Not so in Italy.

The nurse said that I could sell them on craig's list, but I just don't know what they're worth.

(Applause)

But, actually, it's suddenly come to me after years working in the business, that what we create in advertising, which is intangible value you might call it perceived value, you might call it badge value, subjective value, intangible value of some kind gets rather a bad rap.

Really, in my mind, it's very similar to depreciation.

You can either live in a world which is poorer, which people in general don't like.

What's also interesting, if you look at products that have a high component of what you might call messaging value, a high component of intangible value, versus their intrinsic value

Now what's our mantra of this day and age I wonder?

In other words, for SuperRabbits, reputation has a real world value.

WikiLeaks or the Pirate Party copied what they had done with TPB.

It's value created by the participants for each other.

I wonder if it's worth it.

Whether I'm worth anything or I'm just shit like others.

But the present value, what does that mean?

Those are values that we all share.

How is she gonna be valuable?

Let me tell you about a truly magical algorithm called value iteration.

They knew it was dangerous.

So I got rid of our calls to valid_month, day and year and user_month just equals what the user actually entered in for month, day, and year.

A book worth reading is worth reading twice.

We just made it explicit.

And my brother and I were raised with all that you really need

Worth zilch.

It's worth twice as much.

It is.

And this value, this is called a well in general, whenever you're valuing anything, it's called a valuation.

If a thing is worth doing it is worth doing badly.

And, we will be adding new features regularly in the months and years to come.

Next thing I learned from Steve Jobs is

They are often quite egalitarian.

And I'll do a bunch of videos on margins in the future.

So in the last lecture, you remember the business model canvas, all the 9 components of a startup.

So this is real estate, or building.

This is 5 million.

But, are we comfortable with that?

The next element is the fact that

What values do you use to judge?

It's really not worth it.

Worth fighting for.

Worth dying for.

Worth killing for.

The money's worthless.

Uncle stefan, this girl you came back for.

It was worth a try.

Not worth a bullet.