Hedge Fund 1.

It could be a hedge fund.

Sal began his career as a hedge fund analyst.

But what a common hedge fund technique was, to take advantage of this virtual cycle, to make the hedge fund founders very wealthy.

And I'll tell you what a common hedge fund technique.

I worked for a hedge fund, a very for profit organization.

So you broadcast it out to every hedge fund and private equity fund and every bank out there.

I just realized you probably don't know what a hedge fund is.

A buy side analyst is someone who works for a hedge fund or works for Fidelity at a mutual fund.

And so you can imagine, here I was an analyst at a hedge fund.

And some of you all might know, about five years ago I was an analyst at a hedge fund.

He was a hedge fund guy making lots of money, and he quit to do these little web videos.

I actually work at a hedge fund, and I'm doing this type of math in my head day and night.

The former hedge fund analyst had recently quit his job to do something that at the time, sounded a bit strange.

This could be the balance sheet of a hedge fund, or a private equity firm, or pretty much any type of financial institution.

He jumped over the hedge.

He jumped over the hedge.

A hedge between keeps friendship green.

A dense hedge surrounded the garden.

A thick hedge surrounded the garden.

The cat got through the hedge.

The cat crept under the hedge.

And so you can imagine, here I was, an analyst at a hedge fund it was very strange for me to do something of social value.

And so, we have moved, I'd say, about 160 IQ points from the hedge fund category into the teaching many, many people in a leveraged way category.

Pete's mutual fund.

Then you could have another pension fund, Pension Fund 2.

I look around at my siblings and my cousins and as I said, there are a lot of us and I see teachers and musicians, hedge fund managers, designers.

Some of these may have even been hedge funds.

He's good at fund raising.

Singapore's Central Fund provides pensions.

They'll fund anything these days.

And a closed end fund

So that's me, pension fund.

I am a pension fund.

In the previous example, I had Pension Fund 1, that was my pension fund.

IMF stands for International Monetary Fund.

So now the fund has 500.

And this is Pension Fund B.

And some of you all might know, about five years ago, I was an analyst at a hedge fund, and I was in Boston, and I was tutoring my cousins in New Orleans, remotely.

And to give you an idea of the last fund that Kleiner raised was a 400 million fund, so this for us is a very substantial fund.

He donated 10000 to the refugee fund.

He donated 10,000 to the refugee fund.

New School's Venture Fund in Silicon Valley,

Global Fund for Women in San Francisco.

A will pay Pension Fund 1 10 .