Rather than a static sculpture and do some vital programming for the programs and families that are going to be moving into the area. We support this project and the market octavia amendment. Thank you. Next speaker, please. I am a hays valley resident and a longterm supporter of market and octavia. When this was coming up and talking about 400foot towers, they would say you support this . Yes, i do. This is the transit hub. So to much criticism from some people, i was an aggressive supporter of all of this. I think some of what concerns me about this in addition to some technical points and the points raised by the other speakers about the adequacy of muni and other things like that for services, when the proposal to raise some of the 400foot towers was first voiced, it was look at the esthetic of this tower with 400foot towers. We can do thinner, elegant, beautiful, very tight and its going to really look gorgeous. Well get some extra housing out of it. Isnt that good . Yeah, that so
We can provide introductions to them and help them navigate new challenges as they go through the business we like to think of ourselves as a money provider. Peter slen why can a company just go bank in traditional avenues. Speak one good question. Scott kupor sometimes theyre a very risky businesses that are going to lose money for a long period of time in banks unfortunately just arent in the business of doing that or taking risk of losing their capital so we are willing to take that risk in fact about half of what we invest half of an we will lose that money. I cant see a bank being happy about that. Peter slen where does the original money come from. Scott kupor the way our business works as we go out and raise money from a couple of different folks. University endowments are big source of capital so if you look at a Stanford University or yale university, they have large endowments and the abysses endowments to earn a return. That money then goes to help subsidize obviously the co
Watch anytime online at cspan. Org or listen from wherever you are on the go using the free cspan radio app. Next, a book tv exclusive. Our cities tour visits Traverse City michigan to learn more about the unique history and literary life. For eight years we have traveled to cities ringing the book seemed to our viewers. You can watch more of our visits at cspan. Org. The years leading up to my divorce and postdivorce, a lot in aruggles have been compressed period of time. Over one year i got divorced. I was suddenly a single parent. I was unemployed with this grand plan to make my life as a writer. Of raising myal children in a rural setting. There was quite a bit of drama. A lot of suffering. There was a lot of togetherness. It was the four of us against the world. I wanted to document that. I had a nickname for my house. It was named after the big Valley Television show. I remember driving past this house and seeing the forsale sign. , iore i even looked at it said i dont know what
In our very risky businesses that could lose money for a long period of time as they go into business. Banks, unfortunately, our not in the business of doing that. We are willing to take that risk. Half of what we invest in, we will lose all of our money. Any bank will not be too excited about that venture. Host where does the original money come from you give to the companies . Scarlet we go out and raise money for my couple of different folks. University endowments are a big source of capital. If you look at Stanford University or yearly university, they have endowments, and that money goes to help subsidize the cost of the university. Large foundations, nonprofit foundations, like the ford foundation, for example. Or these companies are doing is trying to use venture as a way to drive a high rate of return in their portfolio. They are looking for us to generate Something Like 25 or 35 returns for their business. They have a large portfolio that might have stocks and bonds, and this
Host so scott kupor, what does a Venture Capitalist do . Guest so basically what we do is we provide money to companies that are trying to grow and hopefully become very Big Companies like facebook or google or apple someday. If were doing our jobs correctly we are helping them grow the company so we dont work in the businesses but hopefully we can provide introductions, help navigate new challenges as they go through the business. We like to think of ourselves as a money provider and hopefully a supporter. Host why cant a company such as the ones you describe just go to a bank and go through traditional avenues . Guest its a good question. Most of the businesses we invest in our very risky businesses that will lose money for a long time as Investment Business and banks are not in the business of doing that or taking risk of losing their capital. We are willing to take that risk. About half of what we invest in we will lose all our money in. Any bank of you that idea to would not be to