<transcript><audio_49>uh so you end up in a structure where instead um that company will sell part of its cash flow or potential future cash flow um to investors that can help it in that stage of its life and so that means think of like fractionalizing the potential future</transcript><transcript><audio_50>outcome it's not the outcome today it's not the cash flow now it's a potential future cash flow as sold to another market of investors the public markets um and they sell that potential prospective measure</transcript><transcript><audio_51>at that moment in time and so this is really a predict what this is doing is creating a prediction market on the um future cash flows of these corporations and you know there's of course many ways to like realize that cash flow through dividends liquidations acquisitions and</transcript><transcript><audio_52>so on but usually it ends up being selling the stock in a public market at some point which by the way is kind of a bug in for other reasons but i won't go into that now let's look at a vc fund itself so this vc fund works by funneling cash flow</transcript><transcript><audio_53>funneling money into companies taking some pieces from them and they themselves have a set of investors and vcs raised from other investors using the same exact composable structure so they can float this trend this</transcript><transcript><audio_54>the transactions of a vc fund are composable in a super neat way they um you have a transaction of cash flow going out in one direction and kind of getting stock back and you have these same exact transactions on the other side to raise capital uh the vc fund gives stock and uh gets cash on the</transcript> uh so you end up in a structure where instead um that company will sell part of its cash flow or potential future cash flow um to investors that can help it in that stage of its life and so that means think of like fractionalizing the potential future outcome it's not the outcome today it's not the cash flow now it's a potential future cash flow as sold to another market of investors the public markets um and they sell that potential prospective measure at that moment in time and so this is really a predict what this is doing is creating a prediction market on the um future cash flows of these corporations and you know there's of course many ways to like realize that cash flow through dividends liquidations acquisitions and so on but usually it ends up being selling the stock in a public market at some point which by the way is kind of a bug in for other reasons but i won't go into that now let's look at a vc fund itself so this vc fund works by funneling cash flow funneling money into companies taking some pieces from them and they themselves have a set of investors and vcs raised from other investors using the same exact composable structure so they can float this trend this the transactions of a vc fund are composable in a super neat way they um you have a transaction of cash flow going out in one direction and kind of getting stock back and you have these same exact transactions on the other side to raise capital uh the vc fund gives stock and uh gets cash on the
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