00:00And in the Silicon Valley, Jobs is the classic example of the computer industry's philosophy,
00:04which says, take a chance, you've got nothing to lose.
00:08Six years ago, working in this garage, Jobs and a high school classmate quit their positions at large electronic companies.
00:14Jobs is now only 26 years old, is Apple's chairman of the board,
00:18and is successful, he says, because of the Silicon Valley's entrepreneurial risk culture.
00:23The penalty for failure for going and trying to start a company in this valley is non-existent.
00:28There really isn't a penalty for failure, either psychologically or economically,
00:31in the sense that if you have a good idea and you go out to start your own company,
00:35even if you fail, you're generally considered worth more to the company you left
00:39because you've gained all this valuable experience.
