Robert Smith, Vista Equity Partners; PPP & Minority-Owned Businesses

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2 • 543 Ratings

🗓️ 25 May 2020

⏱️ 18 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Robert F. Smith, Founder, Chairman and CEO of Vista Equity Partners discusses his role working with the White House on the roll-out of PPP, and how to get the loans in the hands of the most in need, including minority-owned small businesses. Plus, Restaurateur Cameron Mitchell, founder and CEO of Cameron Mitchell Restaurants, discusses adapting to the “new normal” as businesses reopen. Cameron Mitchell operates over 30 restaurants across 12 states.

Transcript

Click on a timestamp to play from that location

0:00.0	This is
0:02.0	C.N.C. producer Katie Kramer.
0:04.0	Today on our podcast,
0:06.0	Private Equity Giant and richest African American
0:09.0	billionaire Robert Smith on getting loans to entrepreneurs.
0:12.0	More capital needs to be driven, frankly,
0:14.6	into the small businesses' hands
0:16.5	and probably give them a little more flexibility
0:18.5	in terms of how they spend it.
0:20.2	And how to leverage technology for a digital future.
0:23.0	I think we should think about what are the most effective ways for us to educate our population
0:27.6	to drive forward into the future of opportunity. Plus when reopening is on the menu, Cameron Mitchell Restaurant's founder and CEO laid off
0:37.1	thousands of workers now he's opening doors again.
0:39.7	I think we're going to survive but it's going to be a while before we get out of the hospital.
0:44.0	It's Monday, May 25th, happy Memorial Day.
0:47.0	Squawk Pot begins right now.
0:48.8	Robert F Smith is the founder, chairman, and CEO of Vista Equity, which has $57 billion in investment capital.
0:58.0	Vista is the fifth largest enterprise software company in the world as well and oversees more than 60
1:04.1	portfolio companies that employ more than 70,000 people around the world.
1:08.1	Smith is also the first African-American to sign the giving pledge and he was
1:12.3	recently awarded the Carnegie Medal of
1:14.1	philanthropy he's on many lists as the wealthiest black American and lately he's been
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.