The Next Tech Billionaires What If?

next take billionaires. We enter Silicon Valley where the smart

money and the start-up can shape lives for decades to come.

Silicon Valley, for the Greek gods of the future, this is the amount

Olympics. Few places boast bigger names or more billionaires to the

Square Mile. We are those crazed people who think that every idea

can happen. Why is this ordinary place in San Francisco at the

cutting edge? I think the Court of Silicon Valley is this creative

energy, a desire to create technology used throughout the

world. It could be the next iteration of computers smaller than

a human hand. Or machines that think like human beings. An idea

can become a billion dollar business. Companies do not focus on

just proffered. The figures on the value of their users and the world.

There is room for everyone to fail. The persistence and a try. Anything

he's really possible in Silicon Valley. A few of the young, bright

and ambitious will be the next tech So you want to make a billion

dollars? You want to change the world? It is Silicon Valley. If you

want to become a billionaire, this is the place to do it. You need a

good idea and someone with a vast amount of money and ready to make a

bet on you. There are a lot of rich people on Silicon Valley. They are

looking for ideas and people with the right balance of brain power,

drive and entrepreneurial spirit. This remarkable volley is there

that night making happens. It may lock look much, there is a real

energy and a lot to learn if you know the right person to ask.

are in downtown. This is really the heart of modern Silicon Valley.

This is the street on which Google started. This is and effectively of

palm drive which goes right into Stanford University. So this is the

place where so many. Comms got started. The centre of the internet

in many ways. This person is an entrepreneur and mentor to those

trying to suck up companies and was recently voted the guy in Silicon

Valley people would most likely to have a be with. What is it about

Silicon Valley that creates his energy? It is about having a

critical mass of people who love doing. They can't help but build

and be useful. They would have to go forward and help mentor other

wood to create something that is useful. If I were to be a

billionaire, move year? No question about it. It could be a good move

to come here. In a quiet suburb in a leafy lane in Silicon Valley, a

group of extraordinary people are trying to do just that. This is the

black box mansion. Where those with big ideas come war all over the

world to make connections. A house full of hope was searching for the

angel investor who might just make them a billionaire. My name is

Kevin. I'm from Uruguay. I'm from Germany. And Betjeman from Austria.

I'm from Poland. And from Germany. For as you like to keep the ideas

secret for now. It is known as stuff mode. It looks like working

from bed. I'm Carlos from the Czech Republic. Ivan Silva killer. I am

on entrepreneur. -- Sabatier. They have developed a mobile phone Apple.

They held businesses on the move. They stumbled across black box on

their way to Silicon Valley. came here with no connections. We

needed money. We ran out of money from the previous projects. We met

this -- the founder of black box. He made some it ructions. It is

about not be you know but who news for you. -- introductions. He

already -- he always says he knows broke of all but Obama does not

know him. How does it make a difference to where you are now?

were able to meet with other people from the field of expertise. And

they were able to provide us with help and feedback and advice. We

were not able to get this feedback in Europe. People are surprisingly

open about their ideas. There is a secret source which makes this

place even more special. Silicon Valley gives people to permission

to payer -- defile. Most investors are willing to invest in

entrepreneurs who failed it took risks and a comfortable in that

process. It is like a big brother house for geeks. Yes. It was once

described as the Playboy Mansion for geeks. People are happy when

they are here because they meet other entrepreneurs from different

parts of the world. The corporation is very enriching to this

entrepreneurs can act of Silicon Valley. There have been enriched.

Straight after the meeting, there had an interview. They went well.

This will complete company for $20 million. There is a lot of money to

be made around here. -- they sold the company.

The Facebook story is the story of Silicon Valley success. Now it is

betting on the next big thing. Inside the vast compass, there art

adorns the hallways. There is a little corner reserved for a little

company called Instagram. You might have used their photo application.

A head full of people with a great idea. Facebook bought them for $0.5

billion. Kevin helped profile and Instagram. He ran a billion dollar

business in a few short years. are the calls to things about value

right now is do can be in college and also a few years later have an

application and a company that affects millions of people. It is

humbling in many ways to realise that anyone in the valley can do

that. That one of the most powerful things about living out here.

Anyone with an idea has a chance to make it big by affecting many

millions of people around the world. The cafes of Silicon Valley are

where the hopefuls pitch and you reach listen. Where both sometimes

strike gold. -- the rich. People recognise that bill in popular

technology is difficult. Most people will fail. When you do

succeed, you can quickly change the war. You can get hundreds of

millions of users. 10 million users is the new one million users. That

is true. The benchmark for success in a consumer software company is

that 10 million people have used your product. If you think about

that, the scale of what that means in terms of species level change

and acted by a handful of people is pretty astonishing. Scale, spacious

level change. A private start-up company based here at NASA's

Silicon Valley Research lab is Bob Richards want to mine guru.

focus of the engineering effort of the Express is that of course the

lender itself. This is the prototype vehicle, but would result

in collaboration with Nasser. It allows us to rapidly test and

develop the software algorithms used to lend on the moon safely.

The first step, winning $20 million in challenge money. To be the first

to land on the surface, deployed a robot and a son back pictures by

2015. This is very high-tech. Most of the topology is actually the

stuff you cannot see. The algorithms and software. He

intelligence in the vehicle. This is though the proportion system is

tested. The vehicle has to learn how to land on the moon itself.

There is too much to -- too much delay control and it from Earth.

This is the corporate plan to mind the Moon. The Moon is has a things

we have not discovered get. There could be more platter metals on the

surface of the moon and all the reserves on earth. There is water

on the moon. It is again George Hill for the Solar System. What is

rocket fuel. -- gang changer. It can support life and agriculture.

It is the first step to making the bin part of our world. What

Sunday in the future, we want to have a more to planetary Society.

This person is the million backing the moon Express. He once advised -

- he has advice for those who want to be billionaires. The way you

make billionaire companies is really easy. Use of 100 billion

dollar problem. You can't create a billion-dollar company Bussleton a

million dollar problem. Education and healthcare and clean energy and

clean water. These are his hundred billion dollar problems. As a vital

part of Silicon Valley, the engine driving all this energy and ideas,

Stanford University. Were the idealism of youth has his space to

think that big, to really ask what They call this university the farm.

It is a great big name, given the close Russia could have with your

money and the technological innovation of Silicon Valley. The

brains of grow here. Quantum physicists are making huge steps to

what is a mystery Science. Technology is that in aid. Such is

the importance of carbon manager does. An amazing material, not just

the drugs sold since we have ever discovered but a key component of

computers of the future. -- carbon tubes. You have to be dressed bride

How is that? It looks good. looks perfect. What is it yellow in

here? This is where we do all of our photo. All of this in this room

is light sensitive. He got his degree last year. He is developing

not only a microcomputer but anatomic size computer, made of

carbon manic tubes. Silicon chips cannot be made any smaller. That is

when Nano chip technology will step in. Computers can continue to

strike in size but also expand in power. What it and any cheap? In is

basically a straw or cheap. It is made of carbon atom so. They are

extremely small. 150 thousandths of a diet of a human ear. There are

lots of them on this disc. They are too tiny to see through a powerful

microscope. He using the materials that were work on, we should be

able to use a very highly energy efficient and fast and a chronic

system. Hopefully, your computer will be able to run a lot faster.

Walton rated less heat and energy. -- using less energy. Stanford

University has a one -- remarkable Entrepreneurs have taken ideas from

the company and turn them into companies like Phillip Parker,

Google, Yahoo. -- Hewlett-Packard. It is an ongoing relationship.

person is the President of Stamford. He is on the board of directors for

Google. He's University raised $1 billion of funding in one ear. The

first time that has ever been done. There is a healthy embracing of

entrepreneurial tradition. And make a difference in the world. There is

a good dose of realism about it. Students understand that great

companies are built around a great discoveries and inventions. Not

just around, I want to be an entrepreneur, therefore I am

successful. That does not do it. Unique that fundamental discovery

or invention that sets you apart. But appreciation for that is

something we try and instil in the student to they have a good

understanding of what it takes to There is a creativity and problem

solving here that he is in everyone. This is the design school at

Stanford. Today is a product that day. Will the students from

different parts of the university were given a challenge to come up

with an idea based on a theme. This is where they are showing of those

ideas today. It is all about innovation, getting people thinking

in a different way, to come up with ideas thought of a walk of life

they going to. The task was to design a concert for a big

department store, is in social networking, technology, anything,

treating different be. This is a photo-booth in the sitting room. Do

you want to be a user? Go ahead and try it. Thank you.This is a camera,

there will be a time. It would take a picture of you, you can see it

and then you can choose similar photo, Senator Facebook, some good

to Twitter, or through text. Sometimes be positive family,

friends, sometimes they wanted on Facebook. I know this looks

ridiculous. I would say you should take it. Thank you. The design

school is designed to teach people who were smarter their own areas of

study to think creatively, to work together, and to broaden their

education for the future. The pace of change right now is tremendous.

With globalisation and the kinds of economic change we are seeing,

things are happening more quickly and with more complexity than they

ever have before. We once it has to be equipped with a set of skills

about solving problems, problems that are not even apparent yet.

have to be smart in many ways. Her a great idea or invention is not

enough. The core of Silicon Valley is a creative energy, a desire to

go and create technologies that I used throughout the world. We have

such a nexus of people already here who were setting examples,

mentoring, advised -- investing in the next generation. It becomes a

cycle. Amid the flickering of lights and the hum of one million

hydrides, one of the biggest library some earth. This is a cloud,

a place were the internet resides, where any question can be answered.

We pour billions of bytes of data into the cloud every day. Working

out how to mind that and interpreted will change the future.

His is one way of visualising what a huge set of data looks like.

These are some of the people making money out of mathematics and hoping

to change the world. 30 years ago we said we would collect this data

and stories in a nice format. What we find ourselves with today is

that there is so much data we do not know what the right questions

to ask are. What the software does it that it finds answers to the

questions that you are not her had to ask. This maths professor co-

founded a company which emerged from a decade of research. He has

raised more than $10 million and has made some amazing discoveries.

Among them, or breast cancer. contains all the people who ended

up surviving breast cancer. dots describe 200 patients. The

bottom five groups are those who died. It is old data, but the

patterns found by the software it minutes have sparked new research

to help diagnose and treat breast cancer. Even as of healthcare,

these works for many areas, will -- including oil exploitation.

Machines are getting so fast they are beginning to think for

themselves. Stanford's artificial intelligence lab is at the

forefront of making smart machines. It is not just about making robots,

it is about making software that recreate a human brain, through

what is called a new role that work. Imagine we had to wake up not

knowing anything and watched YouTube for a week. We were then

asked ourselves what we learn. We had our hypothesis that we would

begin to recognise, like a recurring themes. What it has often

in YouTube? Cats. We looked and found the one of the neurons in the

network had learned to recognise cat faces. After watching YouTube

for a week, the computer created an image based on what had learned.

The remarkable thing was that we had never told that what the cat

was. It had discovered this concept of cats just by watching YouTube.

Not quite taking over the world, but amazing progress. From the

light changed into the -- the life changing, Silicon Valley is has the

ring a tour. The idea is that we wanted to build that price it is a

pair of glasses, they are stylish and have a computer inside. They

can stream video to a mobile device. From there we can have applications

in augmented reality and other interesting spaces. We designed the

product in 3D and then we go into This is a prototype of the glasses.

You can see the lenses are here and the camera is here. It fits inside.

And everything is recorded that to see? Exactly. Video is the

beginning. The new computer we are building also has TPS. It has

biometrics senses in it. Information will appear in front of

your eyes, whether it be that some or advertising. I have heard of

something like this from Google. Is this the same thing? Know. We think

of ourselves as better than what Google is giving. The computer will

have a function of that we believe the consumer will be interested in.

Google may beg to differ. This whole project was to do that here

appears poised quartet shop. It is like a huge workshop. It has a lot

of difference machinery in here. You can make pretty much anything.

Over here, banks of computer screens. People can programme

software, buildings in 3D, and print them out, or use laser

cutters. The reason that people use this is because they want to build

prototypes to start businesses. They have an idea, they build it

here, it is cheap and easy, they concede it works. If it does, they

can then make them on a bigger scale and turn it into a proper

business. It is called the makers revolution. Hobbyists can afford to

build many factoring businesses themselves on the back of good

ideas. It could change the way the whole industry works. A more people

can participate. These manufacturing tools that used to be

hard and expensive, we now has dust of manufacturing, personal many

factoring. All those things that were hard and now easy. Anybody can

participate. We have democratised manufacturing. It is not about

Labour any more, it is about ideas. He has the best ideas and designs?

That can happen anywhere. We excite audiences by making television

engaging. Will come to a real-life version of the apprentice. Fiji

billionaire's practice so than themselves to potential investors.

Our vision is to help people have any faith find the best for for

them. Our friend was worded mentors rating some of them. The founder

institute is a school to start-up entrepreneurs. There is an issue

with a lot of entrepreneurs, they stand around thinking and talking

about his, but not actually building their companies. They want

to be an entrepreneur, but they're not actually doing it. I love the

point of the programme like this is to get them off that, to push them

of that. We can force them to make forward progress. With your help,

we plan to demolish the transportation barrier for seniors.

Jay was to provide a taxi service for the people, with a paramedic

tried in. He had a hard time of it. You're in the programme, you need

to get a grant, this is not bad. comes across as harsh, but it is

very constructive. Why are you doing this? I want to change the

world with my company. This is the way to see the charge that. It will

make sure they are not falling for the common pitfalls that I might

otherwise hit. They are chasing big dreams. Those who have already made

it and doing what they can to give something back. What are the other

lessons from Silicon Valley? It is not all about the money, it is

about changing the world. It is OK to fail here, sometimes it is even

encouraged. The next big idea does not have to be a big secret, you

need to be open to succeed. With that in mind, what will the future

hold? We had to ask people, what if they could predict the future?

we look out far enough, to Rex bring connection of some sort.

We're in the transformation of the shin and species. The future will

be a global economy. Digital countries, not divided by borders.

The next big thing is already here, it is mobile. Robotics will be the

tipping point that will bring robots into a lives. I am convinced