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Goldman's Blankfein on Power of Entrepreneurs

Wednesday, 24 Oct 2012 | 3:28 PM ET

CNBC

Goldman Sachs' Lloyd Blankfein is focused on the next generation of entrepreneurs at its inaugural Builders and Innovators Summit in Newport Beach, Calif.

"We try to identify entrepreneurs, wealth creators, job creators. We provide advice, we provide financing, we help them build their businesses," Blankfein said in an exclusive interview.

He also said Goldman is trying to help businesses, like eyeglass company Warby Parker and Method home cleaning products, grow by introducing their founders to CEOs, for conversations about what it takes to scale a business and how to deal with failure. (Watch: Method Co-Founders Talk About Reinventing Retail.)

Goldman Sachs brought together what it calls the 100 "most intriguing entrepreneurs" across industries, along with entrepreneurs of an older generation, like Larry Ellison of Oracle, DreamWorks Animation's Jeffrey Katzenberg, and Reed Hastings of Netflix, along with thought leaders like former President Bill Clinton, former Secretary of State Condoleeza Rice, and author Deepak Chopra. (Watch: Samasource CEO Talks About Social Entrepreneurship.)

Goldman's Blankfein on Building Innovation
Lloyd Blankfein, chairman & CEO of Goldman Sachs; Neil Blumenthal, Warby Parker co-founder; and Premal Shal, Kiva.org president, talks about business innovation and entrepreneurship, with CNBC's Julia Boorstin.

We spoke with Blankfein about why he's convening such a wide assortment of executives and where he sees them going. As for the IPO market in the wake of Facebook's IPO debacle, "everyone will try to learn from what mistakes were made."

(Read More: 'There Will Be Compromise' on the 'Cliff': Blankfein.)

Watch the video to see our interview with Blankfein, Warby Parker co-founder Neil Blumenthal and Kiva.org President Premal Shah.

—By CNBC's Julia Boorstin
@JBoorstin

Questions? Comments? MediaMoney@cnbc.com

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  • Working from Los Angeles, Boorstin is CNBC's media and entertainment reporter and editor of CNBC.com's Media Money section.