They are just going alone! (Applause)

It's worth 5 million.

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

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.

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

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?

Japanese corporations are slashing their capital spending programs.

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

If you work for a funding agency or pharmaceutical company,

EM Well, essentially,

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?

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.

The amount of money you get.

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

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.

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

Yes, it's an enterprise.

Those other things are called non state actors.

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.

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

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.

He invested two hundred dollars in a growing business.

The government should invest more money in agriculture.

Investment

That's classified

Malibu Equity and Investments.

Well their intention was to take these home equity loans and put that money to work, invest it in some way.

So they say, you know, we have 10 million and we think this is a hot space, because we know those other VC's across the street also invested in an online undergarment play.

You just need to ask what are core services that are part of your value proposition.

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

Let's say out of this 10 million of assets, let's say that 9 million are operating assets.

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

He valued what we already had at 5 million dollars.

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.