I ran to my computer to send it to the IMF official.

I have to go jump on a conference call, so...

Yeah, it sounds very tempting, but Berenson needs me to update these financial models for the meeting with the foreign investors.

They're valuing these assets at 1 million.

As investors flee

I'm bringing 5 million cash to the table,

Then I hop on a bus.

Malibu Equity and Investments.

No phone calls, no visitors, no meetings, no politics.

So lifetime value needs to be greater than customer acquisition cost.

And I'll show you why that matters in a second.

Big investors.

I'm sorry. Mr. Beneke's on a conference call.

This is the total actual value.

Just Manic Enough.

The phone number for the Thursday evening phone conference is 415 904 8873.

Malibu Equity and Investments. Roger Van Zant.

He valued what we already had at 5 million dollars.

By the way before we go forward, this is one point I want to mention.

And in fact, in a way, it almost took down your empire at one point.

So you can imagine, this is the actual amount of cash that

If there are investors willing to finance

And we allow entrepreneurs to share a percentage of their revenues.

That's what we started off with.

On the equity side of the equation we just have four million shares.

I went to these meetings I was asked to go to.

So essentially, instead of Countrywide being responsible for my loan, my payments now go to these investors.

But now we actually built something.

We used the transcripts of the recordings of telephone conversations.

I forget all the different qualities of debt.

Or are you trying to get an intuition for helping to become a better investor?

So he'll give us another 5 million. He'll essentially get 50 of the company.

Craigslist went black.

We said before any of this stuff on the top existed, the pre money valuation of just our idea was 5 million.

(Laughter) Here's some advice from one of the largest investors in the United States.

And we start getting to the negotiation.

So this is my slice down here, 200,000.

So let's say he convinces investor B to join in.

I think it was at 7.50 a share.

And of that share, we have 2 million shares outstanding.

It was a marriage meeting.

So let's say I have investor A.

That they're reducing volatility.

And that worked out pretty well.

The way they treated you when you were caught.