The person who runs it nicely describes it as

And a closed end fund

(Applause)

No more than I already gave you.

And we are operating with a comprehensive urban planning deficit.

There isn't a problem with global warming any longer, so we can you know, they're funding.

(chuckles) meaning same promotion, but here in d.C.?

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

So it's pretty clear that if you were raising around to capital, going to friends and family or crowdfunding like Kickstarter or angel capital or venture capital or corporate partners, all kind of make sense for financing.

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

His project was funded by grants.

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

The service is (Applause) fully self sustainable from its own revenues, without accessing any public funds, and the cross subsidy model actually works, where the rich pays higher, poor pays lower, and the accident victim is getting the service free of charge.

Let's continue with the story of

And we covered that a couple of videos ago.

Um, I wanted to find out more about the 40,000 I get for signing up.

Take a look at these.

The majority going to something we call the Legacy Fund.

So this was extremely embarrassing.

And what I've found is, rather than investing their money in food subsidies and other things, they invested in a school feeding program.

Grandfather, the clinic, the foundation,

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

All kinds of funds and brokerages.

The grant. The Berger Grant.

So what happens?

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

So, in the first video,

That's the way he does, said the little Quakeress, laughing.

Some... student looking for financial aid.

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

But that probably had you asking

The subsidy may be well intentioned to try to get the industry to get going on its own but that's usually not the way things work.

I have a study grant. You will be permanently glad.

She sells chocolates.

The advantage is this fund manager doesn't have to keep cash around in case the share holders want to redeem

Octal paid a large grant for the researchers to carry out some market research.

I walked into the Carnegie asking for a grant.

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

They pray, grant thou, lest faith turn to despair.

That's funny. Seriously, Reed, it could help subsidize your little inventions.

There's a lady over there as well who lost her legs in this bombing.

The company had to raise more money.

lobbying on the part of war profiteers.

I saved that man today.

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