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Speaker 1: An illegal alien from Guatemala charged with raping a child

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Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador

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Speaker 1: accused of murdering a Texas man of Venezuelan charged with

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Speaker 1: filming and selling child pornography in Michigan. These are just

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Speaker 1: some of the heinous migrant criminals caught because of President

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Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States

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Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border

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Speaker 1: crossings are at the lowest levels ever recorded, and over

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Speaker 1: one hundred thousand illegal aliens have been arrested. If you

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Speaker 1: are here illegally, your next you will be fined nearly

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Speaker 1: one thousand dollars a day, imprisoned, and deported. You will

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Speaker 1: never return. But if you register using our CBP home

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Speaker 1: app and leave now, you could be allowed to return legally.

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Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,

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Speaker 1: border and families will be protected.

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Speaker 2: Sponsored by the United States Department of Homeland Security.

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Speaker 3: Today's Story. This episode's story will be on Airbnb.

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Speaker 4: Airbnb, Airbnb and Man amazing story.

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Speaker 5: Phenomenal, phenomenal story.

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Speaker 3: So I'll started off in two thousand and seven, right

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Speaker 3: Joe Yad Drab Gebbia Gebbia and Brian Chesk Sheeshki. They

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Speaker 3: were both twenty seven at the time, right, and they

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Speaker 3: lived in San Francisco. If anybody's not familiar to San Francisco,

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Speaker 3: I believe is the most expensive place to live in America,

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Speaker 3: highest real estate. I'm pretty sure. I'm pretty Susie, No,

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Speaker 3: I think it's more explored than that.

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Speaker 4: Yeah, I'm pretty.

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Speaker 5: Sure it is.

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Speaker 3: So they were struggling to pay rent, right, you know,

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Speaker 3: twenty seven year olds stretch out of college, struggling. So

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Speaker 3: they lived together. They have like a two bedroom apartment.

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Speaker 3: I as soon and it was a big conference coming

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Speaker 3: up in the city of Design conference.

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Speaker 6: So they both come from the Rhode Island School of Design.

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Speaker 6: So there was a design conference and they were planning

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Speaker 6: on a tendon.

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Speaker 3: Yeah, so all the hotels in the city were booked.

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Speaker 3: Because if anybody familiar with San Francisco, San frys School

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Speaker 3: is a very small city. That's why the real estate

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Speaker 3: is so expensive in San Francisco because it's very small. Obviously,

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Speaker 3: you have to look on valley nearby and tech industry.

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Speaker 3: So it's a couple of different things that makes Simranusco

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Speaker 3: so expensive. It's very small, and you're surrounded by the

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Speaker 3: tech industry, which billionaires all around, so land is very scarce.

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Speaker 3: So all the hotels in the city were booked, right,

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Speaker 3: So they have the bright idea to rent out their

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Speaker 3: living room for people that are looking for hotels. They

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Speaker 3: know people are coming into the city and that they're

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Speaker 3: not going to have anywhere to stay.

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Speaker 4: Yeah.

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Speaker 6: I think Joe sends an email to Brian like, hey,

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Speaker 6: I have this idea, and he shows it that a

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Speaker 6: lot of his presconsas is I have this idea. Yeah,

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Speaker 6: you know what, there's no more city, there's no more

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Speaker 6: hotels in the city, there's no more rooms.

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Speaker 4: We got something.

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Speaker 3: So they want to put three airbeds in their living

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Speaker 3: room on the floor, and they are want to cook

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Speaker 3: their guest breakfast.

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Speaker 6: All right, so we're gonna rent the space. We have

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Speaker 6: some space in the living room, three air mattresses. Not

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Speaker 6: only we're gonna let people rent that, but like you said,

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Speaker 6: we're gonna make bread breakfast for them.

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Speaker 5: So the next day they launched a website.

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Speaker 3: The website is called air bed and Breakfast dot com

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Speaker 3: because they give you an airbed and breakfast because they're

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Speaker 3: gonna make you breakfast airbed and breakfast, hence the name Airbnb,

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Speaker 3: but at first it was called airbed and Breakfast dot com, right,

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Speaker 3: So from there they a few weeks later they actually

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Speaker 3: get three people to come and I think they charged

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Speaker 3: them eighty dollars.

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Speaker 4: A night per person per night.

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Speaker 5: Yeah, right, and it worked out for them.

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Speaker 3: And then next year is when they really take off

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Speaker 3: because now they have an idea, they have a business model,

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Speaker 3: we have a website.

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Speaker 6: Before they get to the next year, like they're broke.

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Speaker 6: Oh that it broke, so like that conference came and

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Speaker 6: it left, and they still can't pay the rent. So

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Speaker 6: what they did is they took out as many credit

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Speaker 6: cards as they could. Think he tells the story where

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Speaker 6: he has well he remember he used to have trading

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Speaker 6: cards and slip them in.

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Speaker 4: He had a trading card book. But it was just

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Speaker 4: credit cards.

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Speaker 6: And I think they accumulated like fifteen thousand dollars in

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Speaker 6: credit card that each just to they couldn't take out

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Speaker 6: any more cash advances on their credit card.

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Speaker 3: Cash advances powerful tool, very dangerous tools.

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Speaker 4: We have some stories on them.

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Speaker 5: Yes, that's a different story.

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Speaker 3: Okay, So next year, two thousand and eight, there's a

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Speaker 3: senator that is the talk of politics. His name is

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Speaker 3: Barack Obama, right, so it is he's running for president

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Speaker 3: the first time obviously, and there's the Democratic National Convention

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Speaker 3: which is held in Denver, Colorado. So they gear up

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Speaker 3: for the Democratic National Convention. Yeah, they got another idea

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Speaker 3: today saying okay, this is a perfect I think eighty

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Speaker 3: thousand people were going to come into Denver and not

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Speaker 3: going to be enough hotels, very similar to what they

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Speaker 3: did in San Francisco.

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Speaker 5: But now they want to scale it.

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Speaker 3: So they want to recruit other people to rent their apartments,

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Speaker 3: re rent their homes, and then they get a portion

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Speaker 3: of that and they'll broker it for them.

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Speaker 6: And yeah, the idea was like, we're going to find

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Speaker 6: Obama supporters in Denver to open up their homes for

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Speaker 6: other Obama supporters.

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Speaker 5: Think you had eight hundred listings. They were able to

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Speaker 5: find it.

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Speaker 4: Yeah, they found eight hundred homes and it was great.

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Speaker 4: They made some.

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Speaker 5: Money, they made they made a little bit of money.

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Speaker 4: Yeah someone Yeah not enough, not enough. Yeah.

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Speaker 6: So they still even after the convention, they still broke no, no.

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Speaker 3: Before the convention is over, Before the convention is over.

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Speaker 3: Leading up to it, they have eight hundred homes and

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Speaker 3: apartments that they were able to get people to rent.

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Speaker 3: But they still didn't really make any money, right, I

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Speaker 3: don't know why. I guess it just wasn't profitable for

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Speaker 3: whatever reasons. So now they go to the convention and

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Speaker 3: they have the bright idea as a marketing tool, and

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Speaker 3: they didn't really do this to make money. They did

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Speaker 3: this as a marketing tool to make cereal limited boxes

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Speaker 3: of Cereal. They have the Obama os and they capped

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Speaker 3: then McCain cereal.

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Speaker 6: So the it ties into what they do, right, We're

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Speaker 6: gonna give you the room and how are we going

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Speaker 6: to make breakfast now for you? Because the original thing

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Speaker 6: is like you'll get the room and we'll provide breakfast.

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Speaker 5: But this was more of a pr store.

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Speaker 6: Yeah no, but so he says it in some of

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Speaker 6: his speeches. He's like, look, we had to figure out

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Speaker 6: how we're going to scale breakfast. So are we going

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Speaker 6: to put eggs and ship.

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Speaker 4: It to people? No, We're gonna make cereal.

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Speaker 6: So what they did, like I think Joe Gebia does,

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Speaker 6: is he goes to like the cheapest places he can

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Speaker 6: find cereal.

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Speaker 4: So he goes to like dollar stores and buy Cereal

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Speaker 4: and they press.

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Speaker 6: Up these pictures like they go to an architect like, hey,

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Speaker 6: we need you to draw this picture. So they have

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Speaker 6: Obama and they have McCain on the Cereal box and

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Speaker 6: they make it limited.

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Speaker 5: Edition, limited edition.

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Speaker 6: Yeah, and each box has like the numbers, so if

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Speaker 6: you bought one, you know that you have four out

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Speaker 6: of five hundred, because I think they.

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Speaker 4: Only did a thousand buses eight thousand boxes each.

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Speaker 6: Each candidate got five hundred boxes, so they put like

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Speaker 6: like four out of two hundred or five out of

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Speaker 6: two hundred, so everybody had a limited.

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Speaker 4: Number on their box.

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Speaker 6: Okay, the brilliant thing is that we know boxes of

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Speaker 6: Cereal of course like four hours at the most, sometimes

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Speaker 6: a little bit more super size.

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Speaker 4: They charged foty.

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Speaker 3: Dollars for the box and they made thirty thousand dollars,

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Speaker 3: So they made thirty thousand dollars off cereal and that

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Speaker 3: was enough to propel them.

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Speaker 1: An illegal alien from Guatemala charged with raping a child

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Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador

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Speaker 1: accused of murdering a Texas. Man of Venezuelan charged with

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Speaker 1: filming and selling child pornography in Michigan. These are just

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Speaker 1: some of the heinous migrant criminals caught because of President

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Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States

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Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border

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Speaker 1: crossings are at the lowest levels ever recorded, and over

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Speaker 1: one hundred thousand illegal aliens have been arrested. If you

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Speaker 1: are here illegally, your next you will be fined nearly

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Speaker 1: one thousand dollars a day, imprisoned, and deported. You will

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Speaker 1: never return. But if you register using our CBP home

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Speaker 1: app and leave now, you could be allowed to return legally,

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Speaker 1: do what's right. Leave now. Under President Trump America's laws,

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Speaker 1: border and families will be protected.

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Speaker 2: Sponsored by the United States Department of Homeland.

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Speaker 3: Security next year going forward, where they finally got the

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Speaker 3: business off the ground, off and running, and then they

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Speaker 3: were able to get substantial amount of money from an angel.

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Speaker 4: Investor, some seed money, some seed money.

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Speaker 3: Then in twenty eleven they get even more money from

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Speaker 3: Ashton Cusher.

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Speaker 4: Yeah legend. People don't He's made some brilliant moves.

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Speaker 5: People don't even remember him.

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Speaker 4: Pump was it pumped? Was that the show punked? I

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Speaker 4: think that's what the seventy show?

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Speaker 3: First they show punked. He had this movie called The

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Speaker 3: Butterfly Effect.

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Speaker 4: I was just yeah, that was a decent movie. And

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Speaker 4: then he married the Demi Moore.

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Speaker 5: Right, he was married to Demi.

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Speaker 4: Moore and now he's married to me La Kunis Okay.

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Speaker 3: Ashton Kushier. Not to get off topic here, but the guys.

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Speaker 5: Are genius, right, make good movies.

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Speaker 3: He's angel investor. He's a Hollywood A list celebrity who,

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Speaker 3: at the peak of his career, decides to switch his

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Speaker 3: focus and become an investor in tech companies. Some of

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Speaker 3: the companies that he invests in early Spotify, Airbnb, Uber, Twitter,

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Speaker 3: and now Ripple Yes cryptocurrency. Ripple So Aston Kusher comes

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Speaker 3: in twenty eleven, gives them money.

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Speaker 5: And then they skyrocket Skyrocket.

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Speaker 6: It gives them money to hire more staffing. They go

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Speaker 6: staffing the United States to now Europe. Officers become global Global.

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Speaker 3: Their current valuation is thirty eight billion dollars.

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Speaker 6: Wow, yeah, I think so. They're both founders, three founders.

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Speaker 6: They're each worth four billion dollars four billion. They're under

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Speaker 6: forty years old.

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Speaker 3: Yep, thirty eight billion dollar evaluation. The reason why I

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Speaker 3: like this story is because it highlights if you are

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Speaker 3: an entrepreneur, you have to do whatever you have to do.

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Speaker 3: You have to hustle at all courts. Right, So they

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Speaker 3: starting an idea to put air mattresses in their living

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Speaker 3: room and they make people breakfast.

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Speaker 6: Nobody believed in them, like they took this to Silicon

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Speaker 6: Valley and had twenty investors.

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Speaker 5: No, it's laughable if you take No.

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Speaker 3: If you think about it, right, you're putting three air

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Speaker 3: mattresses in your living room and you're gonna make people breakfast,

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Speaker 3: and you're gonna name the company Airbed and Breakfast.

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Speaker 4: They said. They laughed at they that's not a joke.

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Speaker 4: They laughed at them, and they said, this is never

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Speaker 4: gonna work. They had twenty investors.

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Speaker 6: Ten of them didn't respond to their emails, five of

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Speaker 6: them met with them, and the other five sat down

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Speaker 6: and had a tent in a conversation, all of them

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Speaker 6: said no, none of them believed in it.

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Speaker 3: And then right nobody believed in it. And then when

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Speaker 3: all else fails, they realized that they have to go

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Speaker 3: to plan B and they sell cereal.

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Speaker 6: And that's what gets the money from the seat investors.

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Speaker 6: They're like, if you can sell cereal to people at

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Speaker 6: four hours of box, you must.

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Speaker 4: Be on something.

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Speaker 3: If one hustle isn't working, you got to switch.

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Speaker 4: It, right.

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Speaker 6: He said that his mom would call him like, wait,

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Speaker 6: I thought you guys were a chain of like hotel services.

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Speaker 6: Like you're selling cereal nowt here a food company now,

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Speaker 6: So whatever we have to do.

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Speaker 5: To get this money, whatever by any means necessary.

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Speaker 4: Yeah, But it didn't.

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Speaker 6: Like I said, it didn't work at first, and they

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Speaker 6: had to go to the drawing board and one of

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Speaker 6: the things they said they met an investor, and he

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Speaker 6: was like, go meet your people, And what that really

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Speaker 6: meant was like, why isn't it working? And they found

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Speaker 6: out that when they went to some of the places

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Speaker 6: that they were listing, they realized that the people weren't

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Speaker 6: taking great pictures. It wasn't displaying the homes like they should.

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Speaker 6: So they said they went to New York and they

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Speaker 6: went to Manhattan and Brooklyn and they went to each

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Speaker 6: listing and said, look, here's the camera I want you

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Speaker 6: to use when you take these pictures. And from that

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Speaker 6: moment important too, because you.

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Speaker 3: Know when we say all right, we give you guys

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Speaker 3: these case studies. So when you go to like business school, Harvard, yeah, whatever,

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Speaker 3: top business school, Boarden, they go through case studies, right,

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Speaker 3: and it's entertaining stories, but it's more so it's education.

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Speaker 5: Right.

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Speaker 3: We're not just giving you these case studies just to

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Speaker 3: entertain you. Hopefully you can learn something from it and

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Speaker 3: implement it in your business, whether you sell T shirts,

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Speaker 3: whether you're a barber, whatever, you can learn from other

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Speaker 3: people's success stories and figure out a way how you

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Speaker 3: can copy what they have done.

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Speaker 5: Right, there's nothing wrong with it.

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Speaker 3: Becase what they have done or inspire you or gain

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Speaker 3: some type of insight. So I just want to leave

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Speaker 3: that because you know, we give a lot of these

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Speaker 3: stories and they are entertaining, but it's not just a

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Speaker 3: bedtime story, like it's for actual action, like to take action,

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Speaker 3: to leave some inspiration. So hopefully that story, to me

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Speaker 3: at very least is a very inspirational story for a

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Speaker 3: few different reasons. But I just feel that stories like

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Speaker 3: that really, you know, give you a push to keep

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Speaker 3: going because it's not going to be easy in any

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Speaker 3: type of business that you do.

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Speaker 6: Two thousand and seven, nobody believes in them. Two thousand

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Speaker 6: and sixteen, they become the official sponsor of the Summer Olympics,

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Speaker 6: like this brand that nobody believed in. So like that,

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Speaker 6: that's to tell you, like, just be persistent from thirty

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Speaker 6: believing yourself.

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Speaker 3: From broke to thirty thousand cereos to thirty eight billion

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Speaker 3: valuation in ten years.

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Speaker 4: And anybody can do that. Yes, anybody can be a host.

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Speaker 4: So it's like if you have space, like like anybody.

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Speaker 3: It's it's disruptive idea. They disrupted the hotel industry, which

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Speaker 3: was the same for one hundred years. So if you

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Speaker 3: want to find the next big thing, see what hasn't

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Speaker 3: been changed in the last hundred years and find a

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Speaker 3: way to disrupt that.

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Speaker 4: And look across, look across, like the people around you

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Speaker 4: might be able to help you.

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Speaker 5: Yep, right, that's another lesson.

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Speaker 6: He reached out to his friend who was from the

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Speaker 6: same design school. He reached out to another friend that

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Speaker 6: was a web developer. That's how they got the site up.

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Speaker 6: And then the person who gives them the seed money

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Speaker 6: actually came from came from the Rye Island School of Design.

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Speaker 6: He was like, wait, let me at least have a

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Speaker 6: meeting with these guys since they came from our school.

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Speaker 6: And that's how it starts. Man reach across.

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Speaker 1: An illegal alien from Guatemala charged with raping a child

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Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador

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Speaker 1: accused of murdering a Texas man of Venezuelan charged with

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Speaker 1: filming and selling child pornography in Michigan. These are just

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Speaker 1: some of the heinous migrant criminals caught because of President

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Speaker 1: Donald J. Trump's leadership. I'm Christy Noman, the United States

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Speaker 1: Secretary of Homeland Security under President Trump, attempted illegal border

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Speaker 1: crossings are at the lowest levels ever recorded, and over

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Speaker 1: one hundred thousand illegal aliens have been arrested. If you

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Speaker 1: are here illegally, your next you will be fine nearly

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Speaker 1: one thousand dollars a day, imprisoned, and deported. You will

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Speaker 1: never return. But if you register using our CBP home

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Speaker 1: app and leave now, you could be allowed to return legally.

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Speaker 1: Do what's right. Leave now. Under President Trump America's laws,

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Speaker 1: border and families.

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Speaker 2: Will be protected. Sponsored by the United States Department of

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Speaker 2: Homeland Security,