They are just going alone! (Applause)

They're valuing these assets at 1 million.

As investors flee

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.

Yes, it's an enterprise.

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

Big investors.

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

Just Manic Enough.

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

He valued what we already had at 5 million dollars.

But he said you know Nempo...

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

This is the total actual value.

Good morning.

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

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

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.

It's worth 5 million.

EBlT in this case would be the operating profit plus this investment income.

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.

But now we actually built something.

What's it like being an investment banker?

So, in short, yeah, the droids are coming for our jobs.

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

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

And when nations cheat in trade, there will be unmistakable consequences. Applause

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.

In this corner, you have created something that's not valuable and not unique.

And that worked out pretty well.

No major investor will consider us.