You'll get your traveling money.

So it gives these shares to each of these people, and they have to contribute 200, so essentially, it puts another 1,000 into the pool, that Pete can now manage, and so now the total NAV for the fund is 2,000 now and Pete will get his 1 management fee off of this entire 2,000.

Your what?

One fundraiser with my pals you'll never need another cent.

They got 10 million dollars.

So my initial equity is 300 gold pieces.

We weren't sure at all. And we managed to convince him.

Let's say my building is worth 100 gold pieces and then I capitalize it with another 200 gold pieces.

We don't know if that's true or not, and he can also solicit funds from the public.

Hey.

And he inspires me because he did, he set it up himself when he was, ah, he got a grant from his grandmother of like 500 pounds, and thirty years later he's still a well known, global brand.

Maybe this'll get you started.

His only source of funds? We got his money.

I met him on the train.

So, as far as getting money for the rocket...

Now, who are they accountable to?

Just about what we got here in the emergency fund.

The capital for this plan was prepared.

Deposits equal liabilities from a bank's point of view.

And we're going to see in future videos there are other funds, especially hedge funds, that one, they can't market, and they can't take funds from the public.

That and money.

So the green is what happens after D comes in, so these are no longer valid.

Many of the technologies out there will not make it to the marketplace.

That is college tuition for Walter Jr and Holly 18 years down the road.

less capital intensive that there's less money that's required

I guess you could say non cash assets, right?

it's like 71 . Right. 7 times 7 is 49 71 .

Let's stick with gold.

So, jobs, basic services, finally, clean government.

Supporting financially

Risk money refers to funds placed in investments that seek high return, although high risk, investments.

These are demand accounts.

To get some future benefit.

No matter how bad it was economically, he always got himself paid.

What is that?

Because diligent investors and venture funds have committed over 7.5 million dollars in funding.

You should enter king of the beats. its a fantastic challenge

Or they just have a super flush bank account.

That's around 130 billion dollars a year it's a lot.

But they also succeed at the job of entrepreneurship.

And investor D thinks he has 200,000.

A big problem with understanding one of those perspectives.

From my point of view I liked the idea of the world's biggest site.

let's have corporations take over, and that's not true.

We've got our funding.