You are listening to the DFJ Entrepreneurial Thought Leader series, brought you weekly by the Stanford Technology Ventures Program.

You can find podcasts and videos of these lectures online at eChorner.standford.edu.

Good morning, Stanford. I'll tell you, seeing so many students up this early in the morning is really a great experience

for the president of the university.

And I'm so delighted you're able to join us here, and I can tell you're going to be in for a fascinating discussion this morning.

If you think about our university and what makes it unique, it is that bold entrepreneurial

spirit, that pioneering spirit that Jane and Leland brought to us when they marched across

the country to come to the West Coast and help found this university.

Today we remain committed to pursuing opportunities that will change the world,

to using our knowledge in important ways to work on the grand challenges we face.

But that entrepreneurial spirit is about more than just launching the next startup.

It's also about training and educating people who will go out and make our world better.

And those innovations come in all walks from the medical care we do

and new ways of dealing with help problems, to energy efficiency, to robotics, to art, to everything we do.

But every innovation begins with an idea, and every idea began with somebody who imagined it.

And that's what today is about.

The Stanford Technology Venture Program's Future Fest is an opportunity to examine and celebrate the impact of breakthroughs and pioneering technologies on our world.

And I'm delighted you could all join us this morning.

This is organized by STVP in collaboration with Stanford Arts,

the Future Fest, will be the place where discussions about futuristic technologies occur.

And today we'll hear from two far-thinking individuals, Alon Musk and Steve

Jervitzen. Steve is a Stanford alum and a partner at Draper Fisher-Jervison. He was recently

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