I was in Southern California

(Laughter)

I'm talking about all companies.

Audio by Bob Hates Frank

You found something. It can be private or public.

(Which was very likely true.)

Down, down, down!

So that's a nice thing to keep in the back of your mind, this return on asset concept, and it's very closely tied to operating profits and the actual assets of a firm.

Thus The Pirate Bay isn't idealistic.

But we are about so much more.

How do you monetize that?

Minus 500,000.

This was interest. This was non op income.

And then I was left with 1 million.

We have two rulebooks.

But here you see it means very, very different things.

So here's is a system changer, and it seems to be catching.

And these metrics will tell you that.

And you can see an image produced by this consortium.

I'm going to just end with a positive, nice little story.

I showed this slide to Larry Page, who just joined our board.

Let me write that.

Essentially you can almost fueled on interest to the owner of the Mortgage Backed Security.

NG

Up and down in a second. Up, down, up, down...

He has done this for profit.

He did it for the money.

So we've already made a partnership, set up through somebody from the TED community,

Then it should be plainly legal for Russell to make a remix,

CA You've got a company set up to ...

We are not selling Freedom Boxes, we are a non profit organisation.

Down

Down.

That's what it is generating.

Tell us about what Benetech does.

So explicitly for the purpose of this class, I'm eliminating nonprofits.

And then, how much am I making from the business now?

This is really important to pay attention to, because so many people say, oh, a company made this much.

At this moment, I knew the girls needed a way to connect with their fathers.

Touchdown! The Fighting Frogs have won.

That can be generic manufacturers.

But in general if you take EBlT and you take out the non operating income, you get back to operating profits.

And so their operating profit, the amount of pre tax income, but you know, we're not considering financing either, so this is their operating profit or their EBlT.

And let's say, assume if I inherited this million dollars, I didn't finance it.

That's an important fact, because it tells us that in 40 years, the nonprofit sector has not been able to wrestle any market share away from the for profit sector.