:07:10
So what do you do
over there at Price?
:07:12
I'm the VP in charge
of corporate loans.
:07:15
Wow.
:07:17
We haven't met anyone
of your level before.
:07:21
VP.
:07:23
Wait, so that means
it's you and then the P.
:07:26
Give that man a Nobel Prize.
Well done.
:07:29
- Genius.
- Yes, that's right.
:07:32
Here's where a little
research comes in handy.
:07:35
Corporate banks give out
VP titles like calendars.
:07:37
It's a small lie, but now
we're sure he's playing.
:07:40
Then maybe you can help
explain to us what's so difficult
:07:43
- about getting a corporate loan?
- Well, normally, nothing.
:07:45
But a tech firm right now?
:07:48
People are really scared.
:07:50
People are scared
because they lack vision.
:07:53
Present company
excluded, of course.
:07:55
A bank does need to know
where its money's gonna come from.
:07:59
That is true.
:08:01
We know where
we're getting our money back from.
:08:04
But therein lies our Catch-22.
:08:06
I don't follow.
:08:09
- Well...
- Jake, come on.
:08:10
No, it's all right.
:08:12
Leon here is one
of the good guys.
:08:16
Right?
:08:18
Now what I'm gonna tell you is in
complete confidence.
:08:21
It does not leave
this fucking table.
:08:23
- Sure.
- Fine.
:08:25
You know how the dot commers
did what they did, right?
:08:28
In what way?
:08:30
How they made their money.
:08:32
Essentially, they start
with an idea,
:08:34
shop it around town,
raise a little capital,
:08:36
and then sold it
to a bigger company,
:08:38
like a Microsoft or an Oracle or
an Intel. You know, whatever.
:08:42
That's half right there.
:08:44
The beauty of it was, they sold it before the
thing was even real.
:08:46
So you've got the bigger company already
set up to buy the thing.
:08:50
They just want to
see that it works.
:08:53
So these guys go out, get some start-up
capital, make it work,
:08:56
and then sell for five or
six times the initial loan.
:08:59
They're delicious.