If I do not earn anything on top, I would still have 1000 Euros total income.

20,000.

How much money are they looking for?

Five million dollars.

We know that it is a large city, but we may be unsure about exactly how many people live in the city.

Buying something for 10 Euros means paying 5 Euros towards taxes.

Now we're in the 1,000,000's place.

One billion Euro. Per seat.

So let's think about it a couple ways.

Lost 5 million.

So let's say we say need 5 million from the angel investor to get started.

We'll have 5 million in cash.

Only those spending twice their basic income will really be paying taxes.

You got a billion Euros?

But he has already received 1000 Euros tax.

That's not a trick question.

The whole point of this was to start a business.

I can tell you it's a magnificent spread.

He had originally given us 5 million.

And then all you have left is 5 million for this guy.

So the shareholders' equity, or you could almost say the book value of the equity of the company, is 5 million. 5 million equity.

The cell culture is 40,000 euros, and with hospital fees, the surgery and rehabilitation...

But then comes the ask, where you tell me how much you want.

I think this company is actually only worth 5 million.

All right, you get your 5 million.

EU euro

Euro

And there's 1 million shares.

Let me make the pointer smaller.

Euro

I had some debt.

Let's just say it's all of it.

That's worth 5 million, right?

Wait a minute! Five million yen!

17½... minus the half for wasting my time.

So if you want to buy a gasoline car in Denmark, it costs you about 60,000 Euros.

And we're valuing it at six million because I have a million here and five million here times six million.

And that's why scale counts.

He valued what we already had at 5 million dollars.

They're worth 5 million.

So this is interesting.

20,000. That's a little steep.

We got 10, 20, 30 44, five each.

Well, it's the debt holders get first dibs.

In the year 2000, a rather interesting thing happened.