The mayor's having a fundraiser.

We met at a certain place in the city.

We became citizens again.

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.

Maybe if I do it on a small amount,

The troll market! The troll market?

Xigi is a new community site that's built by the community,

So 26 minus 23 is equal to 3.

In this market?

Now what does that result in their valuation, or in terms of their market cap?

This market has hurt even the best of companies.

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

That's essentially the market's sense of what this number really is.

Because when the company needs to raise money, that is used as kind of the fair market value of a company's shares.

Philanthropy is the market for love.

The stock market is often called a dangerous one.

It turns out that the type of market changes everything.

This is a photograph of the Bristol and District

Remember, there's a difference between book value and market value.

Slave market?

That one? Is that one the best?

By the way, what market type are you in?

But I think the truth is the exact opposite.

Well, it's interesting.

And all of that's great, and it's fine.

Let's say in one part of town, there's some type of a market.

And I'll do a bunch of videos on margins in the future.

An Orion slave market.

One of the things I just want to reemphasize because we mentioned it earlier is the difference between single sided markets and multi sided markets.

If it had 10,000 shares, and actually both of the shoe companies had 10,000 shares, then the market is essentially valuing the equity of Ben's shoe company at 215,000, even though the book value of the equity was 135,000.

So what you do is you multiply these numbers to figure out, what is the market value or the market capitalization of the company?

I will go to the market.

Ben has actually done a good job of saying the market value of his inventory, the market value of his equipment.

Another is where you take a segment or re segment an existing market.

The value of this debt is 100,000.

One is existing market.

City name of geographic location.

That gives us 120,000 market cap

Black Market.

Maybe I know a whole new market.

The city council meeting is a great place to sound off.

The parent company, Wometco, is one of the strongest in the petroleum market.

I mean, Adam Smith, already writing in the late 18th century, said,

Look, the big one is holding up the payroll sack. ( gunshots ) ( tires squeal )

So, the story that most people know is the story of free or open source software.