire department reports no incidents. Archive of stories published by Raising the Entrepreneurial Boom We've got a Twitter question from Rahama Wright [phonetic]. The Washington Post is providing this news free to all readers as a public service. So, it's a little bit more cheaper at some stations around the country. And it's--and it's honestly something that we're continuing to work through. That's going to require a lot of innovation, including from a lot of entrepreneurs partnering with a lot of existing kind of incumbent companies and/or hospitals to make that possible. Its afternoon; I feel like maybe Im getting you coffee or something. I'm sure you're seeing other trends, and Id just be curious what some of them are, what you think the next big things will be. Sonic boom heard over Washington is a rare sound with a - National Post Well, because you've sort of multiplied your business in so many different ways. And so, it's been a fantastic opportunity for us. And as a result, not surprisingly, our data is about 45 percent of the investments we've made through our Rise of the Rest seed fund have been in founders of color or female founders, even though the data, as I mentioned before, it's still not what it should be, but it's way better than most. People sometimes talk about the Web 3 being built around blockchain technology that's going to be more secure. When the president took office, his number-one goal was to get the economy back on track. MS. BOUSHEY: Well, I think if there's--the president has been so clear that rising gas prices is a priority for him, that that should dissuade anybody from thinking that he likes it or thinks that it is a good thing. We've found that the folks who have stayed around the longest are people that we have met before, we have like some, you know, connections with or a shared passion with. For, like, almost a year I was doing basically everything by myself. You know, one of the most exciting things--and there's many exciting things about the bipartisan infrastructure law, but one of them that I've been very excited about is, you know, creating a network of electric vehicle charging stations around the country so that people can not only buy EVs but that they can go out and get them charged, you know, where they need to on highways or in communities around the country. US fighter jets responded to an aircraft with an unresponsive pilot Of course, as you know, because you followed it, I was--I was like, pre-Web. Residents of Washington, D.C. reported on Twitter that they heard a large boom or explosion, with some saying it shook walls. That's because these communities tend to be more diverse and entrepreneurs are emerging in those communities that are building some of the most exciting companies in the country. Can you tell me a little bit more about how you do that? Case, Boushey, Gladney and Muhwezi-Hall discuss - The Washington Post But we were nearing the holidays, and I was a single mom with four kids. So how do you create better access, more affordability, better health outcomes? And they're like, oh, there's talent in Kansas, what's in Kansas? I got them done, I sent them off, and I said I never want to do that again. I think its going to be fascinating to hear a little bit about how each of you started with something you just had a passion for and transformed it into a successful career for you and your families--just like so many others. Ellie Bird brings family-friendly delights to Falls Church, Pea salad with pecorino is a no-cook side that can be made ahead, Persian meat and potato patties are ideal summer picnic fare. Founded in 2016 and now led by Hollinger, formerly CEO of the Restaurant Association Metropolitan Washington, the Greater Washington Partnership is an alliance of major employers and entrepreneurs . I think connections is everything, like always networking, always looking for talent. And so, that's really what happened for us, is that we just--we're like, we're just going to build, and eventually there was a story about us. The Entrepreneurial Boom In 2022, stock prices fell off a cliff, thousands of tech workers lost their jobs and a recession seemed just around the corner. But the real leverage is new companies, number one. Enjoy the latest local, national and international news . So, does this economic environment enable that--the new businesses that are created--enable that to continue? MR. IGNATIUS: Well, so give us a little tease. MS. WALPERT LEVY: You contributed in a lot of ways. I want to be--you know, have breakfast with them and not stress out, have weekends and not stress out. MS. ZAKRZEWSKI: And I've heard, you know, sometimes for founders there's that cliff after you raise the first seed round of VC funding. MS. WALPERT LEVY: I love that. And I think--and also, it also allows me to scale the impact that we have, as well, with a team. So, she came and gave me all of these paper applications asking can she help, or can I help her. And the president has been very committed to that. Help the rest rise! So, then you go back to the data I said before. It's also affected prices. And then, yeah, during the pandemic actually, it was a pretty scary time. MR. IGNATIUS: Great conversation, a powerful idea, the Rise of the Rest. And we spoke to so many of our early users who were like, I have worked as a line cook for 10 years, and I haven't gotten a raise--Ive only gotten a quarter raise in that 10 years. And so he has asked Secretary Granholm at the Department of Energy to meet with the oil refiners and to have a conversation about what they can do to get prices down. Its been a while. And weve seen more of that play out in the last, you know, decade. If you walk through the streets of Mexico City's hipster. MS. BOUSHEY: Well, what we've seen is that in states that have done a gas tax holiday, by and large, those savings have been passed on to consumers. Who has a seat at the table when it comes to the investment decisions that firms are making is a huge, huge, huge difference. I couldn't add to that. So, I've always wanted to document his recipes in some shape or form. MR. CASE: Well, of course, David, that's all in the book. Like, not my thing, dont want to do it. And so, just going back to that shift, you know, then we saw what's been called the great resignation, as Kris just mentioned earlier. It's going to require navigating some interesting policy aspects. I went to bed, woke up the next morning, had thousands of dollars in my PayPal account. So, it still feels very special. And there's a series of steps that the administration is taking to ramp that up and to make sure that the smallest businesses, the most disadvantaged businesses do have that access. But, you know, thinking about how with procurement you can make sure that those small businesses know how they can supply the federal government, how they can get a contract, how they can sell to the federal government. And it's also just an honor just to see someone grow in a way that you always knew was there. The Entrepreneurial Boom Live Stream During the pandemic, millions of workers quit their jobs, spurring a flurry of entrepreneurial activity and small business creation across the United States. I spent a lot of time in retail. And since you mentioned Congress, I mean, he said time and time again, there are clear things that Congress could be doing that could lower prices for families in direct ways--lower the price of prescription drugs, lower the prices of things like childcare, lower the prices of buying electric vehicles, or heat pumps and these things to make that clean energy transition and help families especially in this time of need. Business founders and policymakers on entrepreneurial equity As we learned in the pandemic, as a system, it doesn't work that well. MS. ZAKRZEWSKI: And you mentioned how this has been a problem that you've recognized for some time. And so, can you tell us a little bit about how QuickHire has responded to that shift and what value you bring to companies during this moment? MS. WALPERT LEVY: The Post, were talking about contributing to the economy, but okay. MR. IGNATIUS: You are going to make it as an author. And a lot of the expertise, the domain expertise in those sectors are in different parts of the country, many in the middle of the country. We receive so many stories every day from our job seekers about, you know, jobs that they've obtained that they've never had before, being able to have higher-wage pay, folks who have been out of the workforce for a long time. MS. WALPERT LEVY: Well, all right, so both of you, in your own ways, have had either rapid or not as rapid but frankly pretty rapid, you had the overnight success with the skirts. And yet, we've been able to see growth continue. The intercept caused the sonic boom heard across the Washington region about 3:10 p.m., according to NORAD. MS. CALDWELL: I cover Congress, and Republicans often say that the administration wants high gas prices, that they want this because they think it is an excuse to move to renewables, to a cleaner energy. So, I think there is some hope that we will see that pass through. MS. WALPERT LEVY: Well, and it's interesting that you went so quickly to it. If there's nobody investing in a place like Wichita, or very few, then the valuation of that company would be lower if that's same company was in Silicon Valley when they're new and starting up. MR. IGNATIUS: So, let's talk about this next wave of venture capital and the dispersion of tech centers around the country. Washington Post columnists and reporters speak with Steve Case, chair and CEO of Revolution, Heather Boushey, a member of the White House Council of Economic . But as far as like how things have evolved, it is the best thing to be on this fight, because it really is. The school was severely underfunded at the time. And also making sure that people are fulfilled. But being able to see her go into like the CEO, we didn't even know where to start when we first started. David Ignatius will then sit down with chair and CEO of Revolution Steve Case to discuss how startups have spread out geographically and the evolving role of venture capital. So that gives me a lot of hope. Mimi, do you want to start with what prompted you to pick up the camera? Thank AI. "Whilst the pandemic . And just from a pure investment standpoint, like wasn't that a great investment opportunity? And there's a bunch of things you need to do to make that--you know, kind of to be that magnet. But there are a lot of great funds that are specifically investing in areas that are underfunded. So that helps. MR. LAU: So for us, it's like I didn't see a--like my business, I was like I don't really see, like, an old Chinese dad sharing recipes in like an English-friendly way. We didn't know what the shape of the pandemic would be. It all depends on what your business is, what your idea is. So, it was mostly an investment strategy to back great entrepreneurs everywhere, but also had this other kind of, we thought, impact in terms of how companies starting in these places could create jobs in these places that would offset, at least in part, the jobs that were going to get lost in those places.
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