15. On technology, finance and philantrophy

Dear Co-creator;

It’s been a minute, hasn’t it?

We have formed a partnership with an AI bookkeeper (tech), a multinational company (demand), and one of the largest development finance institutions (supply) for a pilot. The goal is to see if we can process raw financial data from the company for eas(ier) investing by the DFI.

The first transaction of the exchange loading? We will see. How much efficiencies created for all parties? We will see. What type of investment? We will see. All types of transactions are still in the ball game (debt, equity, M&A, etc). Will report back in a month or so.

Remember our goal is to use technology to bring about 100x efficiencies and disrupt the way exchanges work, recoup 10% of that for ourselves for commercial success, and make the platform available for free for all philanthropic purposes.

Believe it or not, still tracking for a January launch.  Companies will be able to sign up, share their financials (bank statements via Plaid, or upload or QuickBooks etc) and get expert 409a valuations, credit scores, M&A valuations, all for FREE (suck that, all competitors).

People are vain (remember those IQ tests online that gave everyone genius grade and utilize the psychometric profiles to degrade political elections?). And my guess is that they’d want to play around with these free tools to get their company IQ (if you will). That’s where we start – the demand side. We may not be able to give money just yet, but we can give actionable information and intelligence (a 409a valuation costs $5k on average for startups), a credit score during the current high interest regime is golden, and of course knowing how much you can realistically expect to sell your company is simply priceless.

We will engineer one or two transactions by hand, then it will be easier to show financiers the world we envision. That’s the supply side.

I wish there was a way to increase the pace so I can write once a week. Until then, see you on a monthly basis.

Oltac

ps. I was recently involved with one of the world’s largest political election academic research. Prof. Dr. Daron Acemoglu, Prof. Ceren Baysan and their team will be kind enough to talk about their findings on the effects of door-to-door canvassing in Izmir on about 500,000 voters in a controlled, randomized study. Fascinating results so if you like politics, elections, and are tired of non-scientific bullshit that goes with the territory, come get scienced-up on November 29. https://www.youtube.com/watch?v=4ajL1j-ub9U