The amount of money you get.

And so with patient capital from Acumen and other organizations,

The government has invested in basic education, has invested in basic health.

So then they funneled even more money.

We said before any of this stuff on the top existed, the pre money valuation of just our idea was 5 million.

Well their intention was to take these home equity loans and put that money to work, invest it in some way.

So we're starting to pay for things with money that we have.

It looks Like it might be a good investment.

Think of the bolt cutters as an investment.

If what we had before is worth 5 million and there were a million shares initially, then the pre money valuation

This is a new opportunity.

Or are you trying to get an intuition for helping to become a better investor?

He valued what we already had at 5 million dollars.

Right, integrity. The key thing.

Tom wished he had put more money into that investment.

I hope you invested if you can't invest in your own thing, why should I?

That is totally wrong. Those of you in the audience here, if you want to help Africa, invest money in sustainable development.

And he's like, you know what?

Owns banks in the Caymans runs investment portfolios for offshore drug money.

Investment

At the time they were mostly losing money.

By the way, I had thought about asking my church's pension fund to invest, but I didn't.

But now we actually built something.

But this matters a lot, right?

Malibu Equity and Investments.

So my equity also went down by 50 .

(Applause)

In a situation where you have growth, you put the new money into this.

So now the Special Purpose Entity is the owner of the mortgages .

What's it like being an investment banker?

You should at least plead for something.

And then, let's say, we have several time periods.

Take all the real investment that went on in the world in 2010.

So we're all tapped out, we're at 100 capacity utilization.

(Laughter) Here's some advice from one of the largest investors in the United States.

Kind of, sort of is people have been nice to you.

And then they give the mortgage to the investment banker, which packages them up and then sells them to investors.

They're valuing these assets at 1 million.

Investing in professional development is not a cost.

As investors flee

Investing.

So you can imagine, this is the actual amount of cash that

Don't be shy of it.

Culture will.

You don't need to beat around the bush.