Let's continue with the story of

And we covered that a couple of videos ago.

Take a look at these.

Grandfather, the clinic, the foundation,

That's what I'm going to talk about here

All kinds of funds and brokerages.

So what happens?

So, in the first video,

And a closed end fund

But let's say that that's not on the table anymore either.

But that probably had you asking

The company had to raise more money.

If some wants to invest in a fund the fund will sell them the share so they're always dealing with the fund itself in a closed end fund once the fund is created it's share pool is fixed and if someone wants to buy or sell a share it happens in the secondary market so they're buying and selling from each other they're not dealing with the actual fund manager

But I am seeing in the major funders, in CARE, Rockefeller,

I was wondering why she didn't do anything after the wedding.

And it was that that whole philosophy that encouraged me to start my current endeavor called Acumen Fund, which is trying to build some mini blueprints for how we might do that in water, health and housing in Pakistan, India, Kenya, Tanzania and Egypt.

The disadvantage from the fund manager here is it's much less flexible in terms of growing or shrinking the fund

But you're like, no I want to sell them.

JiHoo's?

Now we'll have 2 billion shares.

There were big health innovation funds

Lehman Brothers went into bankruptcy.

So from the public

Every single Harvard employee is now automatically enrolled in a lifecycle fund.

This is just a stressful situation.

Or enough of a loan to pay off that loan.

Let's do that.

The person who runs it nicely describes it as

So he is able to raise 2000

If this is an open ended fund, what is a closed ended fund or do they even exist?

I hope you'll challenge it with courage

Closed end funds and closed end funds on some level are a little bit simpler

I am sorry to hear you say that.

And you say, who wants to buy my CDOs?

And maybe in 10 years they might come back.

But what can happen so you might say well in a closed end fund

And you often see that problem when it comes down to those long lists of all these funds.

We actually showed how this bank got quote unquote bailed out.

No one wants to jump in and give them equity, no sovereign wealth fund.

So we talked about those situations with the sovereign wealth funds.

If you need to buy a house, or if you owe money to somebody so you want to get the value of your share back and the answer with a closed end fund is that you would then go sell your share to someone else so this right here you can trade it

So this program has split into an NGO foundation, a Fab Foundation to support the scaling, a micro VC fund.

The whole green dream because it can be profitable.

It's a part of the Village Development Bank it's not a real bank, but it's a fund microcredit.

And that's interesting.