Banking.

What do you care about?

I'm an entrepreneur.

There are also financial reforms in rural China.

So what opportunities will you go after and why?

I'm an entrepreneur.

The second thing in India has been the change in the role of entrepreneurs.

He also founded the companies.

But kids, you can see these signs in them.

I look at even my family.

Right?

Here is where we want you to channel this money.

So essentially, these banks have a bunch of assets.

From a rich London banking family, He graduates top of his class from Oxford at 26.

Suddenly big things can be done for love.

You can see a bit of the same thing happening in the business world.

Well the British government did a model of telecommuting.

Let's just take a look at the last piece which is why you're here.

I'm not saying don't get kids to want to be lawyers.

So, prizes work great.

There is a problem with community meetings.

We have helped to start 40,000 businesses.

When we're told that banking is a very respectable profession, a lot of us want to go into banking.

Whether people will continue to loan them money.

And the second is very counterintuitive you can get the best people in the world.

The last example is from our friends at DEC.

And Beethoven figures out that in fact there's a new market.

Had the wrong idea I thought that we can be a bank.

This idea of scale is critical.

Rather than sit with Ugandan (Applause) rather than sit with Ugandan entrepreneurs,

Right?

What's it like being an investment banker?

The government owns car companies, banks are defaulting on their own banks.

It never stops.

(Laughter) So, a normal commercial bank has nine to 10 times leverage.

The Culture of Entrepreneurship

Most people say women.

And they're finding new ways of helping to solve society's oldest problems.

Planning is actually incompatible with an entrepreneurial society and economy.

They borrowed it from their local mortgage broker, who then sold it to a bank, or to an investment bank, who created the special purpose entity, and then they IPO the special purpose entity and raise the money from people who bought the mortgage backed securities.

(Laughter)

He is an able banker.

And this match, again, is called product market fit.

How am I going to start my business?

In fact, those individuals he talked about who were poor was sort of a side note.