They're valuing these assets at 1 million.

As investors flee

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

Big investors.

Just Manic Enough.

He valued what we already had at 5 million dollars.

I had this horrible little set of tools, and I felt like

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

This is the total actual value.

We're going to assign a paralegal from our accounting department...

The day before the event,

But seed investors so there's a lot of words for it but seed investors are usually VC investors who are actual professionals at what they do.

I do, there's a particular pebble in my shoe, who represents my investors.

And we really want to quit our jobs.

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

But there's a main difference

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

A T is a trigger. A stands for action. R stands for reward.

If there are investors willing to finance

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 we allow entrepreneurs to share a percentage of their revenues.

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

And so plastic comes from oil, so I phoned up BP and spent a good half an hour trying to convince the PR office at BP that it would be fantastic for them if they flew me to an oil rig and let me have a jug of oil.

Did you know that 40 percent of the wealth created in Africa is not invested here in Africa?

Eduardo was the president of the Harvard Investors Association, and he was also my best friend.

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

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

He had originally given us 5 million.

They are just going alone! (Applause)

But now we actually built something.

What's it like being an investment banker?

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

I want it go to the needy.

CA What's the bottleneck preventing this stuff getting from scale?

The amount of money you get.

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

And of course the investors would care that the money that they're essentially giving because they're giving money to the investment bankers who are giving money to

CA And now you're a big investor in that and bringing that to market?

And then, let's say, we have several time periods.

So let's say I have investor A.

That they're reducing volatility.

There you go.