Answered produced feed
D 5 · C 5 · P 5 · Cm 4 4.85
Q I, I'm just curious, because you go to this thing, you meet these producers, they all want help with their films, but why did it, like, why, why did it affect you emotionally?
A I think it was because I saw my parents work so damn hard all their life. And they never really got a break. Uh, I think there was one mini break that I thought my dad would get. He had actually come up with another, uh, business idea. Got flown to New York, met with all these investors. And I just remember I finished a basketball game and he came to the, he made it to the game and he said, I think this, this one's going to work D. I was just so grateful. This was in high school. And then the next I knew it, um, the investors had taken his idea and, and pushed forward with it without him. Basically taken it.
AI assessment note: “I think it was because I saw my parents work so damn hard all their life.”
Partly produced feed
D 2 · C 4 · P 3 · Cm 3 3.00
Q It was not possible because the laws wouldn't be changed for another 10 years. Um, so how are you going to create incentives for people to give money to somebody for their project? What, how, how did you think about, all right, let's, let's, we can't do the equity. People are going to have a cut of the returns, but we got to incentivize them to donate to a project.
A We, we also did explore, is there any SEC loopholes we could get around? So at the, and when we were first starting, we were actually, we're thinking investments, like full on investment. And we, we, the benefit of being in business schools, we had all these supporters, classmates coming from their industries, and we had a bunch of lawyers show up and help us try to nitpick through the laws and figure this out. And I do remember at one point, uh, There was a path, but we realized that we would have to maybe change some laws and prove this concept of raising money on the internet. And we decided, let's just do one thing at a time, because simplification here is, is paramount.
AI assessment note: “we decided, let's just do one thing at a time, because simplification here is, is paramount.”
