They are just going alone! (Applause)

It's worth 5 million.

And of course the pre money valuation is just you just take the pre money valuation plus the amount of cash they're giving us.

An investors' group is attempting a leveraged buy out of the firm.

Whether people will continue to loan them money.

We essentially sold them at 10 a share.

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

So it's a very different scenario depending on what our pre money valuation is.

Japanese corporations are slashing their capital spending programs.

I'm eager to be allowed to do more private sector investment.

CA What's the bottleneck preventing this stuff getting from scale?

So the combined assets, if you believe that this is worth 5 million, is now 10 million, right?

But he said you know Nempo...

And when nations cheat in trade, there will be unmistakable consequences. Applause

So going back to what we were talking about, what is the post money valuation?

If you work for a funding agency or pharmaceutical company,

EM Well, essentially,

One of the greatest things that could happen to a startup is a large company says,

Howard Winklevoss founded a firm whose assets are in the hundreds of millions.

Major technological advances are needed, as well as political will and co operation, massive investment, international consensus, the retrofitting of the 45 trillion global economy, including transportation, manufacturing industries, and agricultural systems, as well as officials competent to manage the transition.

Because after all, if you look at the context, 1.6 trillion dollars has been invested in the past eight years from the private sector globally, and every dollar represents a job, and where are those jobs going?

And so after that offering, well, our pre money valuation was 30 million and our post money is now 40 million.

EBlT in this case would be the operating profit plus this investment income.

Before you think about how the company is paid for or how it's funded, if you just think about the enterprise itself, the assets.

So no matter what I do, between the pre money and the post money valuation, my per share value doesn't change any.

And I get all the time entrepreneurs who are going, Yay! Look!

Yes, it's an enterprise.

The amount of money you get.

And we'll talk a little bit more about assets and enterprise value, and there's a little bit of a nuance there, but essentially the company itself.

And since we want to know what this is worth this is before we got any kind of money from investors this would be called a pre money valuation.

And let's say Vikram is selling 380,000 cupcakes in a year.

He invested two hundred dollars in a growing business.

I've been a huge fan of enterprise and entrepreneurship since 1993.

Those other things are called non state actors.

The last area is profit itself.

So once again we get into this what is the company worth right now?

The government should invest more money in agriculture.

Investment

And do you love what you do, Caroline?

And when I go to Germany, they say, Oh yes, this is the German disease.

Which company?

He works in emerging markets.

Now, who are they accountable to?

That's classified

Instead, since we are the board of the company, we issue another million shares, so we double the share count and we give it to him.