What do you mean, to a distributor?

Okay, so he's a distributor.

I turned him out at the streetlevel, but this dude's like the Jeffersons moving' on up.

So for some industries, distributors play a pivotal role in the distribution of the product.

A retail merchant buys wholesale and sells retail.

Major drug trafficker in Panama. He was supplying to someone on this aircraft.

I sell it for 100.

Wholesale prices had been basically flat.

Yes. Yes. That's what we need.

loans together and it folded it into a big, kind of did it on a wholesale basis it's sold a thousand

So, six people cannot eat all of it.

On it.

And if ever, one day, this guy wanted to sell his share of

What I'm trying to say is that he's a distributor, right? He's a...

Poison gas factory?

led to the birth of the futures market, and the underlying system of grading grain and receipting issuing warehouse receipts on the basis of which trade could be done.

You know, that actually might make sense.

Let's say the market is out here to the left.

They're worth 10, or so you say.

We're not in tijuana haggling over a blanket.

I started to realize, begging would not be the solution.

The troll market! The troll market?

And then it makes natural gas, which then goes back into the city to power the fuel for the cooking for the city.

Think about what you might pick.

And that's often done with an initial public offering.

And so forth and so on.

They get the exclusive property rights to control the drug selling.

Espionage.

The wholesalers might try to back out of the deal.

So in summary, the questions you want to ask are how big can this be, how much of it can we get, what's the growth rate of the market, is the market itself declining or is it in flux or is it taking off? and most importantly here is talk to customers and the sales channel, and next important is you can get some pretty good market size estimates by competitive approximation if it's an existing or resegmented market, or even if we're going to clone a market outside the US.

Alan Marciano.

Thirty years later, mountain bike sales and mountain bike equipment account for 65 percent of bike sales in America.

People were already making handicrafts, jewelry, or something else and they had where to sell

Their brains will fetch a handsome price

Maybe if I do it on a small amount,

Slave market?

We are overwhelmed with natural gas.

So let's see, the first thing is I borrow one share, as I've done there.

Our job in an existing market is simply year after year, if we execute pristinely, simply to take share away from the incumbents.

lifecycle adoption curve popularized by Geoff Moore in a book called Crossing the Chasm.

People who were engaged in market activities began to collect, began to accumulate private wealth through engaging in the markets, through selling goods and buying food.

I will go to the market.

In this market?

And frankly, they could've sold that 100,000 house for 250,000.

What would be left over if I were to liquidate at the market price, if I were to sell the house at the market price?