Anthony Pompliano

So the knee-jerk reaction is – which the politicos use is that.

On the other side of it, I just look at commission-based theory.

And commission-based theory says, okay, everything you invent as a founder –

A founder's share after dilution at Series D, Series E usually hovers around 27.5%.

So if you take Series A, Series B, Series C, D, and you just look at that, you say, okay, well, let's just lock them at 30% assuming all these companies, and then just add it up.

And it's like commission based theory.

And then you add it up and you go, wow, that's not so crazy.

And I look at it and I say, that's low because he didn't have to do a series A and give up 20 percent.

He didn't have to do a series B and give up 15 percent and then give up 12 and a half percent and give up 10 percent.

The typical flow.

He didn't have to do that.

And so therefore, his commission rate is higher.

And you look at it and you say, wait a minute.

I think he's already a trillionaire because when I look at them saying, well, and we apply the private company discount, this is not a private company in a traditional sense.

This guy walks up to Goldman the same way IBM walks up to Goldman and says, I need $100 billion in bonds.

IBM makes that phone call and they say, what are you doing?

Well, we're doing this thing, cloud in the sky and big blue or whatever they call their thing.

And they get it.

Elon Musk can do the same thing.

So he's not really a private company.