Remember, it's free none of us are making any money on this thing.

Yes, it's an enterprise.

But let's say its assets are worth 1 million.

Each share in this case once again, if you believe that the assets are worth 1 million are going to be 1 million.

Whispers Where's the selfhelp section?

Now, that was the purchase price of the house.

So immediately, they have 20,000 equity and an 80,000 loan.

It has no liabilities.

So this is all equity.

And by the use of pitching PowerPoints to VCs,

The Expo is your ego gone crazy.

So the asset value is all in equity.

The market is saying, this company's worth 10 million.

How much equity do they have?

Selfstimming is self comforting.

Now there are three levels of self to consider the proto, the core and the autobiographical.

EM Well, essentially,

Now, Darwin taught us that there are processes of self organization that suffice to explain all of us and everything we see.

Or who we really want to be, or should be?

So, think about the story of JSTOR.

He invested his money in stocks.

We did it ourselves

I met him on the train.

But the novelty is here.

And the MVP is not an alpha or beta. This is a big idea.

So the big difference open ended fund when an investor wants their money back they have to deal with the fund itself the fund will buy back their share

Self sign

Self Association

Collaboration Self Message

Sequence Self Message

Opposable thumbs

He hates himself.

Now, who are they accountable to?

I worked after for an investment bank.

Now the modern sector, of course, is where a lot of the development aid and resources went into.

That and money.

My history wasn't right.

And when I'm acting a role,

We did a screening in Germany

And we'll introduce debt later, because that's another variable that a lot of people don't think about when they

The three is it's such an interesting vision or such a bad vision, but it can't attract sufficient capital to get started and it's maybe too expensive to fund on your own through your own resources.

less capital intensive that there's less money that's required

Samuel Pierpont Langley was given 50,000 dollars by the War Department to figure out this flying machine.

I guess you could say non cash assets, right?

So, they gain independence from the sponsor, and start funding themselves.