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We look at all of the areas

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are areas that require hard

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This is food, this is

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This is city infrastructure.

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These are areas where you make

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do the hard work.

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But you might not see the

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The game theory suggests that

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more bitcoin you'll have.

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And so if we do think of this

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right, you want to last as

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to accumulate as much bitcoin

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into growing the team.

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Welcome to the Business

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The show dedicated to helping

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business with bitcoin, the

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I'm your host Josh Friedemann

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of Township Ventures.

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Township Ventures purchases

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capacity and puts them on a

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We're going to get to our

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this.

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Lucas, welcome to the show.

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Pleasure to be here, Josh.

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Thanks for having me.

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Excited to chat.

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Absolutely.

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So I like to start off every

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that help us to get to know

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us some insight for our own lives.

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Are you ready for these?

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Absolutely.

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Question number one is this.

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When and how did you first

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Yeah, as most people say, I

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Was just doing the gambling

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doing.

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Trying to do the get rich quick.

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But then really, one of my

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have to give all the shout out

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head about this bitcoin thing.

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It wasn't about 2019 that

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all in.

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I'll say this for the audience

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I'm 150% allocated to Bitcoin

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Short, fiat, long bitcoin.

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I'll leave it there.

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Any recommendations or would

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long bitcoin or are there ways

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sense and is not just

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the drain?

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Absolutely.

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No, I'll clarify that one.

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I am not a financial advisor

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You have to make the decision

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based upon your current

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So the only reason why I can

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I'm blessed to be in that

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position, whereas, you know,

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close.

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I wouldn't have even

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So it's only as I've learned

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to do something like that.

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So obviously we need to make

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your risk tolerance and your

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etc.

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Question number two.

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What's an insight or fact

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understood?

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Yeah.

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I'll say two things if it's okay.

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The first one is, as some of

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this, and I think it really is

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the ends.

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Bitcoin is a means to an end.

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Bitcoin is now best money that exists.

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And so we need to be stewards

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our lives and where we put

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our communities.

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And so that, I think, is

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happens as you've accumulated

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Which leads me to the second

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kind of already understood

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won.

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Bitcoin will be the world

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hyper bitcoinization in the

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The writing is on the wall.

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I.

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I think you might have

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bank just came out and said,

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dollars a coin.

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It undermines government's

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It gives people sovereignty.

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That's why we need to ban it.

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We're living in a parody of

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So the writing's on the wall,

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an impact on society in

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not bigger, than the Internet

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affect.

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There is this seriousness of

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just knew, but it's okay.

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It happens with time.

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Was that the same ECB report

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who don't hold Bitcoin or are

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Bitcoin is successful.

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Was that the same?

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Exactly.

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It was the exact same report.

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It's hilarious.

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They are literally the best

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bitcoin.

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I wish more people read the report.

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It's crazy because at that

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you don't have this thing,

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saying that it's going to be

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Once again, if everyone could

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to read between the lines, but

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of a sudden, it should become

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And yet some people, for

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their feet.

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It's okay.

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Again, I'll shout out one of

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there is this kind of weird

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and you get it, to break

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It forces people to question

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So, you know, things take time.

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We try to try to educate as

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there.

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But you're right, you can read

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government saying it.

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So I don't know.

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I don't know what to tell you

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Sure, sure.

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So question number three is

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recommend to other.

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I really like video content.

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I will say I've listened to a

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University.

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I think he's got basically a

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it comes to the fundamentals

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So I would personally

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of the fundamentals because it

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before and really does break

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known.

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So you have to study it from

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And I think he does a really

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So I tend to send people there.

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I recommend him all the time,

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and think that maybe on a

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some jab and try to undermine bitcoin.

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It's just like, hey, go take a

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I could send them to specific

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every question that people

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end of the day, go check it

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there.

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All the questions that people

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are like checkmates against

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And his is probably one of the

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So I appreciate that.

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Resource Question number four,

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tool or idea that's been

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Absolutely.

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I'm a big book reader.

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I love trying to find what I

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have distilled ideas in an

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pertinent to me.

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But I can go back to over and

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Right now, what I'm reading or

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I recommend is I love $100

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When it comes to thinking

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and niching down.

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I'm also reading Actionable

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The ideas of how do you design

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for people?

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And how can you build not just

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towards win states like games

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And then the last one is Pitch

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When you're a business owner,

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whether you know it or not,

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you're selling to your team,

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selling to everybody.

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And so understanding the

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he does a great job of

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The psych, the biological

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information and how to get

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that we have when we're

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So he really does a great job

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So those would be the three

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as, as kind of resources or

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Excellent.

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Well, I appreciate you sharing

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Now we have our final what we

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question and it's this as a

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to ask why or why not?

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I've thought a lot about this one.

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It really, it really was

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But I'll say this, as an

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always been in the why not category.

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The idea of spending time,

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that may fail was always still

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was big enough.

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Now I've really been shifting

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as I'm taking and

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of my personal life, husband,

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adopted, bitcoin mentality.

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And now again, as I mentioned,

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of have to ask yourself, okay,

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and I can hold on to that and

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why would I do something and

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capital?

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And for me, that comes down to

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Like, why am I doing what it

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Why am I spending time with

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these activities, et cetera.

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And so I look at it definitely

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to me moving forward, looking

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Whereas before it was always

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buck?

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You know, and it's like that's

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Well, Lucas, we're here today

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I happen to run across you guys.

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I love what you're doing, but

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could you just share about

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led you to getting this set up

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At the core of our team, we

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important thing in life.

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And we create that fulfillment

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for people in everything that

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Township Ventures itself is a

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and build businesses to last

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Fiat broke.

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And so we take this idea of

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centric design, applying

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look at everything, which I'll

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but ultimately to build not

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but what we're, what we

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wealth, where you're actually

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for your family, for your

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are taking the ultra long term mindset.

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So as a how we came to that is

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engineers and entrepreneurs

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And we looked at.

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So in our lives we've had

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services, lots of different

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of leadership roles in those

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in.

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And what we found out was, is

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that are going on at the

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direction where there's an

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new generational wealth that,

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framework and the blueprint

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And those three were, first,

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older individuals that have

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that silver tsunami, as people

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And so there's an opportunity

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the market that are trying to

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planning.

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The second is of course,

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Hyperinflation around the

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And bitcoin being that

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local communities that are there.

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And then the third is actually

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kind of a.

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Oh, AI again.

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But there's a very real.

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What we believe here is, is

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requested, There is now going

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What matters is getting back

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And so at the heart of what we

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in what we do, quality in the

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quality in the business,

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bitcoin, right?

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Those three kind of trends

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to really leverage the

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is still using Fiat, put

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sheets.

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And actually I had a great

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he said it's not just about

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it's actually about turning

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And what are all the

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which I can touch on a little

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but then going full circle

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the business, put bitcoin on

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How do you build that business?

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How do you do the hard work of

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making high quality decisions?

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And what we try to do is look

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lens, through that quality

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How do you think about your

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your team, how do you think

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you think about the whole nine yards?

292
00:16:32,328 --> 00:16:36,346
It sounds like a lot, but when

293
00:16:36,504 --> 00:16:40,726
on at least four year cycles

294
00:16:40,774 --> 00:16:46,062
quarter, but even at that

295
00:16:46,102 --> 00:16:49,014
your priority to long term sustainability.

296
00:16:49,158 --> 00:16:53,022
And so that's one of our core

297
00:16:53,102 --> 00:16:57,166
is what we're doing right now

298
00:16:57,334 --> 00:17:00,254
And if we're having trouble

299
00:17:00,278 --> 00:17:03,358
to kind of slow down and try

300
00:17:03,390 --> 00:17:06,838
And now that might mean go

301
00:17:06,870 --> 00:17:12,838
walls, test and validate,

302
00:17:12,910 --> 00:17:18,542
mentality, but in low risk,

303
00:17:18,622 --> 00:17:20,162
to make a better decision.

304
00:17:20,662 --> 00:17:25,430
So that's a really long winded

305
00:17:25,446 --> 00:17:28,238
with you how we think and what

306
00:17:28,270 --> 00:17:29,350
And I can go into further.

307
00:17:29,446 --> 00:17:31,894
So, Lucas, one of the things

308
00:17:31,918 --> 00:17:38,092
of a generational perspective

309
00:17:38,712 --> 00:17:43,096
Before we get into the idea of

310
00:17:43,144 --> 00:17:46,104
which is very interesting to

311
00:17:46,168 --> 00:17:50,736
to the average business owner,

312
00:17:50,784 --> 00:17:53,288
generationally, thinking about

313
00:17:53,400 --> 00:17:54,292
Great question.

314
00:17:55,592 --> 00:17:59,120
The entry point that you have

315
00:17:59,136 --> 00:18:00,032
best money.

316
00:18:00,192 --> 00:18:05,056
And right now we're in this

317
00:18:05,104 --> 00:18:08,099
hurdle rate is basically 149%

318
00:18:08,191 --> 00:18:13,148
So over the last 10 years

319
00:18:13,240 --> 00:18:15,784
It's compounded 149% every year.

320
00:18:15,888 --> 00:18:20,040
And so you have to ask

321
00:18:20,176 --> 00:18:25,112
then am I going to allocate my

322
00:18:25,152 --> 00:18:27,852
me less than 149%?

323
00:18:28,412 --> 00:18:33,796
That's one way to think about

324
00:18:33,964 --> 00:18:36,692
But this also drives us to

325
00:18:36,732 --> 00:18:41,628
side of things is, where when

326
00:18:41,660 --> 00:18:44,148
think about it not just

327
00:18:44,220 --> 00:18:48,432
or, sorry, from a SATS

328
00:18:48,812 --> 00:18:51,132
in nominal money units.

329
00:18:51,292 --> 00:18:54,484
We actually get back towards a

330
00:18:54,588 --> 00:19:00,438
aesthetics, about the

331
00:19:00,630 --> 00:19:02,006
quality of your customers.

332
00:19:02,094 --> 00:19:03,438
How long can this last?

333
00:19:03,510 --> 00:19:06,782
So, so I'll start with saying

334
00:19:06,822 --> 00:19:10,082
rate that forces you to

335
00:19:10,542 --> 00:19:14,238
Then with that hurdle rate you

336
00:19:14,310 --> 00:19:16,870
else, which is am I going to

337
00:19:16,886 --> 00:19:18,030
reinvest in my team?

338
00:19:18,166 --> 00:19:21,454
Am I going to try to get the

339
00:19:21,478 --> 00:19:23,426
my customers that I have last longer?

340
00:19:23,574 --> 00:19:28,578
And so that immediately forces

341
00:19:28,770 --> 00:19:30,538
it is more valuable.

342
00:19:30,690 --> 00:19:34,842
And this is even a traditional

343
00:19:34,882 --> 00:19:39,786
that you have generate you

344
00:19:39,794 --> 00:19:40,370
new customer.

345
00:19:40,466 --> 00:19:42,842
The customer acquisition cost

346
00:19:42,882 --> 00:19:45,994
And when you account for the

347
00:19:46,058 --> 00:19:49,130
costs, it's a no brainer to

348
00:19:49,146 --> 00:19:53,080
you have, provide them more

349
00:19:53,256 --> 00:19:54,212
over time.

350
00:19:55,392 --> 00:19:59,376
When you really think about it

351
00:19:59,424 --> 00:20:03,800
earlier, under a bitcoin

352
00:20:03,816 --> 00:20:07,088
want your business to last as

353
00:20:07,200 --> 00:20:10,008
maybe implicit what most

354
00:20:10,120 --> 00:20:12,656
Most people are not the type

355
00:20:12,704 --> 00:20:18,950
business to grow it, sell it

356
00:20:18,966 --> 00:20:19,846
sleep on the beach.

357
00:20:19,974 --> 00:20:22,918
They do it because they love

358
00:20:22,950 --> 00:20:24,886
be, and they love their team.

359
00:20:24,974 --> 00:20:27,974
They enjoy those emotions and

360
00:20:28,038 --> 00:20:31,374
But they get to do what

361
00:20:31,478 --> 00:20:36,566
And so if you can build that

362
00:20:36,734 --> 00:20:37,958
through the bitcoin lens.

363
00:20:38,030 --> 00:20:41,718
You start to think about the

364
00:20:41,750 --> 00:20:44,758
customers, putting them on a

365
00:20:44,830 --> 00:20:45,950
on a bitcoin standard.

366
00:20:46,046 --> 00:20:49,590
Because then as the rising

367
00:20:49,646 --> 00:20:53,650
supply chain becomes much more

368
00:20:53,826 --> 00:20:58,978
And so when you are thinking

369
00:20:59,010 --> 00:21:03,418
do have to think about every

370
00:21:03,450 --> 00:21:04,922
149%.

371
00:21:05,042 --> 00:21:08,666
And I think it's actually

372
00:21:08,754 --> 00:21:09,898
into the transition.

373
00:21:10,050 --> 00:21:10,778
But I'll pause.

374
00:21:10,810 --> 00:21:11,770
Does that answer your question?

375
00:21:11,826 --> 00:21:13,066
Does that shed some light?

376
00:21:13,114 --> 00:21:13,682
I'm curious.

377
00:21:13,762 --> 00:21:14,298
It does.

378
00:21:14,370 --> 00:21:18,698
And I guess the follow up

379
00:21:18,730 --> 00:21:22,198
want to turn your entire

380
00:21:22,230 --> 00:21:25,702
to holding bitcoin on your

381
00:21:25,782 --> 00:21:27,022
perspective there as well?

382
00:21:27,102 --> 00:21:35,654
Yeah, it's more of a semantic

383
00:21:35,798 --> 00:21:40,614
trading fiat for bitcoin,

384
00:21:40,798 --> 00:21:43,766
everybody has to go through

385
00:21:43,814 --> 00:21:46,998
it, I'm learning about it, I

386
00:21:47,190 --> 00:21:52,222
But there is also the lens to

387
00:21:54,002 --> 00:21:57,706
For example, one of them that

388
00:21:57,754 --> 00:22:01,290
business owners to understand

389
00:22:01,346 --> 00:22:02,022
asset.

390
00:22:02,522 --> 00:22:05,834
Under a deflationary asset,

391
00:22:05,858 --> 00:22:09,906
converse to start with, in an

392
00:22:09,954 --> 00:22:10,942
your costs.

393
00:22:11,282 --> 00:22:13,970
Your costs are basically increasing.

394
00:22:14,106 --> 00:22:18,114
You are playing a game

395
00:22:18,138 --> 00:22:19,510
trying to grow inflation.

396
00:22:19,546 --> 00:22:24,734
Inflation forces growth into

397
00:22:24,798 --> 00:22:26,710
about if it's sustainable or not.

398
00:22:26,806 --> 00:22:30,222
It just simply says, hey, just

399
00:22:30,262 --> 00:22:33,162
hope you're making more money,

400
00:22:33,982 --> 00:22:37,750
If you flip that around under

401
00:22:37,806 --> 00:22:42,838
is your top line revenue might

402
00:22:42,950 --> 00:22:46,494
And so you're now actually

403
00:22:46,518 --> 00:22:50,192
become more operationally

404
00:22:50,232 --> 00:22:50,812
not.

405
00:22:51,232 --> 00:22:56,864
You change your mind from

406
00:22:56,928 --> 00:22:58,096
how do I grow?

407
00:22:58,264 --> 00:23:01,800
And you put it actually more

408
00:23:01,856 --> 00:23:03,264
more operationally efficient?

409
00:23:03,408 --> 00:23:06,008
Is the business reducing costs

410
00:23:06,160 --> 00:23:11,216
Are revenues declining slower

411
00:23:11,264 --> 00:23:14,256
Because we will get to there

412
00:23:14,304 --> 00:23:17,448
actually decrease in nominal

413
00:23:17,480 --> 00:23:18,416
would have gone up.

414
00:23:18,544 --> 00:23:21,928
And so you're going to have to

415
00:23:21,960 --> 00:23:23,984
declining slower than the rest.

416
00:23:24,168 --> 00:23:27,272
You're also wanting to think

417
00:23:27,352 --> 00:23:31,432
in quality or value to

418
00:23:31,472 --> 00:23:32,304
power that you have?

419
00:23:32,368 --> 00:23:36,721
So if the product costs right

420
00:23:36,802 --> 00:23:40,464
is it still 100,000 sats in

421
00:23:40,648 --> 00:23:45,512
If it is, then you have to

422
00:23:45,552 --> 00:23:51,128
is in terms of service value

423
00:23:51,200 --> 00:23:53,424
because the customers

424
00:23:53,448 --> 00:23:54,208
the same question.

425
00:23:54,320 --> 00:23:57,800
Well, If I'm paying 100,000

426
00:23:57,856 --> 00:24:01,104
last me a long time because my

427
00:24:01,128 --> 00:24:02,768
it and not buy the product.

428
00:24:02,920 --> 00:24:08,448
So even things like product

429
00:24:08,480 --> 00:24:11,704
more prevalent, which is, I

430
00:24:11,808 --> 00:24:15,626
I'll kind of touch on when it

431
00:24:15,784 --> 00:24:18,566
which is, how do you make your

432
00:24:18,614 --> 00:24:22,638
great as it can be, niche down

433
00:24:22,670 --> 00:24:24,494
product or service phenomenal?

434
00:24:24,598 --> 00:24:27,190
Because your customers are

435
00:24:27,326 --> 00:24:29,972
hey, wait, this is, you know,

436
00:24:30,067 --> 00:24:33,422
Why am I continuously spending

437
00:24:33,542 --> 00:24:37,198
Either the product stays the

438
00:24:37,390 --> 00:24:40,950
or the product is getting

439
00:24:41,086 --> 00:24:42,366
So I'll pause there.

440
00:24:42,494 --> 00:24:45,154
I can ramble, but no, I think

441
00:24:45,258 --> 00:24:49,298
One of the things that I have

442
00:24:49,330 --> 00:24:51,302
start guide that we talk about

443
00:24:52,322 --> 00:24:55,490
One of the terms I use there,

444
00:24:55,506 --> 00:24:59,666
about earning bitcoin because

445
00:24:59,674 --> 00:25:02,778
to have to, at some point

446
00:25:02,810 --> 00:25:05,282
offering, whether it's a

447
00:25:05,442 --> 00:25:10,422
it is worth a finite piece of

448
00:25:10,842 --> 00:25:15,412
It changes how you begin to

449
00:25:15,452 --> 00:25:17,732
people are giving it or why

450
00:25:17,772 --> 00:25:18,044
else.

451
00:25:18,108 --> 00:25:19,884
I think that's a very

452
00:25:19,948 --> 00:25:23,196
And I think the more business

453
00:25:23,364 --> 00:25:28,252
the quicker quality will go up

454
00:25:28,292 --> 00:25:31,252
owners have to think about, am

455
00:25:31,292 --> 00:25:34,748
product or continually

456
00:25:34,780 --> 00:25:36,428
be maintaining my revenue?

457
00:25:36,460 --> 00:25:40,248
It's a totally different game

458
00:25:40,280 --> 00:25:44,096
it will be a valuable place

459
00:25:44,224 --> 00:25:47,152
One of the things I wanted to

460
00:25:47,192 --> 00:25:51,936
a few key areas you guys have

461
00:25:52,064 --> 00:25:55,040
And I Wanted you to talk a

462
00:25:55,096 --> 00:25:57,784
are and why you've chosen

463
00:25:57,848 --> 00:26:01,600
Because I wanted to touch on

464
00:26:01,656 --> 00:26:07,564
was the cost that customer has

465
00:26:07,748 --> 00:26:13,044
And one of the things is the

466
00:26:13,108 --> 00:26:14,356
cost efficiencies.

467
00:26:14,524 --> 00:26:19,052
So we look at in particular at

468
00:26:19,212 --> 00:26:21,052
that we believe fiat broke.

469
00:26:21,172 --> 00:26:24,436
And these are areas that

470
00:26:24,484 --> 00:26:24,980
investment.

471
00:26:25,116 --> 00:26:28,756
This is food, this is

472
00:26:28,884 --> 00:26:30,738
this is city infrastructure.

473
00:26:30,900 --> 00:26:35,430
These are areas where you make

474
00:26:35,446 --> 00:26:36,142
do the hard work.

475
00:26:36,182 --> 00:26:39,230
But you might not see the

476
00:26:39,366 --> 00:26:40,846
If you think about your

477
00:26:40,894 --> 00:26:43,366
Like I have to go to the gym

478
00:26:43,494 --> 00:26:45,358
And I'm not going to see the

479
00:26:45,390 --> 00:26:49,062
It could be years before I

480
00:26:49,102 --> 00:26:51,398
increased my lifespan by five

481
00:26:51,470 --> 00:26:52,342
Or education.

482
00:26:52,462 --> 00:26:56,412
You're investing in yourself

483
00:26:56,582 --> 00:26:58,096
and that takes years.

484
00:26:58,224 --> 00:27:01,256
Even if you go into a

485
00:27:01,304 --> 00:27:06,288
be a year, two year long

486
00:27:06,360 --> 00:27:10,920
where everything is measured

487
00:27:10,976 --> 00:27:13,648
That's an infinite amount of

488
00:27:13,720 --> 00:27:17,984
So we focus on those

489
00:27:18,008 --> 00:27:22,408
believe that those are what

490
00:27:22,440 --> 00:27:23,760
for long term investment.

491
00:27:23,936 --> 00:27:25,412
Completely disintegrated.

492
00:27:26,022 --> 00:27:32,158
And that's how you can

493
00:27:32,230 --> 00:27:34,482
investing for that long term.

494
00:27:34,942 --> 00:27:39,310
Right now, for example, in the

495
00:27:39,366 --> 00:27:44,814
report card was like a D and

496
00:27:44,838 --> 00:27:46,278
it's a B minus now.

497
00:27:46,390 --> 00:27:51,422
But there are estimated

498
00:27:51,502 --> 00:27:56,690
in levees, in dams, in

499
00:27:56,786 --> 00:28:01,498
cities have just ignored

500
00:28:01,530 --> 00:28:05,434
are going towards other things

501
00:28:05,578 --> 00:28:11,182
And so you really have to ask

502
00:28:11,682 --> 00:28:14,954
So, so I'll give you, I'll

503
00:28:14,978 --> 00:28:15,954
we look at.

504
00:28:16,138 --> 00:28:19,042
So the first one being the

505
00:28:19,082 --> 00:28:19,754
resilient.

506
00:28:19,898 --> 00:28:21,042
That's first and foremost.

507
00:28:21,082 --> 00:28:24,618
You're not going to be able to

508
00:28:24,690 --> 00:28:26,686
you know, financially resilient.

509
00:28:26,734 --> 00:28:28,510
And that means maintaining

510
00:28:28,566 --> 00:28:30,262
It means generating dollars.

511
00:28:30,422 --> 00:28:32,014
That's about 50% of the equation.

512
00:28:32,078 --> 00:28:35,342
And I'm using loose relative

513
00:28:35,382 --> 00:28:35,750
is one.

514
00:28:35,806 --> 00:28:38,998
The second part is what we

515
00:28:39,070 --> 00:28:43,802
So this is that 30% and so

516
00:28:44,262 --> 00:28:48,910
the service, the lifelong

517
00:28:48,926 --> 00:28:50,502
your vendors and of your team.

518
00:28:50,622 --> 00:28:52,184
That's about kind of 30%.

519
00:28:52,264 --> 00:28:55,830
And then the last 20% is on

520
00:28:55,966 --> 00:29:01,712
And that for us is the crux of

521
00:29:02,252 --> 00:29:05,980
where you are geographically

522
00:29:06,116 --> 00:29:10,988
And so those areas of food

523
00:29:11,020 --> 00:29:15,052
and wellness, these are things

524
00:29:15,092 --> 00:29:16,364
localities that they are.

525
00:29:16,468 --> 00:29:20,564
If you have children that are

526
00:29:20,628 --> 00:29:23,948
to their geography, somebody

527
00:29:23,980 --> 00:29:27,916
much more akin to wanting to

528
00:29:28,004 --> 00:29:31,160
and cattle farm than somebody

529
00:29:31,176 --> 00:29:33,216
to grow up and have a winery.

530
00:29:33,344 --> 00:29:33,896
Right.

531
00:29:34,024 --> 00:29:38,584
So if you can embed the

532
00:29:38,608 --> 00:29:42,456
you're making and think about

533
00:29:42,624 --> 00:29:43,440
you can.

534
00:29:43,576 --> 00:29:46,864
What we're attempting to do is

535
00:29:46,928 --> 00:29:52,048
playbook of principles to put

536
00:29:52,160 --> 00:29:55,184
where other people can then

537
00:29:55,208 --> 00:29:57,568
Because we're not going to be,

538
00:29:57,680 --> 00:29:57,952
right.

539
00:29:57,992 --> 00:30:00,152
Those are areas that we want

540
00:30:00,312 --> 00:30:02,736
But that needs to happen globally.

541
00:30:02,824 --> 00:30:06,240
The entire world has been

542
00:30:06,256 --> 00:30:07,664
these things need to improve.

543
00:30:07,848 --> 00:30:10,012
So pause there.

544
00:30:11,832 --> 00:30:15,736
I can get wordy with it and

545
00:30:15,904 --> 00:30:22,200
So I want to ask in just a

546
00:30:22,256 --> 00:30:23,692
change in order to.

547
00:30:24,832 --> 00:30:29,968
Once you purchase a business

548
00:30:30,000 --> 00:30:33,666
business, how you kind of

549
00:30:33,754 --> 00:30:37,490
so that it aligns more with

550
00:30:37,506 --> 00:30:38,658
you've just described.

551
00:30:38,770 --> 00:30:42,386
But maybe even before that,

552
00:30:42,434 --> 00:30:46,330
like for a business owner who

553
00:30:46,346 --> 00:30:48,250
now, or someone listening to

554
00:30:48,266 --> 00:30:49,674
a business who might look to

555
00:30:49,778 --> 00:30:54,554
What would it look like, I

556
00:30:54,618 --> 00:30:58,698
to partner with that business

557
00:30:58,730 --> 00:30:59,562
of that business.

558
00:30:59,682 --> 00:31:00,122
Perfect.

559
00:31:00,202 --> 00:31:04,482
So the two questions being

560
00:31:04,522 --> 00:31:06,610
do the acquisition from a

561
00:31:06,666 --> 00:31:10,010
And then two, what are you

562
00:31:10,146 --> 00:31:10,754
Yeah.

563
00:31:10,898 --> 00:31:13,642
And I think what would you change?

564
00:31:13,682 --> 00:31:16,114
Or do you want to buy

565
00:31:16,138 --> 00:31:20,546
to change all that much along

566
00:31:20,554 --> 00:31:23,370
just totally change something

567
00:31:23,386 --> 00:31:24,042
of the community.

568
00:31:24,122 --> 00:31:27,114
I'm just interested to know

569
00:31:27,138 --> 00:31:31,028
sure that that long term

570
00:31:31,100 --> 00:31:33,980
element of the business,

571
00:31:34,116 --> 00:31:37,908
The way that Township works

572
00:31:37,940 --> 00:31:42,772
holding company right now we

573
00:31:42,812 --> 00:31:45,668
equity world, what's called an

574
00:31:45,820 --> 00:31:50,100
So we have not, we are not

575
00:31:50,116 --> 00:31:52,172
could change in the future,

576
00:31:52,212 --> 00:31:56,260
raising a fund to raise a

577
00:31:56,276 --> 00:31:57,116
go buy businesses.

578
00:31:57,164 --> 00:32:00,666
There's a lot of SEC

579
00:32:00,714 --> 00:32:01,338
headache.

580
00:32:01,450 --> 00:32:06,066
And in a lot of ways these

581
00:32:06,154 --> 00:32:12,810
misalignment where the fund is

582
00:32:12,826 --> 00:32:14,098
they've actually raised.

583
00:32:14,250 --> 00:32:17,938
Whereas what we're doing is as

584
00:32:17,970 --> 00:32:22,906
our own Capital Capital from

585
00:32:22,954 --> 00:32:27,302
traditional tradfi world in

586
00:32:27,382 --> 00:32:30,550
So there are hundreds of

587
00:32:30,606 --> 00:32:34,094
set up for the traditional M

588
00:32:34,118 --> 00:32:36,670
leverage into buying

589
00:32:36,686 --> 00:32:40,758
the SBA or senior banks or

590
00:32:40,870 --> 00:32:46,486
So the lion's share of our

591
00:32:46,534 --> 00:32:50,294
institution that can allow us

592
00:32:50,318 --> 00:32:52,882
the equity that we're going to

593
00:32:53,192 --> 00:32:56,680
Now from a legal structure,

594
00:32:56,736 --> 00:33:02,664
an entity to basically own

595
00:33:02,728 --> 00:33:05,040
of the company.

596
00:33:05,216 --> 00:33:08,952
And we are now owners of this

597
00:33:09,072 --> 00:33:15,832
And as operating partners or

598
00:33:15,872 --> 00:33:16,808
money managers.

599
00:33:16,920 --> 00:33:19,296
And so we are acting as

600
00:33:19,384 --> 00:33:23,294
So we're allowed to sell

601
00:33:23,398 --> 00:33:25,682
to the LPs for example.

602
00:33:26,222 --> 00:33:30,678
And that gives us that

603
00:33:30,750 --> 00:33:34,006
because we don't actually make

604
00:33:34,054 --> 00:33:34,454
money.

605
00:33:34,558 --> 00:33:37,494
Whereas in a traditional

606
00:33:37,518 --> 00:33:41,294
times they can make money off

607
00:33:41,318 --> 00:33:42,334
it for a multiple.

608
00:33:42,438 --> 00:33:47,150
And so they'll take a, they'll

609
00:33:47,166 --> 00:33:51,152
fat fee off of the assets that

610
00:33:51,262 --> 00:33:52,612
that they've raised money from.

611
00:33:52,692 --> 00:33:57,068
And then they'll make money

612
00:33:57,100 --> 00:33:58,292
business in five years.

613
00:33:58,412 --> 00:34:03,436
And so the entire structure is

614
00:34:03,484 --> 00:34:05,524
longer than most, five to

615
00:34:05,628 --> 00:34:09,956
But it's by no means

616
00:34:10,124 --> 00:34:13,524
And so that for us aligns the

617
00:34:13,588 --> 00:34:16,876
actually don't make any money

618
00:34:16,924 --> 00:34:17,844
of that business.

619
00:34:17,948 --> 00:34:21,016
And growing the equity of the

620
00:34:21,104 --> 00:34:23,856
bitcoin on that balance sheet,

621
00:34:23,904 --> 00:34:25,252
get into it.

622
00:34:26,192 --> 00:34:30,128
Before I jump into that, any

623
00:34:30,160 --> 00:34:30,664
end?

624
00:34:30,808 --> 00:34:31,384
I don't think so.

625
00:34:31,408 --> 00:34:32,352
I think it makes sense.

626
00:34:32,472 --> 00:34:35,976
Maybe the one thing is this

627
00:34:36,144 --> 00:34:39,808
the background of Berkshire

628
00:34:39,840 --> 00:34:41,824
a long term holding company as

629
00:34:41,848 --> 00:34:42,296
bit different?

630
00:34:42,384 --> 00:34:43,296
That's a great question.

631
00:34:43,384 --> 00:34:46,612
I would want to define, refer

632
00:34:46,692 --> 00:34:49,708
He has studied Berkshire

633
00:34:49,860 --> 00:34:54,860
But in principle, yes,

634
00:34:54,916 --> 00:34:58,908
game is buy businesses that

635
00:34:58,940 --> 00:35:00,292
the equity of that.

636
00:35:00,412 --> 00:35:03,632
So this is Berkshire Hathaway

637
00:35:04,132 --> 00:35:05,332
In a way, yes.

638
00:35:05,412 --> 00:35:09,756
And we think that there is an

639
00:35:09,804 --> 00:35:14,072
replicate this if they follow

640
00:35:15,252 --> 00:35:18,308
This is what we'll actually do

641
00:35:18,380 --> 00:35:23,804
The first is understanding

642
00:35:23,828 --> 00:35:25,012
running for a while.

643
00:35:25,132 --> 00:35:28,508
It has its own operations, it

644
00:35:28,620 --> 00:35:30,852
We're not trying to go in

645
00:35:30,932 --> 00:35:34,912
If anything, we want to have

646
00:35:35,372 --> 00:35:39,278
But it's starting with the

647
00:35:39,310 --> 00:35:44,206
seller, starting with the

648
00:35:44,254 --> 00:35:47,242
vision to understand who are

649
00:35:47,702 --> 00:35:51,998
So at a high level, we're

650
00:35:52,150 --> 00:35:52,486
right?

651
00:35:52,534 --> 00:35:56,482
Let's understand your

652
00:35:56,982 --> 00:35:57,630
there.

653
00:35:57,766 --> 00:36:02,516
Then we want to start to

654
00:36:02,524 --> 00:36:06,276
main, as the entry point

655
00:36:06,444 --> 00:36:10,788
So again, back to that whole

656
00:36:10,860 --> 00:36:14,372
It's not about doing more,

657
00:36:14,412 --> 00:36:16,004
doing that less better.

658
00:36:16,108 --> 00:36:20,276
And so maybe this translates

659
00:36:20,404 --> 00:36:25,092
but focusing only on the high

660
00:36:25,132 --> 00:36:27,842
creating maybe turnkey

661
00:36:27,972 --> 00:36:31,798
It could be maybe building

662
00:36:31,910 --> 00:36:36,038
and therefore being able to

663
00:36:36,110 --> 00:36:37,430
kind of product set.

664
00:36:37,606 --> 00:36:41,382
Maybe it's just executing on

665
00:36:41,422 --> 00:36:46,118
the troops to work on one

666
00:36:46,150 --> 00:36:50,566
the entire team Instead of

667
00:36:50,734 --> 00:36:58,092
So we're trying to see where

668
00:36:58,132 --> 00:36:58,708
happening.

669
00:36:58,860 --> 00:37:02,468
Is the company serving too

670
00:37:02,540 --> 00:37:05,708
Does the company have too many

671
00:37:05,740 --> 00:37:08,772
the team misaligned and

672
00:37:08,812 --> 00:37:09,420
is.

673
00:37:09,596 --> 00:37:12,172
And we're going to work with

674
00:37:12,212 --> 00:37:17,764
a plan in place to resolve

675
00:37:17,788 --> 00:37:21,112
the new objective of the

676
00:37:21,522 --> 00:37:21,906
Growth.

677
00:37:21,954 --> 00:37:25,450
If it happens as a byproduct

678
00:37:25,546 --> 00:37:29,890
But the principal requirement

679
00:37:29,906 --> 00:37:30,874
long as possible.

680
00:37:31,018 --> 00:37:33,418
Because the game theory

681
00:37:33,490 --> 00:37:36,410
lasts, the more Bitcoin you'll have.

682
00:37:36,506 --> 00:37:39,546
And so if we do think of this

683
00:37:39,714 --> 00:37:42,626
you want to last as long as

684
00:37:42,674 --> 00:37:46,982
as much bitcoin as you can

685
00:37:47,382 --> 00:37:48,334
growing the team.

686
00:37:48,438 --> 00:37:50,662
Or if you don't even think

687
00:37:50,702 --> 00:37:53,462
side and you're just like,

688
00:37:53,502 --> 00:37:55,162
I've got bitcoin in the

689
00:37:55,622 --> 00:37:59,526
This is now, I can now create

690
00:37:59,574 --> 00:38:03,542
plan or an esop, or I can now

691
00:38:03,582 --> 00:38:06,150
And we actually go back to

692
00:38:06,166 --> 00:38:11,582
you had companies like GE or

693
00:38:11,622 --> 00:38:14,324
where people worked at the

694
00:38:14,438 --> 00:38:17,944
And the reason why is because

695
00:38:18,008 --> 00:38:21,888
were providing the talent,

696
00:38:21,920 --> 00:38:26,384
in the work that they do, and

697
00:38:26,448 --> 00:38:26,952
that they had.

698
00:38:26,992 --> 00:38:29,048
And they knew that they were

699
00:38:29,080 --> 00:38:30,544
the money wasn't broken yet.

700
00:38:30,648 --> 00:38:33,720
And so I think we're going to

701
00:38:33,736 --> 00:38:35,664
least from, like, the

702
00:38:35,848 --> 00:38:37,928
But that's, you know, I can.

703
00:38:37,960 --> 00:38:40,040
I can keep going, but I'll

704
00:38:40,136 --> 00:38:44,572
And we are really trying to

705
00:38:44,612 --> 00:38:45,972
levels of abstraction.

706
00:38:46,132 --> 00:38:48,676
I think one of the things,

707
00:38:48,724 --> 00:38:51,972
right now who's thinking about

708
00:38:52,132 --> 00:38:56,124
one of their thoughts might

709
00:38:56,228 --> 00:38:58,060
Do I sell and go away?

710
00:38:58,236 --> 00:39:01,212
I say that knowing that from

711
00:39:01,252 --> 00:39:04,140
business owners that just sell

712
00:39:04,156 --> 00:39:09,116
it look like for the original

713
00:39:09,164 --> 00:39:10,684
or into a relationship with

714
00:39:10,788 --> 00:39:11,348
Great question.

715
00:39:11,420 --> 00:39:16,446
With us, we are looking for

716
00:39:16,494 --> 00:39:22,134
team that want to continue to

717
00:39:22,238 --> 00:39:23,446
Well, from.

718
00:39:23,494 --> 00:39:26,238
From our perspective, at the

719
00:39:26,270 --> 00:39:28,614
operational risk if the owner

720
00:39:28,758 --> 00:39:32,422
That makes it actually

721
00:39:32,542 --> 00:39:32,918
right.

722
00:39:32,990 --> 00:39:34,974
You're introducing new

723
00:39:35,038 --> 00:39:36,422
But as a seller, the way I.

724
00:39:36,502 --> 00:39:40,758
The way I would position it is

725
00:39:40,790 --> 00:39:45,154
and marketing, in operations,

726
00:39:45,258 --> 00:39:46,562
in technology.

727
00:39:46,682 --> 00:39:51,026
I mean, one of our partners,

728
00:39:51,114 --> 00:39:55,170
company right now, and he's at

729
00:39:55,226 --> 00:39:56,262
in that space.

730
00:39:56,802 --> 00:40:03,818
So we have skill sets that we

731
00:40:03,930 --> 00:40:05,530
of the business that you have.

732
00:40:05,626 --> 00:40:08,850
And with the bitcoin lens, how

733
00:40:08,906 --> 00:40:09,506
possible?

734
00:40:09,674 --> 00:40:12,594
And so with the seller

735
00:40:12,618 --> 00:40:17,516
leadership team, it's about

736
00:40:17,564 --> 00:40:18,412
important things.

737
00:40:18,532 --> 00:40:21,236
And as a leader, the most

738
00:40:21,324 --> 00:40:24,292
are working on your business,

739
00:40:24,412 --> 00:40:27,788
This is something that a lot

740
00:40:27,820 --> 00:40:30,628
oh, work on your business,

741
00:40:30,660 --> 00:40:31,628
in your business.

742
00:40:31,780 --> 00:40:35,588
And it's so true, but it's so

743
00:40:35,700 --> 00:40:39,348
And so the way we look at it

744
00:40:39,380 --> 00:40:42,652
more resources or different

745
00:40:42,692 --> 00:40:45,192
team that has the expertise in

746
00:40:45,212 --> 00:40:49,000
expertise on the customers and

747
00:40:49,056 --> 00:40:53,080
as a whole, and give them the

748
00:40:53,256 --> 00:40:58,112
space, and give them the right

749
00:40:58,272 --> 00:41:01,168
to create something that lasts

750
00:41:01,280 --> 00:41:03,688
And so if you're an individual

751
00:41:03,840 --> 00:41:06,496
just wants to make money and

752
00:41:06,584 --> 00:41:09,808
it's like, at a core value

753
00:41:09,840 --> 00:41:11,200
We're not going to be in

754
00:41:11,216 --> 00:41:14,112
going to bleed down into other

755
00:41:14,152 --> 00:41:16,864
Your product or your customers

756
00:41:16,928 --> 00:41:18,080
that same feeling.

757
00:41:18,176 --> 00:41:20,592
But if you do love your

758
00:41:20,672 --> 00:41:25,104
you love your product, but

759
00:41:25,128 --> 00:41:27,568
to do next, or, you know,

760
00:41:27,600 --> 00:41:30,552
there, or you want to make it

761
00:41:30,592 --> 00:41:32,368
generation or to your employees.

762
00:41:32,560 --> 00:41:34,544
That's exactly how we're

763
00:41:34,688 --> 00:41:35,744
Does that answer your question?

764
00:41:35,848 --> 00:41:37,200
It does indeed.

765
00:41:37,336 --> 00:41:42,096
So I feel like we have

766
00:41:42,144 --> 00:41:45,918
future once you guys are even

767
00:41:45,950 --> 00:41:48,598
learned, what's working well,

768
00:41:48,710 --> 00:41:51,030
Maybe for today we can just go

769
00:41:51,126 --> 00:41:53,886
Are there any final thoughts

770
00:41:53,894 --> 00:41:56,846
sure the listeners leave with

771
00:41:56,894 --> 00:41:59,750
or that we haven't addressed

772
00:41:59,886 --> 00:42:03,522
I'll say first, just thank you

773
00:42:03,862 --> 00:42:09,784
I think that what you are

774
00:42:09,888 --> 00:42:12,136
and I hope that you continue

775
00:42:12,184 --> 00:42:15,464
I think that the information

776
00:42:15,488 --> 00:42:16,880
continue to be disseminated.

777
00:42:17,056 --> 00:42:23,128
And the last final thought is

778
00:42:23,160 --> 00:42:26,344
easy to get caught up in the

779
00:42:26,528 --> 00:42:32,896
And it really is taking a step

780
00:42:32,944 --> 00:42:37,698
the expectation, the

781
00:42:37,850 --> 00:42:44,058
you will be phenomenally set

782
00:42:44,090 --> 00:42:47,290
for a fact that I'm going to

783
00:42:47,346 --> 00:42:51,442
security of being financially

784
00:42:51,482 --> 00:42:55,234
in my life, if I'm okay with

785
00:42:55,298 --> 00:42:58,314
20, 30 years, where do I want

786
00:42:58,458 --> 00:43:00,498
Where do I want to put that

787
00:43:00,650 --> 00:43:05,088
And really ask yourself that

788
00:43:05,160 --> 00:43:05,768
to you?

789
00:43:05,880 --> 00:43:07,652
And go spend your time doing that.

790
00:43:07,992 --> 00:43:10,624
Where can people go to find

791
00:43:10,728 --> 00:43:12,264
If what you shared today has piqued.

792
00:43:12,288 --> 00:43:15,920
People'S interest, you can go

793
00:43:16,096 --> 00:43:20,572
It's not townshipventures.com,

794
00:43:20,992 --> 00:43:24,360
That's where you can find our

795
00:43:24,376 --> 00:43:25,096
to the social media.

796
00:43:25,144 --> 00:43:28,064
I don't know them off the top

797
00:43:28,088 --> 00:43:31,788
LinkedIn as well at Just my

798
00:43:31,900 --> 00:43:35,580
I'd love to connect with

799
00:43:35,596 --> 00:43:36,188
to learn more.

800
00:43:36,260 --> 00:43:36,468
Great.

801
00:43:36,500 --> 00:43:37,884
Lucas, thank you so much for

802
00:43:37,908 --> 00:43:38,872
It's been a pleasure.

803
00:43:39,692 --> 00:43:40,252
Absolutely.

804
00:43:40,292 --> 00:43:40,900
Thanks Josh.

805
00:43:40,996 --> 00:43:41,868
Well friends, it's a wrap.

806
00:43:41,900 --> 00:43:45,564
Thanks so much for listening

807
00:43:45,668 --> 00:43:46,124
Show.

808
00:43:46,228 --> 00:43:48,284
If you want to reach out to

809
00:43:48,308 --> 00:43:50,404
those links down in the show notes.

810
00:43:50,468 --> 00:43:52,476
If you know of someone

811
00:43:52,604 --> 00:43:54,358
let them know about Township Ventures.

812
00:43:54,430 --> 00:43:57,486
As always, keep building, keep

813
00:43:57,534 --> 00:43:59,254
living and leading.

814
00:43:59,358 --> 00:44:11,166
Well, thanks to pleb to

815
00:44:11,214 --> 00:44:14,542
streaming sats to the show on

816
00:44:14,662 --> 00:44:18,566
If you would like to support

817
00:44:18,694 --> 00:44:20,996
and stream sats as you listen.

818
00:44:21,134 --> 00:44:24,008
Or if you like to, you could

819
00:44:24,040 --> 00:44:26,512
note with that boost, I'LL be