Keltham will now explain, in all grim determination, the basic concepts that:

- They are also going to own part of the Project themselves.

- Since Golarion is not a very Lawful place, this basically means, the Project is going to make profits, which the Project reinvests in more subprojects that generate more profits, mostly, but eventually the Project will start using profits to buy back its own shares, once it runs out of better things to invest in.

- As a simplified example, there's a billion people in Golarion.  Suppose that the Project managed to build a widget that costs 1gp to make, but could sell for 2gp, and was worth 4gp to the buyer, and the Project managed to sell one widget like that to everyone in Golarion, but then had nothing else to do with itself so it bought back all its shares and closed down.  The total profits would then be a billion gold pieces.  Owning 1/10,000th of the Project now is then like owning something that will be worth 100,000gp later, but only if the Project actually succeeds.

- People don't get this share right away, any more than you get paid up front for the next 10 years of salary; it vests over time, though usually not on quite the same schedule that a salary gets paid out.

- You can, according to the contract to be signed, sell your profit-share to somebody else, but you probably shouldn't and definitely not without consulting Keltham... you know, actually, given the Manohar thing, Keltham's just going to write into the contract that he must legally be allowed to have a consultation session with any of the researchers before they sell any of their shares.

- Cheliax is investing a bunch of money in this project, and gets to own some of a separate class of shares that can either get paid back at their face value plus high interest before the Project buys back anything else, or convert them into regular Project income shares at a discount that grows with but not as fast as the Project grows.

- One billion gold pieces, or one gold piece per person, which in unskilled labor is? - ten days of unskilled labor outside Cheliax, or five days within it, thanks - yeah, he'll stick with that wild-guess-round-number, that sounds like roughly the right ballpark figure for where the Project could end up.  In general, Keltham is looking to increase the wealth of Golarion by much more than just 2 gold pieces per person; he is definitely looking to save more than 20 days of labor for everyone.  But to get to that point, some of the work here is going to be done by spinoff corporations that need to pay income shares to their own investors and researchers, though the Project might still take a share in those spinoffs if the Project is providing key ideas or training their people.  You can't actually realistically capture half the gains to a whole planet of a technological revolution like this one, even in just the more material aspects.  Keltham is going to try to grab a relatively larger share of gains at first, because he expects to have so many other projects that he needs to reinvest in, but in the longer run where the really large profits start to come in, no, it won't be half the gains.  There comes a point past which it's sorta silly to try.

- So although it is a very wild figure, Keltham is guessing that the ten-year or fifteen-year profits of the Project should end up at somewhere near a billion gold.  Could be a hundred million gold, could be zero.  For it to be ten billion gold probably requires looking far enough in the future that people are wealthy enough to have that much to pay.

- The Project doesn't need to have started buying back its shares for you to get paid.  The idea would usually be that somebody else buys those shares from you in the expectation that the Project will buy them back later, at an increased price that looks a lot like whatever interest rates are like around here.  The share you get is one where for you to sell right now, to somebody who didn't really believe in the Project, would not really be worth it compared to your regular salary.  If you want to get incredibly rich this way, you need the Project to succeed and convince its skeptics so they want to buy your shares at some reasonable fraction of what they'll be worth after 15 years since Project start.

Keltham will now explain, in all grim determination, the basic concepts that:

- They are also going to own part of the Project themselves.

- Since Golarion is not a very Lawful place, this basically means, the Project is going to make profits, which the Project reinvests in more subprojects that generate more profits, mostly, but eventually the Project will start using profits to buy back its own shares, once it runs out of better things to invest in.

- As a simplified example, there's supposed to be a billion people in Golarion.  Suppose that the Project figured out how to build a widget that costs 1gp to make, but could sell for 2gp, and was worth 4gp to the buyer, and the Project managed to sell one widget like that to everyone in Golarion, but then had nothing else to do with itself so it bought back all its shares and closed down.  The total profits would then be a billion gold pieces.  Owning 1/10,000th of the Project now is then like owning something that will be worth 100,000gp later, but only if the Project actually succeeds.

- People don't get this share right away, any more than you get paid up front for the next 10 years of salary; it vests over time, though usually not on quite the same schedule that a salary gets paid out.

- You can, according to the contract to be signed, sell your profit-share to somebody else, but you probably shouldn't and definitely not without consulting Keltham... you know, actually, given the Manohar thing, Keltham's just going to write into the contract that he must legally be allowed to have a consultation session with any of the researchers before they sell any of their shares.

- Cheliax is investing a bunch of money in this project, and gets to own some of a separate class of shares that can either get paid back at their face value plus high interest before the Project buys back anything else, or convert them into regular Project income shares at a discount that grows with but not as fast as the Project grows.

- One billion gold pieces, or one gold piece per person, which in unskilled labor is? - ten days of unskilled labor outside Cheliax, or five days within it, thanks - yeah, he'll stick with that wild-guess-round-number, that sounds like roughly the right ballpark figure for where the Project could end up.  In general, Keltham is looking to increase the wealth of Golarion by much more than just 2 gold pieces per person; he is definitely looking to save more than 20 days of labor for everyone.  But to get to that point, some of the work here is going to be done by spinoff corporations that need to pay income shares to their own investors and researchers, though the Project might still take a share in those spinoffs if the Project is providing key ideas or training their people.  You can't actually realistically capture half the gains to a whole planet of a technological revolution like this one, even in just the more material aspects.  Keltham is going to try to grab a relatively larger share of gains at first, because he expects to have so many other projects that he needs to reinvest in, but in the longer run where the really large profits start to come in, no, it won't be half the gains.  There comes a point past which it's sorta silly to try.

- So although it is a very wild figure, Keltham is guessing that the ten-year or fifteen-year profits of the Project should end up at somewhere near a billion gold.  Could be a hundred million gold, could be zero.  For it to be ten billion gold probably requires looking far enough in the future that people are wealthy enough to have that much to pay.

- The Project doesn't need to have started buying back its shares for you to get paid.  The idea would usually be that somebody else buys those shares from you in the expectation that the Project will buy them back later, at an increased price that looks a lot like whatever interest rates are like around here.  The share you get is one where for you to sell right now, to somebody who didn't really believe in the Project, would not really be worth it compared to your regular salary.  If you want to get incredibly rich this way, you need the Project to succeed and convince its skeptics so they want to buy your shares at some reasonable fraction of what they'll be worth after 15 years since Project start.

Keltham will now explain, in all grim determination, the basic concepts that:

- They are also going to own part of the Project themselves.

- Since Golarion is not a very Lawful place, this basically means, the Project is going to make profits, which the Project reinvests in more subprojects that generate more profits, mostly, but eventually the Project will start using profits to buy back its own shares, once it runs out of better things to invest in.

- As a simplified example, there's supposedly a billion people in Golarion.  Imagine that the Project figured out how to build a widget that costs 1gp to make, but could sell for 2gp, and was worth 4gp to the buyer, and the Project managed to sell one widget like that to everyone in Golarion, but then had nothing else to do with itself so it bought back all its shares and closed down.  The total profits would then be a billion gold pieces.  Owning 1/10,000th of the Project now is then like owning something that will be worth 100,000gp later, but only if the Project actually succeeds.

- People don't get this share right away, any more than you get paid up front for the next 10 years of salary; it vests over time, though usually not on quite the same schedule that a salary gets paid out.

- You can, according to the contract to be signed, sell your profit-share to somebody else, but you probably shouldn't and definitely not without consulting Keltham... you know, actually, given the Manohar thing, Keltham's just going to write into the contract that he must legally be allowed to have a consultation session with any of the researchers before they sell any of their shares.

- Cheliax is investing a bunch of money in this project, and gets to own some of a separate class of shares that can either get paid back at their face value plus high interest before the Project buys back anything else, or convert them into regular Project income shares at a discount that grows with but not as fast as the Project grows.

- One billion gold pieces, or one gold piece per person, which in unskilled labor is? - ten days of unskilled labor outside Cheliax, or five days within it, thanks - yeah, he'll stick with that wild-guess-round-number, that sounds like roughly the right ballpark figure for where the Project could end up.  In general, Keltham is looking to increase the wealth of Golarion by much more than just 2 gold pieces per person; he is definitely looking to save more than 20 days of labor for everyone.  But to get to that point, some of the work here is going to be done by spinoff corporations that need to pay income shares to their own investors and researchers, though the Project might still take a share in those spinoffs if the Project is providing key ideas or training their people.  You can't actually realistically capture half the gains to a whole planet of a technological revolution like this one, even in just the more material aspects.  Keltham is going to try to grab a relatively larger share of gains at first, because he expects to have so many other projects that he needs to reinvest in, but in the longer run where the really large profits start to come in, no, it won't be half the gains.  There comes a point past which it's sorta silly to try.

- So although it is a very wild figure, Keltham is guessing that the ten-year or fifteen-year profits of the Project should end up at somewhere near a billion gold.  Could be a hundred million gold, could be zero.  For it to be ten billion gold probably requires looking far enough in the future that people are wealthy enough to have that much to pay.

- The Project doesn't need to have started buying back its shares for you to get paid.  The idea would usually be that somebody else buys those shares from you in the expectation that the Project will buy them back later, at an increased price that looks a lot like whatever interest rates are like around here.  The share you get is one where for you to sell right now, to somebody who didn't really believe in the Project, would not really be worth it compared to your regular salary.  If you want to get incredibly rich this way, you need the Project to succeed and convince its skeptics so they want to buy your shares at some reasonable fraction of what they'll be worth after 15 years since Project start.

Keltham will now explain, in all grim determination, the basic concepts that:

- They are also going to own part of the Project themselves.

- Since Golarion is not a very Lawful place, this basically means, the Project is going to make profits, which the Project reinvests in more subprojects that generate more profits, mostly, but eventually the Project will start using profits to buy back its own shares, once it runs out of better things to invest in.

- As a simplified example, there's supposedly a billion people in Golarion.  Imagine that the Project figured out how to build a widget that costs 1gp to make, but could sell for 2gp, and was worth 4gp to the buyer, and the Project managed to sell one widget like that to everyone in Golarion, but then had nothing else to do with itself so it bought back all its shares and closed down.  The total profits would then be a billion gold pieces.  Owning 1/10,000th of the Project now is then like owning something that will be worth 100,000gp later, but only if the Project actually succeeds.

- People don't get this share right away, any more than you get paid up front for the next 10 years of salary; it vests over time, though usually not on quite the same schedule that a salary gets paid out.

- You can, according to the contract to be signed, sell your profit-share to somebody else, but you probably shouldn't and definitely not without consulting Keltham... you know, actually, given the Manohar thing, Keltham's just going to write into the contract that he must legally be allowed to have a consultation session with any of the researchers before they sell any of their shares.

- Cheliax is investing a bunch of money in this project, and gets to own some of a separate class of shares that can either get paid back at their face value plus high interest before the Project buys back anything else, or convert them into regular Project income shares at a discount that grows with but not as fast as the Project grows.

- One billion gold pieces, or one gold piece per person, which in unskilled labor is? - ten days of unskilled labor outside Cheliax, or five days within it, thanks - yeah, he'll stick with that wild-guess-round-number, that sounds like roughly the right ballpark figure for where the Project could end up.  In general, Keltham is looking to increase the wealth of Golarion by much more than just 2 gold pieces per person; he is definitely looking to save more than 20 days of labor for everyone.  But to get to that point, some of the work here is going to be done by spinoff corporations that need to pay income shares to their own investors and researchers, though the Project might still take a share in those spinoffs if the Project is providing key ideas or training their people.  You can't actually realistically capture half the gains to a whole planet of a technological revolution like this one, even in just the more material aspects.  Keltham is going to try to grab a relatively larger share of gains at first, because he expects to have so many other projects that he needs to reinvest in, but in the longer run where the really large profits start to come in, no, it won't be half the gains.  There comes a point past which it's sorta silly to try.

- So although it is a very wild figure, Keltham is guessing that the ten-year or fifteen-year profits of the Project should end up at somewhere near a billion gold.  Could be a hundred million gold, could be zero.  For it to be ten billion gold probably requires looking far enough in the future that people are wealthy enough to have that much to pay.

- The Project doesn't need to have started buying back its shares for you to get paid.  The idea would usually be that somebody else buys those shares from you in the expectation that the Project will buy them back later, at an increased price that looks a lot like whatever interest rates are like around here.  The share you get is usually one where, for you to sell right now, to somebody who didn't really believe in the Project, would not be worth too much more than your regular salary.  If you want to get incredibly rich this way, you need the Project to succeed and convince its skeptics so they want to buy your shares at some reasonable fraction of what they'll be worth after 15 years since Project start.

Keltham will now explain, in all grim determination, the basic concepts that:

- They are also going to own part of the Project themselves.

- Since Golarion is not a very Lawful place, this basically means, the Project is going to make profits, which the Project reinvests in more subprojects that generate more profits, mostly, but eventually the Project will start using profits to buy back its own shares, once it runs out of better things to invest in.

- As a simplified example, there's supposedly a billion people in Golarion.  Imagine that the Project figured out how to build a widget that costs 1gp to make, but could sell for 2gp, and was worth 3gp to the buyer, and the Project managed to sell one widget like that to everyone in Golarion, but then had nothing else to do with itself so it bought back all its shares and closed down.  The total profits would then be a billion gold pieces.  Owning 1/10,000th of the Project now is then like owning something that will be worth 100,000gp later, but only if the Project actually succeeds.

- People don't get this share right away, any more than you get paid up front for the next 10 years of salary; it vests over time, though usually not on quite the same schedule that a salary gets paid out.

- You can, according to the contract to be signed, sell your profit-share to somebody else, but you probably shouldn't and definitely not without consulting Keltham... you know, actually, given the Manohar thing, Keltham's just going to write into the contract that he must legally be allowed to have a consultation session with any of the researchers before they sell any of their shares.

- Cheliax is investing a bunch of money in this project, and gets to own some of a separate class of shares that can either get paid back at their face value plus high interest before the Project buys back anything else, or convert them into regular Project income shares at a discount that grows with but not as fast as the Project grows.

- One billion gold pieces, or one gold piece per person, which in unskilled labor is? - ten days of unskilled labor outside Cheliax, or five days within it, thanks - yeah, he'll stick with that wild-guess-round-number, that sounds like roughly the right ballpark figure for where the Project could end up.  In general, Keltham is looking to increase the wealth of Golarion by much more than just 2 gold pieces per person; he is definitely looking to save more than 20 days of labor for everyone.  But to get to that point, some of the work here is going to be done by spinoff corporations that need to pay income shares to their own investors and researchers, though the Project might still take a share in those spinoffs if the Project is providing key ideas or training their people.  You can't actually realistically capture half the gains to a whole planet of a technological revolution like this one, even in just the more material aspects.  Keltham is going to try to grab a relatively larger share of gains at first, because he expects to have so many other projects that he needs to reinvest in, but in the longer run where the really large profits start to come in, no, it won't be half the gains.  There comes a point past which it's sorta silly to try.

- So although it is a very wild figure, Keltham is guessing that the ten-year or fifteen-year profits of the Project should end up at somewhere near a billion gold.  Could be a hundred million gold, could be zero.  For it to be ten billion gold probably requires looking far enough in the future that people are wealthy enough to have that much to pay.

- The Project doesn't need to have started buying back its shares for you to get paid.  The idea would usually be that somebody else buys those shares from you in the expectation that the Project will buy them back later, at an increased price that looks a lot like whatever interest rates are like around here.  The share you get is usually one where, for you to sell right now, to somebody who didn't really believe in the Project, would not be worth too much more than your regular salary.  If you want to get incredibly rich this way, you need the Project to succeed and convince its skeptics so they want to buy your shares at some reasonable fraction of what they'll be worth after 15 years since Project start.

Keltham will now explain, in all grim determination, the basic concepts that:

- They are also going to own part of the Project themselves, in the form of 'shares', fractions of the Project that they own.

- The Project will generate profits, which the Project reinvests in more subprojects that generate more profits, mostly, but eventually the Project will start using profits to buy back its own shares, once it runs out of better things to invest in.

- As a simplified example, there's supposedly a billion people in Golarion.  Imagine that the Project figured out how to build a widget that costs 1gp to make, but could sell for 2gp, and was worth 3gp to the buyer, and the Project managed to sell one widget like that to everyone in Golarion, but then had nothing else to do with itself so it bought back all its shares and closed down.  The total profits would then be a billion gold pieces.  Owning 1/10,000th of that Project now is then like owning something that will be worth 100,000gp later, but only if that Project actually succeeds.

- People don't get this share right away, any more than you get paid up front for the next 10 years of salary; it vests over time, though usually not on quite the same schedule that a salary gets paid out.

- You can, according to the contract to be signed, sell your profit-share to somebody else, but you probably shouldn't and definitely not without consulting Keltham... you know, actually, given the Manohar thing, Keltham's just going to write into the contract that he must legally be allowed to have a consultation session with any of the researchers before they sell any of their shares.

- Cheliax is investing a bunch of money in this project, and gets to own some of a separate class of shares that can either get paid back at their face value plus high interest before the Project buys back anything else, or convert them into regular Project income shares at a discount that grows with but not as fast as the Project grows.

- One billion gold pieces, or one gold piece per person, which in unskilled labor is? - ten days of unskilled labor outside Cheliax, or five days within it, thanks - yeah, he'll stick with that wild-guess-round-number, that sounds like roughly the right ballpark figure for where the Project could end up.  In general, Keltham is looking to increase the wealth of Golarion by much more than just 2 gold pieces per person; he is definitely looking to save more than 20 days of labor for everyone.  But to get to that point, some of the work here is going to be done by spinoff corporations that need to pay income shares to their own investors and researchers, though the Project might still take a share in those spinoffs if the Project is providing key ideas or training their people.  You can't actually realistically capture half the gains to a whole planet of a technological revolution like this one, even in just the more material aspects.  Keltham is going to try to grab a relatively larger share of gains at first, because he expects to have so many other projects that he needs to reinvest in, but in the longer run where the really large profits start to come in, no, it won't be half the gains.  There comes a point past which it's sorta silly to try.

- So although it is a very wild figure, Keltham is guessing that the ten-year or fifteen-year profits of the Project should end up at somewhere near a billion gold.  Could be a hundred million gold, could be zero.  For it to be ten billion gold probably requires looking far enough in the future that people are wealthy enough to have that much to pay.

- The Project doesn't need to have started buying back its shares for you to get paid.  The idea would usually be that somebody else buys those shares from you in the expectation that the Project will buy them back later, at an increased price that looks a lot like whatever interest rates are like around here.  The share you get is usually one where, for you to sell right now, to somebody who didn't really believe in the Project, would not be worth too much more than your regular salary.  If you want to get incredibly rich this way, you need the Project to succeed and convince its skeptics so they want to buy your shares at some reasonable fraction of what they'll be worth after 15 years since Project start.

Keltham will now explain, in all grim determination, the basic concepts that:

- They are also going to own part of the Project themselves, in the form of 'shares', fractions of the Project that they own.

- The Project will generate profits, which the Project reinvests in more subprojects that generate more profits, mostly, but eventually the Project will start using profits to buy back its own shares, once it runs out of better things to invest in.

- As a simplified example, there's supposedly a billion people in Golarion.  Imagine that the Project figured out how to build a widget that costs 1gp to make, but could sell for 2gp, and was worth 3gp to the buyer, and the Project managed to sell one widget like that to everyone in Golarion, but then had nothing else to do with itself so it bought back all its shares and closed down.  The total profits would then be a billion gold pieces.  Owning 1/10,000th of that Project now is then like owning something that will be worth 100,000gp later, but only if that Project actually succeeds.

- People don't get this share right away, any more than you get paid up front for the next 10 years of salary; it vests over time, though usually not on quite the same schedule that a salary gets paid out.

- You can, according to the contract to be signed, sell your profit-share to somebody else, but you probably shouldn't and definitely not without consulting Keltham... you know, actually, given the Manohar thing, Keltham's just going to write into the contract that he must legally be allowed to have a consultation session with any of the researchers before they sell any of their shares.

- Cheliax is investing a bunch of money in this project, and receives 'convertible debt' that can either get paid back at face value plus high interest before the Project buys back anything else, or convert into regular Project income shares at a discount that grows with but not as fast as the Project grows.

- One billion gold pieces, or one gold piece per person, which in unskilled labor is? - ten days of unskilled labor outside Cheliax, or five days within it, thanks - yeah, he'll stick with that wild-guess-round-number, that sounds like roughly the right ballpark figure for where the Project could end up.  In general, Keltham is looking to increase the wealth of Golarion by much more than just 2 gold pieces per person; he is definitely looking to save more than 20 days of labor for everyone.  But to get to that point, some of the work will be done by spinoff corporations that need to pay income shares to their own investors and researchers, though the Project might still take a share in those spinoffs if the Project is providing key ideas or training their people.  You can't actually realistically capture half the gains to a whole planet of a technological revolution like this one, even in just the more material aspects.  Keltham is going to try to grab a relatively larger share of gains at first, because he expects to have so many other projects that he needs to reinvest in, but in the longer run where the really large profits start to come in, no, it won't be half the gains.  There comes a point past which it's sorta silly to try.

- So although it is a very wild figure, Keltham is guessing that the ten-year or fifteen-year profits of the Project should end up at somewhere near a billion gold.  Could be a hundred million gold, could be zero.  For it to be ten billion gold probably requires looking far enough in the future that people are wealthy enough to have that much to pay.

- The Project doesn't need to have started buying back its shares for you to get paid.  The idea would usually be that somebody else buys those shares from you in the expectation that the Project will buy them back later, at an increased price that looks a lot like whatever interest rates are like around here.  The share you get is usually one where, for you to sell right now, to somebody who didn't really believe in the Project, would not be worth too much compared to your regular salary.  If you want to get incredibly rich this way, you need the Project to succeed and convince its skeptics so they want to buy your shares at some reasonable fraction of what they'll be worth after 15 years since Project start.