Whether people will continue to loan them money.

The government will provide interest free loans to firms that participate in the program.

EM Well, essentially,

They are just going alone! (Applause)

They are too far in debt to get the small business loan.

Howard Winklevoss founded a firm whose assets are in the hundreds of millions.

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

It's worth 5 million.

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

So once again, it's just a loan to someone else.

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.

I'd like to apply for a smallbusiness loan.

Joint guaranty for loans is more than an enterprise, right?

Corporate borrowing from financial institutions is rising due to the low interest rate.

You see we started working in Eastern and Central Europe, and moved to Russia.

What are you carrying?

We essentially sold them at 10 a share.

And we'll talk a little bit more about assets and enterprise value, and there's a little bit of a nuance there, but essentially the company itself.

So, Japan had a fiscal real estate crisis back in the late '80s.

So, that was done.

And as soon as that finished,

I've been a huge fan of enterprise and entrepreneurship since 1993.

Those other things are called non state actors.

Well we learned what happens.

I'm pulling out of his scheme.

The last area is profit itself.

It's not merchants and manufacturers in the United States and Europe.

Mortgage backed security.

And the corollary of more people willing to lend, is you that the actual standards go down.

Japanese corporations are slashing their capital spending programs.

And do you love what you do, Caroline?

And when I go to Germany, they say, Oh yes, this is the German disease.

Which company?

He works in emerging markets.

That's classified

Local finance are bankrolling the industrial promotion program.

And today, less than five years in,

And so with patient capital from Acumen and other organizations,

The second kind of invisible innovation coming out of India is what we call outsourcing innovation to Indian companies, where many companies today are contracting

So going back to what we were talking about, what is the post money valuation?

Let's just show an example of how the actual mortgage works.

I'm eager to be allowed to do more private sector investment.

Let's say out of this 10 million of assets, let's say that 9 million are operating assets.

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

So the combined assets, if you believe that this is worth 5 million, is now 10 million, right?