President Obama To Entrepreneurs: We Need Your Help

By Jessica Floum
San Francisco Chronicle

WWR Article Summary (tl;dr) The seventh annual Global Entrepreneurship Summit took place this week at Stanford University where President Obama along with aspiring business leaders from around the world discussed how entrepreneurship can solve some of the world’s major issues. From low-income housing to climate change, leaders are calling on young entrepreneurs to innovate.

San Francisco Chronicle

A day after Britain voted to leave the European Union, President Obama told 700 entrepreneurs from around the globe that their leadership is needed to bridge the world’s growing cultural rifts.

“Yesterday’s vote speaks to the ongoing changes and challenges that are raised by globalization,” Obama said.

The president spoke at Stanford University, which hosted the seventh annual Global Entrepreneurship Summit, where aspiring business leaders attended from as far away as Rwanda, Uruguay, Egypt and Pakistan.

“Cultures are colliding,” the president said. “Sometimes it’s disruptive and people get worried. You’re the bridge. You’re the glue. Particularly the young people that are here.”

The summit, held this week in the heart of Silicon Valley, was nonetheless dominated by a sense of chaos in the world’s political centers, from No. 10 Downing Street in London to Capitol Hill in Washington.

On Thursday, when Uber CEO and co-founder Travis Kalanick asked White House senior adviser Valerie Jarrett how the Bay Area’s tech scene compared to Washington, she shared frustration.

Silicon Valley, Jarrett said, is “heaven. You actually get things done.”

Also Thursday, Secretary of State John Kerry called on technologists in the audience to help solve violent extremism, climate change and political corruption.

“There is an urgency to encourage as much entrepreneurial activity as possible,” Kerry said. “My years of experience have taught me an important lesson for these types of gatherings. The best thing the government can do is convene the forum, make sure the coffee is hot and get out of the way.”

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