The AI Infrastructure BOOM | Building Funds w/ Fund Launch AI LIVE

What kind of fund is interesting right now? Or what could I work on? Obviously, AI and AI infrastructure is a massive opportunity that a lot of folks are getting into. And maybe we're late, maybe we're early, but you could— and some people call this a boom. Some people call it a bust. Are we in a bubble? It's going to pop or is it a boom? Are we in the supercycle, in the golden age of America? What are we in right now? You see kind of 2 conversations happening. Well, I want— today, I want to talk through those 2 conversations and let you decide. Uh, you know, what's going on in the world. Okay, to give you a premise with AI, and this again, why does this happen? Because most investing right now is happening in one of the 5 layers of the AI infrastructure cake. Now this comes from Nvidia. They posted a pretty in-depth article and did their whole conference around AI is a 5-layer cake. What are the layers? Okay, these are the layers of the AI cake. The bottom one is energy. Everything starts with electrons and energy, Right? Energy production from here. Next, we have the chips layer. So these are high advanced chips. Nvidia is the leader of this in the world, largest company that makes the best chips, at least so far in this stack. Next is infrastructure. This is data centers. This is actually putting the chips together and making them useful. You saw Elon do Colossus 1 and 2. We have data centers going in space, big fights around the country around data center and are data centers bad? Are they good? Are they good? You know, You have this big fight. The next level is the model layer. So this is— right now you have 2 leaders, a duopoly forming with OpenAI and Anthropic at the model layer. They are producing the best intelligence and selling that intelligence to application layers. Now, can you go interface with Claude directly at the model layer? Yes. But there's also many application layers like Harvey Legal, Replit, Lovable. These are deca-billion-dollar companies right now. Fun Launch AI is one of them. at the application layer that makes a complex workflow work well with the model layer. And so you have baseline intelligence as Claude, like 5.1 comes out yesterday with Fable, every— all the application layers also get smarter with complex workflows. We've done this with funds, for example, is a complex workflow is building your fund. You need lawyers, you need humans in the loop, you need certain steps, certain provisions. We've made this complex workflow pretty simple At the application layer, if that makes any sense. Okay, now we're going to talk about additionally these five technology platforms coming out right now: artificial intelligence, robotics, energy storage, blockchain, and multi-annex sequencing, and why this could be a supercycle right now in America. Okay, give a little teaser for today. Now, sound pretty fun? We dive into some of that? Yeah. Okay, type a yes in the chat. Maybe move my screen so they can see the words here. Now, why is Bridger— who am I and why am I qualified to speak on this? I'm just some guy on a screen. Like, what makes me somewhat qualified to speak on some of this? Okay, so to date, our team and me have raised $84 million of equity. That is investors in equity from investors. This year alone, we've raised $30 million and we have verbal commitments for another about $25 million to come in later this year. So we should be over $100 million of raised this year by the end of this year. Our portfolio has over $640 million of aggregate portfolio AUM that we manage right now. We've launched, I have launched 5 funds under 3 different platforms. I actually exited one of those funds. I'll tell that in a minute. I actually built a fund out of college, ran it for 3 and a half years, and actually fully exited that fund as well. So I've gone full cycle on a fund and I actively run 2 funds as well. We have 17 portfolio funds. We have hundreds of limited partners in these funds. Through Fund Launch, we've done over $47 million of revenue. This has put us on the Inc. 5000 of fastest growing companies in America. We were just named last week Utah, and we're in the state of Utah, Utah's fastest 50 companies in the state of Utah. So we've done really well. We've had some great success. So yes, I feel somewhat qualified to speak on this. We are an AI native, AI first company in the emergence of AI. We feel like we're pretty innovative. We just actually got placed as Utah's, one of Utah's most innovative companies as well. Now, with all that, it's a pretty good resume. I've done decently well. I have about 400,000 social media followers as well. So, I practice what I preach. Additionally though, I actually dropped out of college. I do not have a college degree. I did not attend an Ivy League school. I did not work on Wall Street, and I live in Utah. For crying out loud, like Utah's a flyover state for most people, and Utah's amazing. This is my beautiful family. It's my wife, and and we have two kids and nine chickens. Utah's awesome. If you guys want to raise a family, I highly recommend Utah. But like I like to say this because it's like I didn't, I don't, I didn't come from some perfect thing. Regular people can break into this space. Regular folks. Now you got to be smart. You got to be intentional. You got to know what you're doing. But people that live in Utah that dropped out of college and didn't go to Ivy League school can still do this. And I'm living proof. If you go back to this slide of what we've done so far and we're still in the game, I'm still doing this right now actively every single day. Does that sound good? Through Fund Launch as well, you guys, our community, we've launched over 400 funds and syndications out of Fund Launch. Like, that's a huge round of applause, you guys. $7.1 billion reported Fund Launch client AUM. A massive amount of money that you guys have managed and done well. For example, this is a group that came through. This is All In Ventures. They paid us roughly $30 grand. We helped them structure and build their fund. They launched their Fund 1. This is the incubator. It's a venture capital fund. They incubate— this building they're in is full of about 200 startups from local universities that they incubate, and then they write checks into their favorite ones. They raised $20 million in their Fund 1. I believe they're coming out with their Fund 2 soon. Which is pretty awesome. So kudos to these guys. This is Percy. He came through, he did multifamily. This is— he just posted this last month. They just closed on another 229-unit apartment complex in Oklahoma. He's done very well. We helped them launch their fund. He has over $100 million of AUM. So yes, what we've done works. Okay. At the end of today's call as well, I want to pull out the iPad. We'll do questions. VIP members, you said that you guys are all VIPs on this call today, so you guys can come in and ask questions. Okay. So we're going to talk about building investment funds, private equity venture capital funds, hedge funds, real estate funds, private credit funds, and what we've done exclusively through Fund Launch AI, how we've helped people build this through Fund Launch AI. Okay. So again, if you haven't created a free account, you guys are welcome during this call, open up Chrome, Safari, and go create a free account. Bridger, what are you pushing? It's like literally go create a free account on Fund Launch AI and just start playing with it. Do this live with me, build with me. Okay. My goal for today, though, is that you should consider launching an investment fund. Okay, we've helped people, and maybe put me full screen here so they can see all these, or sorry, put the slide full screen. We've helped people build multifamily real estate funds, sports gambling funds, commercial real estate funds, short-term rental funds, long-short trading funds, African food supply chain funds, forex trading funds, crypto trading funds, real estate lending funds, almond and nut farm acquisition funds, debt consolidation loans, seller finance or sub-to Funds, startup investing funds, business acquisition funds, single-family real estate funds, software industry roll-up funds, farming funds, shipping container funds, Canadian funds, venture studio funds, competitor roll-up funds, and many, many more hard money lending funds, uh, as well. Okay? We've helped an immense amount of different type of funds launch. So yes, I know a thing or two about funds and how funds are built. Okay? Now it's a big agenda. We're We're gonna go fast. Sound good? Can I get an amen in the chat if we keep going? Yeah. All right. Thank you for your participation. I love— type an amen in the chat for me. All right, let's get into it. Let's talk about AI and this 5-layer cake and maybe where some opportunities lie for us and how at least I am thinking about the market right now. Okay. So I, we talked about this a second ago, but you look at each one of these layers, we are seeing constraints at all of the layers currently. The energy layer, the chip layer, the infrastructure layer, model layer, and application layer. Energy, if you— this is a whole— each one of these could be a full rabbit hole, and there are billion, multi-billion dollar companies all attacking each one of these. And your energy is how many electrons are we producing? Uh, you see this with nuclear energy, solar energy. How do we get more electrons to an outdated grid in the United States? How do we keep up with China? Huge, uh, one there. You can see here, this is China versus the United States and European Union. I mean, China is on pace to drastically out, uh, out, you know, reach the United States in total electron output, um, which is very interesting. Um, this is another projection through— I think we're, we're here now looking at where the United States and China are in new energy production. Okay, um, chips. This has been a huge— we had the CHIPS Act a few years ago, huge negotiation with Taiwan and semiconductors, onshoring chips. We actually have done quite a bit of onshoring of chips the last couple years, huge here with Nvidia, Intel, and a few others. Infrastructure. This is the land power. You're seeing a lot of groups doing infrastructure plays with data centers. I've seen a ton of funds do land entitlements. They buy land, they resell it to Google or others once it's entitled for a markup. We see others putting together the infrastructure for a data center, small data centers, large data centers, data centers in space, This is massive, a massive, massive space here. Models. We have, we, you know, still have about 5 frontier models. 2 though are becoming the winners, at least so far, which is OpenAI and Anthropic. Google Gemini looks like they're gonna be launching a new model this week. GrokBot just came out though. So you have a few others. Meta is looking like they have things in the works. So we still have quite a, quite a bit of competition here, but we'll see what works and what happens here. And then finally, the application layer. This is drug discovery platforms, industrial robotics, legal copilots, self-driving cars. These are all application layers on top of all the other layers here. This is what's happening across the world. Now, a few months ago, we had a major shift in the world of AI. We had the ChatGPT moment a few years ago, and then we had the OpenCLAW moment. This happened in January. If you're not familiar with this, The OpenClaw moment was an open source project that was published by a small group. It took off in about 2 weeks. It was reported they had a billion dollar offer from Sam Altman. This was the, they had this whole essentially open source concept that it would go into a Mac mini, OpenClaw. You could essentially take over a Mac mini, keep all the local storage, local security, and local hardware and have it run whatever task you want indefinitely. This is why people started buying a bunch of Mac minis, and building this out. Um, you saw people do stunts like this of OpenClaw taking on Wall Street because you saw the, the SaaSpocalypse. You saw people building out their own softwares over earlier this year. Um, Jensen Huang talked about this Claude code, uh, moment that we've had here with OpenClaw. Like, we had the ChatGPT moment, we then had model and context 10x in 2024, Claude code in 2025, 2026 was OpenClaw. And then they built out their competitor called NemoClaw, to this with Jensen Huang. And then since then, we've seen Hermes come out, which is a huge upgrade. And then just last week, we saw GroqBot come out, which is another huge upgrade to full agentic AI. Our team, we have multiple Mac Minis in our office, multiple things that we're building on, and this has been quite an evolution in this world on the, I guess, application layer on these models. Pretty interesting. Now, I'm going faster, but I wanted to share a few other things and kind of get more in the meat of what today I want to talk about. Let's go here. Let's talk about this. This is from the White House official website. We have $9.6 trillion— trillion with a T— dollars committed to invest in the United States. Now, Some people can get mad or argue, or it's not committed. Like, that's an immense amount of money. Even if half that money came in, it would be immense. And you can see the people here. These are countries, Qatar, Japan, you, but you even see like Meta, Apple putting $600 billion in each to AI infrastructure and workforce expansion in the United States. Okay. Uh, how much is $9.6 trillion? I know we throw numbers around quite a bit. To give you a sense of how big this is, okay, you could buy all 32 NFL teams, all 30 NBA teams, all 30 MLB teams. You can see the total values at the bottom here for $470 billion. You could do all of that and still have $9.13 trillion left. That would still— Meta could do that alone with this $600 billion and still have about $200 billion left over. That's— this is an immense amount of capital being deployed. We have been throwing around billions and trillions of dollars immensely, but this is a huge— this is unprecedented, the capital injection that we are seeing into this world. We have $9.6 trillion. So you might be asking, is it a good time to start a fund? And we haven't even talked— what is a fund? All a fund is, is it's pooling resources together, pooling capital to go make an investment, and then split the returns, typically 80/20, with your investors. So when you talk about funds, um, let me give you a few examples. Uh, well, maybe I'll— I might even draw it out here. If you'd like, look at what are funds. And what are some options here? Let me switch my screen. So I'm going to go, I'm going ad hoc here. So now look at what is a fund. I'm going to draw it once the iPad loads. Give me a second. Okay. You got it there. Okay. Boom. So what is a fund? All a fund is, now there's words like private equity, hedge funds, venture capital funds. The one thing that bugs me about finance, high finance, is they make simple things very complex. This is not that complex. All a fund is, is just a pool of money. Okay? And you have managers, fund managers that manage this pool, and you have investors. So, investors are over here. Investors put money into the pool.

Yeah.

The pool of money, they go and make an investment. Let's say we buy some real estate. Whenever that real estate makes money, the money flows back to the pool of money and gets split, typically 20% to the fund managers and 80% to the investors. That's it. Like, this is one of the oldest business models in the world.

Okay?

Like, let's go start a blacksmith shop. Okay, let's get some investors in. We'll start doing blacksmiths, like a big shop. And then once it gets returns, we'll split the returns. I'm Christopher Columbus. Let's go to the New World. Give me some money. We'll go to the New World. We'll get some gold. We'll split the returns. Okay? This is one of the oldest business models on earth. Now, so what's the difference then between, if I use this, let's go over here. These types of funds. So what is a— I'm going to copy this, actually bring it over with us. Let's do this. Sorry, I'm doing this ad hoc here. So what makes a hedge fund or a private credit fund or a debt fund or a real estate fund? What makes those is what they invest into. So let's take a simple one, for example. Let's take a real estate fund. What's a real estate fund? A real estate fund is a pool of money. They buy and sell real estate. Ta-da! Okay, what's a private equity fund? Instead of buying real estate, they buy private equity or private ownership in private businesses. So they're buying just privately held businesses. That's what private equity is. Same essential concept. What's a hedge fund? A hedge fund, instead of buying real estate or private businesses, they're buying public businesses or public securities, stocks, bonds, options, forex, crypto. That's all a hedge fund is. Okay. What's a debt or slash private credit fund? A private credit fund is a pool of money. Instead of doing these other things, they go and issue loans. They make loans to others. Whenever those loans make money, they split the returns. Venture capital, what's that? They invest into early-stage startups. It's not that crazy. These are actually all pretty similar businesses. And I know because we've launched 400 of them. I have ran 5 different funds. I've ran a A private credit fund, wherever that is right here. I ran a private credit fund. I've also ran a hedge fund and I've also run a venture capital fund. Like, I'm telling you from experience, I know how these funds run. We've raised, you know, and we manage over $640 million between these funds. This is how they run. Now, they don't— the technical term is not pool of money or fund manager investors. The technical terms are this right here.

Okay?

And I'll just zoom in on this so you can see it. Okay? Instead of, you can see my graph here. Instead of a pool of money, you see the pool here, it's called a limited partnership. That's an entity. Each one of these boxes represents an entity. That's an entity. That's the fund. Instead of investors, they're called limited partners or LPs. Limited partners put money into a limited partnership. And it's managed by fund managers over here. And they have 2 entities typically, your general partner and your management company. And they manage the limited partnership that goes and makes investments. Whenever the investments make money, it flows back to the limited partnership and gets split 80% here and 20% here. Not too crazy, right? This, by the way, this little structure, this is how 99% of all private capital in the world is raised, is through this little structure right here. Isn't that wild? And this is all governed by 2 documents here. 2 main documents, at least your LPA, your limited partnership agreement, and your PPM, your private placement memorandum. These 2 documents we lovingly call the Bible. They are all the bylaws, the codes of everything that's built inside of a fund. That's what, that's what happens here. Now, if you wanted to go build a fund— sorry, it's gonna go black for a second. You can Google like, how much does it cost to build a private equity fund? Can ask Google here. We'll pull up AI mode. It estimates between $150,000 and $500,000 in upfront costs. I mean, this is a usually— this has been— this is why most people don't launch funds. Additionally, this is the number one category of billionaires is investment funds. Okay? Now, what we have done, our mission at Fund Launch is to democratize Wall Street. This historically has only been accessible to people that are doing, you know, multi-hundred million dollar funds, came from an Ivy League school, came out of Wall Street. And now— We've built Fund Launch AI. We are democratizing Wall Street. Someone can come and say, hey, I want to build— you can see here now, you know these terms— a hedge fund or a private equity fund. I'm going to raise $50 million. We're buying small HVAC businesses in Kansas City and looking to roll them up and scale. I can start building out my fund in about 30 minutes to an hour. I can actually build out a full fund inside of Fund Launch AI, help draft my LP and PPM, the legal docs, the structure, everything included on here to go and take advantage of this amazing AI infrastructure buildout that's going on in the world right now. Um, as this builds it out, by the way, right now you have permission, you can go I will drop a link down below. You can book a call or you can actually go work with Fund Launch AI right now. You can create a free account, use ATHENA25 as a discount code. We'll drop it in the chat as well. But you can actually start building out all the dependencies in your fund. If you go to legal, now that you saw what I just shared, look at right here. You have 3 entities, your management company, your general partner, and your limited partnership. These are the 3 main companies of your fund. You have about 13 underlying supporting documents, but mainly you have your LPA and PPM, which are right here. So here's your LPA, limited partnership agreement, very complex and thick documents. You can put them here and you can work with your agent bar on the left to actually build out your fund. You can build out your scroll decks, custom themes, etc. inside of here.

All right.

Feeling good. Okay, so hit that in the chat. You guys can open up Chrome Safari, go create a free account. Let's keep talking about this right here, this season that we're in. So we have $9.6 trillion committed to investing in the United States. An immense amount of money. Okay? I'm a big believer in seasons. Actually, I was with Tony Robbins. We were in a small group, about 25 of us. We got to meet with Tony and be with him for a few hours and a few others. If you guys are Tony Robbins fans, really cool stuff what he does. This is interesting though. If you look through history, there's been certain moments in history where we saw the emergence of major technologies that shaped humanity. A previous one was the turn of the 1900s. We had the telephone, electricity, and combustion engine all come out within 20 years of each other. These 3 technology platforms work together. You know, having electricity helped you make a telephone. Having a telephone and electricity helped you make a combustion engine. They all helped each other. This caused GDP growth To jump from 0.5% to about 2.5% real GDP growth for the next 100 years. You know, our annual GDP grows about 2.5%. It's like the average in the United States. Before this, it was about 0.5%. So, we saw a 5x increase in real GDP growth in the United States because of 3 emerging technologies. Now, the turn of the 2000s, we saw the internet and personal computer come out, 2 emerging technologies that compounded. And obviously, we've seen a major explosion in productivity, connectivity across the globe because of these 2, and GDP growth as well. Full new industries were built because of these 2 new technology platforms. Now, if you listen to someone like Cathie Wood or others, We'll reference Howard Lutnick as well. Right now, we have the emergence of 5 major technology platforms at once in the 2020s to 2030s. This is unprecedented. If you've ever wondered why we haven't— there should be a video here. It's always not going to play. Why don't we have flying cars? It's like, this is the fun question of Silicon Valley. Why don't we have flying cars? We were promised flying cars like 30 years ago. You put me full screen. Like what is that? Like, and it's because to have a flying car, which about 100 startups are working on right now, you need to have robotics. You need to also at the same time have good energy storage like battery storage or others. You also need to have really good sensors. You also need to have very fast internet. To be able to connect to something to make adjustments and on the fly and run with a flying car. And so, we've, in the past, you know, people have made prototypes of things, but because each one of those pieces also lacked, you couldn't compound them together. What's interesting right now is we're seeing the emergence of 5 major technology platforms with artificial intelligence. You can put, share my screen. Turbocharging all of them. So, right now, we have AI, robotics, energy storage, blockchain, and multionic sequencing. As energy storage gets better, it makes robotics better. As AI gets better, it makes robotics and energy storage better. As blockchain gets better, it makes— you get the idea. They start to compound on each other. These are other ones coming out: quantum computing, global fast internet, 3D printing, and space travel. These are things that build on these technology platforms. We've never seen the convergence of this many technology platforms at once. And each one compounds on the next, which is quite crazy. Now, if you look at Cathie Wood believes we're going to hit 7% GDP growth in the next 2 years. Now, that sounds crazy. But a guy named Howard Lutnick, he's the Secretary of Commerce, he also believes we might hit above 5% to about 7% or 8% GDP growth in the next few few years. And why is this? Because we're seeing the convergence of technology happening all at once, which by the way, is very deflationary to society. Technology inherently is deflationary. What do I mean by that? Well, let's take shipping for example. Shipping costs and oil costs are very inflationary to an economy. Well, what if just a simple technology, self-driving cars, self-driving cars that can drive, trucks that can drive 24/7, you don't have to pay a driver, pay insurance liability on those trucks, they can ship things for much cheaper. Hence, the cost of things go down. Hence, it's somewhat deflationary to an economy. That's one example. There's a myriad of others that technology is inherently deflationary. And so you mix with technology gains with real GDP growth accelerating here. This is what people are calling a supercycle. And this is what gets, you know, if you're a venture capital investor, you get pretty excited about things and where the future is headed. This is Howard Lutnick here. I don't think this video will pay, but he believes we will see 5% GDP growth in 2026. He says if we get rate cuts, we'll see maybe we may see 6% GDP growth. Last December, we were at like, if I recall correctly, about 4.5%, 4.6% GDP growth. 4.6% GDP growth, this is a real number from last December, is insane on the largest economy in the world. 5% GDP growth is China back a few years, a few decades ago when they had central planning everything, their peak was 5% GDP growth. We're already getting closer to this. Now I know May, we had a bad print. We'll see how the end of the year runs, but we are knocking on the door of a mass explosion of GDP growth. Now, will we go through waves? For sure. But this is unprecedented to have this many emerging technologies hitting at once. What I'm telling myself and my team is do not be on the sidelines. Don't miss this wave. How many people do you talk to, they reference the early 2000s and they're like, oh man, I just missed the internet. I was a skeptic. I didn't want to adopt. I didn't want to use things. And look what happened with the internet, right? Look what happened with personal computing. You might've said the same thing in the early 1900s with all the emerging technologies there. Okay? Don't be on the sidelines. If you— and now just to give you some signal, These are tech founders who have gone back to work to build AI. Sergey Brin, one of the co-founders of Google, is now full-time back to work on AI initiatives at Google. I mean, this guy doesn't need to do that. He can go retire. I mean, do whatever he wants. This guy's worth hundreds of billions of dollars. Why? Because he sees what's happening in the world right now. Jeff Bezos, he stepped down as CEO. Now he said he's— he is very re-engaged in Amazon's AI strategy. He's actually full-time back at Amazon. Mark Benioff, co-founder of Salesforce, now full-time back at Salesforce after retiring. Brian Chesky, after retiring, came back to founder mode as full-time at Airbnb. Whitney Heard with Bumble, she stepped aside and then now came full back as CEO. You're seeing the tech leaders of the world coming— they're like, we can't miss this moment of what's going on. We are actually seeing AI accelerate faster than Moore's Law. If you're familiar with Moore's Law, computing doubles about every 18 months. We are on pace to actually accelerate that. We've been going ahead of Moore's Law, which is insane. Everyone thought Moore's Law is going to tail off. We are actually ahead of pace on Moore's Law. This is what Jensen Huang shared a few days ago of how we're actually going above this with token cost and token per watt. Consumption and how much more efficient they are being at Nvidia for as one example. Now this might be over your head or too much or whatever. I would I well I'll tell you a lesson my dad taught me. So my dad long story and I can share my story in a minute, but I my dad's an incredible person. He co-founded a decabillion dollar family of real estate funds. My dad taught me about funds when I was 22. I pitched him for money. When I was in college, he said no and did not invest in any of my funds, but was a great mentor and coach to me and actually honestly helped me launch my funds. And is the reason we have Fund Launch today and like helps other people build funds. We built, he built his, you know, his funds at the time were about $8 billion. Today, they're over $40 billion. He's now since retired and done very well. And he launched, they're headquartered out of Utah, for crying out loud.

Wow.

My dad taught me a great lesson was this. My dad's an incredible person, great mentor for me. When there's a tidal wave coming, he goes, you know, he goes, honestly, during the internet, I kind of put up my hands. I was like, I don't want this. I'm going to fight the tidal wave. Right now, we have multiple tidal waves coming. AI, data centers, infrastructure, and people are putting up their hands, fighting it, countering it. And maybe that's the right thing to do. I don't know. But my dad, the lesson he taught me is like, Bridger, as a young man, I used to fight things. Now, as an old man, I just get my boogie board and I go with the wave because hundreds of millions of dollars and billions of dollars are made in these waves. Go with the wave. And you might sit there and, well, I'm not good at tech. Well, become good at tech or become good at this or become good at funds. You can change your stars. You don't— just because you're not good at something today doesn't mean you're not good at something tomorrow. Decide to lean in. We are sitting in a moment right now of unprecedented times, of what some may call a supercycle. These don't come around very often. My business partner, Dan Young, he was on Intel's board of advisors for 17 years, made a ton of money in the dot-com era. You can put me full screen. And he always talks to me about, he's like, Bridger, you know, I saw the internet wave. I have not seen a wave since until today. He goes, yeah, we had the cloud computing era and a few things with blockchain, but like right now, this is like, this is like the 1990s. The internet is just coming out. AI right now is just coming out. All the stuff we've talked about is just coming out. Try to figure out how to put your boogie board in front of that wave. So the question is, Bridger, how do I participate? Like, how do I— and I'll just tell you what I am doing. How does Bridger participate in this? Well, I have reshifted my companies immensely. Now, I started 6 businesses. So, I'll take you back in my journey a little bit to share kind of how I think about things. I started 6 businesses my first 2 years of college.

Okay?

So, I served a 2-year church mission for the Church of Jesus Christ of Latter-day Saints. I came home, was very excited. I spoke Mandarin Chinese. I served in Taiwan for 2 years, spoke Mandarin pretty fluently. I came home and started a bunch of businesses. So, my first business was a Chinese tutoring business. I started tutoring people in Chinese, which was pretty fun. We made a little bit of money. I actually made some money in college. I was making $35 an hour in college tutoring people. But then I found tutoring's a hard business to scale. I had multiple tutors working for me. We had people driving around the state. It was just like it started to get too complex of a business for too little of margins. You know what I'm talking about? And then tutors that I hired, my friends, they could just go start competing tutoring businesses against mine. And so I was like, well, low barrier to entry is hard to get into this business, hard to scale. I made decent, like, okay money hourly, but like it wasn't going to be a big business. So then I shifted to funnel building. This is ClickFunnels, online funnel building, online marketing, which then dovetailed us into an online marketing agency that we then started scaling and growing. I then did real estate wholesaling. We wholesaled 2 houses in college, made a good little bit of money. It was great. I did a chip and a snowboard business. Okay? I was just trying every business I could to make money in college. And then I did a sell your junk on eBay business. Okay? Then I started to realize something though. The vehicle you're in, the margins, cash flow, etc., of certain models matter. The type of business you choose to be in really matters. I use this analogy called the 10-mile race analogy.

Okay?

This analogy kind of changed my life. So let's say we're in a 10-mile race, me and you. We're going to go run a 10-mile race. Okay? So let's get ready. We probably have a method and a tool. The method and tool we're thinking of is, oh yeah, we're going to obviously get some shoes and we're going to run. We're in a 10-mile race. Well, what if we're running against this guy? Well, shoot. He is the greatest marathon runner of all time. We're probably going to lose. Even if we work our guts out, I mean, we're probably still gonna lose, okay? Unless we spend the next 30 years training and maybe we can do something, get better, but we're probably gonna lose, okay? But what if we change the method and the tool? What if instead of running with shoes, we rode a bike? You could be a decent athlete and beat the best marathon runner in the world in a 10-mile race just by having a bike. And riding it. Or if you're in a 10-mile race, you could drive a car. You could be fat, overweight, out of shape, and you could still beat the best marathon runner in the world because you chose a different vehicle, a different business vehicle. Now take this analogy to business. I felt like I need a better vehicle for growth. I was doing all these businesses. These were businesses that were, it's kind of like running in a 10-mile race when other people are driving a car. Even if you became the best concrete layer in the city, you spent 25 years laying concrete, you're the best in the city, you're still capped at some level of income, some level of margins. The vehicle me and you choose to operate in matters a lot. So, if you actually look at the Forbes billionaire list, they actually categorize what are the best categories, categories for billionaires to make money. Where are the most billionaires making their money? Anyone want to take a guess? Take a guess in the chat. What's number 1? Okay, I'll give you a hint. Number 4 is fashion and retail. 297 billionaires made their money through fashion and retail.

Okay?

Take a guess in the chat. What's number 1? Number 3 is manufacturing. 342 billionaires made their money through manufacturing. Okay, not bad. Number 2 is tech. 401 billionaires made their money through technology. Guess what number 1 is? Finance and investments. 464 billionaires made their money through essentially running investment funds. This is the number one category of billionaires. There's an old saying that says most millionaires, the highest percentage of millionaires made their money through real estate, which is true. Real estate is a great vehicle. It's kind of like riding a bike. It's a great vehicle to make millions of dollars. However, most billionaires made their money through private equity investment funds. This is the world we're talking about today. This is the world of how we participate. So, Back to the question. Well, Bridger, how do I participate in this huge wave, this evolution? What's going on? At least what this— what we— how I think about it. So you have a strategy, right? Could be real estate, infrastructure, value-add. Um, for example, AWS plans to build $10 billion in Mississippi. $10 billion estimated earnings. Non-IT construction is about $8.8 billion. That's just electricians and pipefitters and welders. Like, that's what that is going towards. $8.8 billion in a small town in Mississippi. These are huge amounts of dollars that are made in the wake when there's huge things like an AWS data center in Mississippi. The waves of that create huge amounts of ripple effects for capital, for people like me and you in society. Does that make sense? We've seen a lot of funds actually position their businesses around these. So, and for example, when you have that, well, what do these workers need? Well, they need housing. They need places to repair their trucks. They need places to repair their tools. They need places to park their things. We've seen funds actually go out and they target where data centres are going in and they build infrastructure around the data centre so that employees or workers can get food, gas, and Other things like that as one idea in the waves of these things. Okay? With $10 billion, we still have $9.59 trillion left of committed capital to invest in this space.

Okay?

Now again, I know you can argue data centres are bad or good. I know it's a big argument right now. What I'm— I don't— I don't— for me and my family, I'm like, it's probably going to happen anyways. Again, it's a big wave. We have a tidal wave coming. Instead of fighting the wave, I'm going to get my boogie board and go with the wave. And make tons of money for me and my family with the wave. Okay? If there's a wealth gap dividing in America between the haves and have-nots, I know that's a problem and we got to fix it. And there's lots of ways to try to fix that. But still, I look at myself and me and you. If there's a wealth gap dividing, gosh, I'm going to try to figure out to be— how do I be on the wealthy side for me and my family? And yeah, and hopefully if I'm on the wealthy side, I can help bridge the gap and help these society issues. But it's a lot easier to do that when you're on the wealthy side. So, you look at your strategy, real estate infrastructure, we have invest in startups or buying businesses. You have some, maybe these strategies, but like, what's the next step? Like, how do I actually scale these? So, how would I do any of that? Well, there's usually this bridge, this disconnect to scale. Like, how do you actually, like, how would I go build infrastructure? Like, you know, or buy a business or invest into startups? If I had— if you had money and could scale, money is the only thing stopping you from scaling whatever the project is. I believe a fund is the best solution for that. What a fund does is it creates this bridge. It bolts onto an existing strategy, like investing in startups that are doing robotics, and it allows you to scale. And do more of that type of investment, or to build infrastructure around data centres, for one example, or build multifamily units, or to buy some of your competitors' businesses. A fund allows you to scale and bridge that process. Okay? And this is where you bring in— talk about wealth gap or wealth divide, you bring in wealthy people's money into a fund and it helps inject it and put it back into the economy so it grows in different areas. That's what a fund does. And this is why, by the way, fund managers pay lower taxes. The IRS has incentivized funds to run. They incentivize people to grab money from wealthy groups and redeploy it into projects that you think would do well.

Okay?

This is why 40% of family offices plan to raise their allocations to public and private equity. Okay, this is via Goldman Sachs. Okay, over the next 12 months, more family offices— these are wealthy families— are planning to put more capital into funds. Okay, we already talked about this, but what a fund is— all a fund is is a tool to aggregate capital with the purpose to grow. We already talked about what a hedge fund is and private equity and venture capital and real estate funds and things like that. That's what we're doing with the fund. Okay, so how this works for Bridger— well, I run a fund called Ugly Unicorn. I think blockchain technology and cryptocurrency is the technology of the future of finance. I truly believe that. I don't know how long it's going to take, but tokenization is here. It is happening. We're seeing tons of regulation coming, which is good to give clarity to the industry. This is massive. It is happening. So my partner, Dan Young, he had the largest crypto mining facility in the state of Utah in 2014. He's on Intel's board of advisors for 17 years. We partnered together and built a fund. Okay? So I built this with Dan Young. We, uh, most funds split 80/20 with investors. We do the same. So this is how it works. We've raised approximately $25 million of assets in crypto. If that turns into $100 million, we make 20% of the gain on that. So on a $75 million gain, that means me and Dan would make $15 million. And investors would also make a 200% return. Isn't that pretty cool? Like, that's how funds work. And this is a 4x in crypto, which happens, has at least historically happened quite often. That's one example of how we're approaching blockchain, which is one of these emerging technologies right now. I love this quote from Tony Robbins. If you help enough people get what they want, you'll eventually get what you want. You are helping investors make money in an asset class that they might not have expertise in that you do and can help them deploy their capital. Again, there's tidal waves happening. Grab a boogie board and go with the tidal waves. How do you participate? I would tell you to build a fund that invests in one of these tidal waves going on right now. Be a part of this future, part of this growth. Okay, this fund bridges the ability to scale with what you're doing. And there's no better way today to do that than with Fund Launch AI. Again, you can look at what's the cost to build a fund somewhere between— this is Brightstar Law Group— $40,000 and $70,000. If you ask ChatGPT, it says $50,000 to $100,000 to build a fund. And what we've done at Fund Launch is said, hey, can we make this process way easier? Can we cover the pitch deck, the tools, the networking, advice through the process, etc. Okay, this is how we help people launch funds. Are you guys cool if I spend the next minute or 2 just sharing how we help people launch funds? Is that cool with you guys? Type a yes in the chat if that's fine with y'all. This is how we do this through Fund Launch AI. Okay, um, is that cool with you guys though? Type a yes in the chat if that's all right. Is that, is that fine if I share for 1 minute? Maybe we'll build a fund together on Fund Launch AI. Sweet. Love it. Let's do it. Um, to give you a sense though, we have helped people launch funds again in multifamily real estate, oil and gas funds, sports gambling funds, commercial real estate funds, short-term rental funds, long-short trading investing funds, African food supply chain funds, forex trading funds, crypto trading funds, real estate lending funds, almond nut farm acquisition funds, debt consolidation loans, seller finance, startup investing, business acquisitions, single-family real estate funds, software roll-up funds, farming funds, Shipping container arbitrage funds, Canadian funds, venture studio funds, competitor roll-up funds, hard money lending funds, and many, many more. We have helped all these types of funds go out and launch. Okay? So, let me share my screen. We did this a few minutes ago.

We—

our prompt was building an HVAC business in Kansas City. Now, if you— I would invite you right now, go to— let's drop in the link in the chat. Build along with me. So, we're going to build a fund live together. So go to fundlaunch.com. You can, you have permission right now, open up Chrome, Safari. Let's actually build a fund out live together for whatever you're doing. And you can just, we can build multiple funds. We can, you can spitball if you'd like. So go to fundlaunch.com. How it'll look for you, I'll go incognito. You'll come right here. You can see kind of the video and what's going on. You can hit sign up. So this is a free sign up, no credit card required. You can create a free account. You can pick your light or dark mode. And you'll work through the questions here, how you heard about us. You'll put your email in, and you can actually come and build alongside me. Sound good? So do this right now. Go to fundlaunch.com. You guys can build alongside me here. Now, once you're here, let's build a fund. Maybe type in the chat. Well, I'll give you a second. Set up your own, but maybe give me an idea of a fund we should build, and maybe I'll bring someone on live. We can build with you. So hit that in the hit that in the chat. Type in the chat. Maybe I'll bring someone on live. Ben Ben Jimerson says rehab of a mall. That's actually cool. We were actually going to do that back in COVID. That's a fun idea. I like that one. Ben, are you able to come on live and I can talk with you and maybe we'll build alongside each other? If not, no worries. But if you have a mic and a camera, it'd be fun to do it together. I can't find, but I can come on video. You don't have a mic, but you can come on video? Okay. Give me thumbs up, thumbs down. Let's see if he's working there. Ben, can we hear you? Let's try it. Check, check, check. Ben, can you hear me? Go ahead, Ben. Talk for a second. I can't hear him. Oh, there we go. I can hear you. Give me a second. Those mics weren't working. Hold on. We have a problem on our side. Give us a second. Talk again, Ben. Just keep talking for a second. It's probably the output device on here on your Zoom. I'll use this one for a second so I can hear you.

Yeah, I can hear you.

And it's going to give us an echo though if I do this. Give me one sec. So it's on— change the output settings on Zoom. All right, Ben, maybe I'll type for a second so there's not a big, uh, there's not a big echo here, and then I'll bring you on once we fix our audio so I can hear you in a second. All right, let's build the rehab of a mall. Maybe just talk for all mute, but maybe talk for a second. Give me a sense of what you're wanting to build and give me some details what you're doing and what location, what city, where are you guys at?

I'm in a different town and the mall is Wiregrass Commons Mall. I'll put in the chat the website for my plan for the mall. That'll help you any at all being able to use that. There's a lot of information on there. But the, uh, the plan for the mall is to rehab, update, and revitalize it, not turn it back into shopping, but actually kind of a 4-phase approach of entertainment, health and wellness, uh, business, and then of course dining because there's a food court in there.

Okay, excellent. I pulled up your website here. Let me share my screen if you can. What we can do, let's copy and paste this. Let's see. You guys can see that. Okay, so here's the website. Awesome. You're raising $25 million, it looks like. Correct. Here's your projected IRR. So let's do this. We're doing the rehab of a mall in Alabama. Here's the link to the website. Oh, let's see. Let me grab your website here. Let's set this to $25 million. We're targeting a— I'll put this in here— 22% projected IRR. Now some websites, it's funny, it'll pull really well and sometimes it doesn't pull very well. Just depends on how the website's indexed. So, and it looks like you kind of vibe coded built this website, is that right?

Yeah.

Made with Manus, yeah. So we'll see if it is indexed well or not. We'll see here, but let's do this. Let's put, okay, you got my screen there? All right, and you can, it's working now, awesome. Okay, I can hear you better now. Anything else you want me to add to this prompt? What part of Alabama is it in? Like that. D-O-D-H-A-N. Doan, Alabama.

Cool.

All right, let's give it a prompt here. Let's go. So we're raising a $25 million real estate fund. Now, this is a single project, correct? Or is it multiple projects? Single project.

Single project.

Very cool. So this, the current context is going to be around a fund around this, but I— we're coming out soon about hopefully next week we'll be out with a syndication product for a single product at a time. So it'll actually tailor all of it to one deal at a time. Um, so now we're building out your, your fund here. We'll give it a second. All right, we're loading in our agent bars, working on the left here, finding what's best practice for this fund. Can we pull— it sounds like you've thought through though, it looks like a lot of your stuff. I mean, it looks like you're pretty well ready. Are you already raising for this? Are you already on it? Okay, very cool. Um, okay, we'll let this kind of fill out here. Have you drafted legal docs or anything yet? No? Okay, so this, this actually works really well then. Um, so what you're seeing here, these are still kind of moving here. Strategy and market, team and track record, terms and structure. And so what we can do here and what our agent is telling us, hey, this looks great. We got this set up. A few things I'd work on is I've set the property type to retail and the strategy to value add. It's more, I guess it's more, I guess it is retail space. We could call it maybe commercial though. We'll see if that looks right. Your deck, canvas, and legal docs all reflect this. Fund structure, it's a single-family asset. So we can kind of answer this. I can say yes, yes, it's a single asset. Terms, do you know the hold period or management fee and carry in mind?

I don't right now.

Okay. I'll say for terms, let's just do standard. So we'll put that in there. We'll let that work for a second. So what it's doing is it's trying to, and you can see this is kind of moving as we've been talking here, trying to figure out what are best terms for our fund. So let's actually go here for a second while it's updating as well. Um, what's— so let's actually start with a few of these of just man— typical management fee is usually 2%. Carried interest is usually 20%. Did you have other things in mind though for what you're doing? Okay, so this is, yeah, kind of the splits between you and your investors here. But let's just leave it, let's leave it standard. It's already set to standard, that's good. Let's actually— I wanted to go to timeline. So let's look at fund term. How long do you think this project's going to take? So 2 to 3 years. So target hold period be like 2— let's call it 3 years is our target. What's the max it would go? Like 5 years. Okay, so we'll set fund term to about 5 years. Target is 3 years. Investment period is going to be much shorter, like 1 year. We're going to buy this thing right away, right? Um, okay, so that's kind of our target. Extensions, if we need them, we'll put 1 extension, maybe just We can just do one extension here, which means at the end of five years, if you haven't completed the project—and sorry, do you plan to sell it within five years, right? Or three years is the plan to sell it? Oh, you want to okay? You want to rehab and then keep it long term. Okay, so that changes some things. Do you plan to? So how does an investor make money? What's the liquidity? Are you going to do a refi, or what are you thinking? Yeah, refi. Okay, so when is that refi going to take place?

As soon as everything's completed and cash flowing, probably within 5 years.

Within 5 years. Okay, so as an— if I'm an investor, I would get— I'm expecting liquidity within 5 years, maybe even 3 years. Correct. And I would get that from the refi. And now after the refi, do you plan to have The investors stay in it, or do you plan to rotate them out? Okay. Well, that's good context. Let me add this in here. So I'll say the plan is after three to four years to refinance the property, and that cash will be used to cash out investors. The manager will keep the property long term, so I can give some context as it writes out our narratives. You'll see these things, see how they're generating. These things will probably update and change as we go through here. So as like what what we do with Fund Launch AI essentially is we're going to go through each one of these terms and kind of think through stuff right now. Some of these you're like, what the heck is like preferred return is set to eight percent. Um, it's like, okay, and look, it's like it's regenerating all these things. But let's say we're like sitting here like, okay, preferred return 8%, what does that even mean? Well, we can hit this little button. So if you're like brand new to this, or if you're just— and you're not with me on this, what people can do is— or fee basis, or fee step-down years, or catch-up rates. Like, what is this? Like, what does this actually mean? Acquisition fees or asset management fees. You can see here, it's oh it's actually drafted us something on the left. So five years term for one and one exit strategy. Great. So let's say I don't know I'm looking at what was our one before preferred return? Okay, what's a pref or a preferred return? Let me hit get insights. It actually pops over here and it takes in the context of all the other two hundred data points of your fund and will then teach you what is a preferred return. So let's see here. And I can, if I don't like, if I don't still understand, I can ask it to explain it again or explain it simply. Okay. A preferred return is currently set to 8%. It's scoring green. What 8%— let me scroll up— means for your fund. It means before you earn a dollar of carried interest, the LP is returned in full with the limited partners receiving 8% annualized on their invested capital. So what this means is investors have to earn 8% first before you start splitting 80/20. That's what a preferred return is. They get the first 8% first. Now that's standard for real estate funds. You could do 5%, you could do higher. We'll just set it to 8% though, is kind of standard. Should I change it? It says no, 8% is optimal for this fund. Here's what it is. I can also say, hey, Teach me this like I'm in third grade. We had a guy go through here and he did this whole— he like had the AI work with him and teach him, you know, at a— he kept saying, teach me like I'm in third grade. And it was just, it would just simplify everything for him, which is such a cool way to learn about funds. You know, it's quite a bit like learning all these little terms about funds. I'll share another one over here is like legal and compliance. So as you go through It's going to start looking at legal and compliance structures, a lot of things here. So like, what exemption are we going to use? Are we going to use these certain compliance policies or certain accrual methods? It's like, oh man, I don't know what that is. What's an OID accrual method? Well, let's hit Get Insights and it can train me on what is an OID accrual method. Now, this might seem a little complex if you're like sitting there like, I don't, Do I like what is a what's my 1031 policy or tax reserve policy or cost seg policy or opportunity zone fund policy if it's in an opportunity zone? What's an OID accrual method? You have to know these anyways. When you build a fund and you're the general partner, you are responsible for all of this. And so what happens? When you build a fund, typically in the past, the old world, you would ask a lawyer. And so you would be like, hey, and first off, you sometimes don't even know the questions to ask. They would just teach you stuff and hopefully you remember it all. This actually gives you things to ask. So it's like, oh, OID accrual method. What does that mean? Actually, it's telling me, oh, we don't need it. It's not applicable. We're going to set it to not applicable. Great. We don't even know what that is. The short version is OIT is a debt instrument tax concept built for credit funds and bond strategies. So you're not doing credit in your fund. So great, we don't need it. Okay? If we do bonus depreciation policy though, that's probably going to affect or cost segregation policy, that'll probably affect you. And you need to know what your policy is and even the questions to ask. On one of my first funds, you can put me full screen for a second. I launched my first fund and I'm kind of new. I'm like setting this thing up. I'm building it. I'm pretty excited. And I go to launch and I ask my attorney, say, okay, here's all your documents. And I'm like, great. And am I ready to go? He said, yeah, you're ready to go. And then I was like, hey, are we supposed to file our Form D with the SEC? He's like, oh yeah, we haven't done that yet, but yeah, I'll get on that. And I'm like, what if I wouldn't have asked you about a Form D? You told me everything's ready to go. And then he goes and files my Form D. I go, great. And then I was like, hey, have we filed our Form ADV yet? Oh no, no, we haven't filed that yet. Let me go file that. And I'm like, what if I wouldn't have asked you about our Form ADV? If I even knew the words Form ADV, you told me last week, I'm good. Everything's set. And he went and filed my Form ADV. And then we started raising money. I'm like, well, what about blue sky filings? Which is a— that's a regulatory filing thing you got to do when you raise money. Oh yeah, yeah, yeah. We can help you with that. I'm like, you never told me any of this. I would have been out of compliance if I didn't do any of these things. You— when you or me are building an investment fund, you have to know this stuff. No one's coming to save you. You are the general partner. You got to understand this stuff. And so what Fund Launch AI does so well, if you go back to my screen, it maps All of the stuff you need. It's all here, all these little bubbles, like, and you can go one by one and actually learn and educate and build out your fund. What's our formation date? What's our closing dates? When are we going to file with entities and file with regulatory bodies? All happens here, and you can actually see it being updated live. I'll share one more story. I built another fund, and I've— this is like my third fund I'd built. For me, and I go launch my fund. I tested my attorney again. I'm like, "Hey, are we all done? Are we ready to go?" Oh yeah, yeah, everything's ready. You're good to go. And I go, "I don't have subscription documents." Oh yeah, yeah, you need subscription. Yeah, let me let me draft you some subscription documents. I was like, "Dude, you just told me I'm done, ready to go. Where's my subscription documents?" Which are, if you don't know, they're right here on Filech AI. This document is how someone subscribes to your fund, how an investor fills out the data to come in join your fund. Okay, you'll see it down here. There's all these things they sign and agree to and all these questionnaires and stuff like that. These are subscription documents. In Fund Launch AI, it's right in front of you. Here it is. You don't have to ask and follow up. It's like everything is here. Here's your Form D notice of filing here. We always do this once we're in legal review, but it's on your canvas. Like everything is in front of you. I can, I can, I can tell, I speak from experience of how frustrating it is working with an attorney, paying them $800 an hour for them to still mess stuff up. What Funnel Launch AI does is brings everything into one cohesive thing. And once you're ready, you hit submit for attorney review, go from there. If you guys want to build along with me and go to funnellaunch.com, let's create a free account. Or if you want to book a call with us, We have formation packages. It includes the legal setup. It includes one-on-one calls with our advisors, coaches, events we do. You can come see here if you ever get stuck or want to work with real people. You can come. We actually do office hours most days of the week. We have an office hour going live. We have consulting going on, which is you can go work with actually real people like someone like Dan Peterson. You can use some of your credits. You'll get credits up front to spend to hop on You know, one-on-one calls, one-on-one coaching sessions with real people. And then once you're live, we have a bunch of service providers. So tax, accounting, audit providers that are all working with us in our platform. We do live events. We're actually going on a cruise in 13 days. It's already sold out, I apologise. This cruise is sold out. I guess you can get on the backup waiting list if you'd like. We're doing another summit in January at our offices. And we also have a community of other people in our group also building funds. So you're not feeling like you're alone. And then you can come just build multiple funds on here. Um, back to the— what we're talking about, this rehab of malls. I actually like the idea though a lot. Maybe, um, so what you would do— and I— we probably don't have time today— you'd go through and fill out your team and track record, all your key persons here, your managing partners, your experience. We'd go work on your narratives around your fund, your strategy, what your fund is focusing on, what's your edge, what's your value creation narrative, like how are you guys actually creating value. What this does is helps create a cohesive picture for you. And you can actually come and use one of our scroll decks. Here we have templates or you can create a custom theme. And like you've done before, you actually can publish this as a working website. So I actually could go publish this as be a working website you could share with investors and others, kind of like what you shared with me, like this one. And you could actually run and build your whole thing here, which is kind of cool. All right, hopefully that's useful. Leah, is this done based on U.S. law? Yeah, we are primarily all U.S. funds right now. Ben, thank you for coming on. Sorry to cut you a little short, but that would be the beginnings of what you'd build out, Ben. And congrats on what you're doing, man. It sounds like it's awesome. Let's take a few questions if you have them. But yeah, this is— these are currently set up for US-based funds. If you're an international person, we actually see a lot of international people build US funds as well. So most of our Canadian clients end up building US Delaware funds. It's just, it's easier than building Canadian funds. Yeah, Gary, I, uh, how is your attorney forgetting all those things? These are good attorneys. They do funds all the time, but they You know, it's just funny. They think in terms of the legal documents. They're not thinking in terms of your whole business. They're thinking in terms of the legal documents. And so, yeah, the legal documents are done. Yep. The legal docs are ready for you. Okay. Are we good? Am I good to go raise money? Yep. Yep. You're ready to go. And then it's like, wait a second. Have you filed this compliance? These are compliance terms that they sometimes forget about. This compliance document with the SEC or this compliance document with the state or this filing. And oh yeah, yeah, maybe we'll look into that. And so, you got to know your stuff. You got to be able to read through your docs and know what's going on and be able to fact-check. And I'm just speaking from experience. This happened to me twice with 2 attorneys that I've worked with, separate firms, and they're good firms. These are like good reputable firms that did not build out my fund. Can US funds be used to invest overseas? Yes. Yep. Yeah, so US funds, you can build the US funds and that invests into other categories there. By the way, if you guys wanna go, if you wanna book a call, we're gonna end this call in just a few minutes. If you wanna talk, extend the conversation, book a call with my team. We'll drop the link down below. So book a call with our team and you can also go create a free account at fundlaunch.com. Is there a risk management component? Part of the AI is building out your fund formation. It's going to help you figure out, think through the risks. Currently though, like running your assets is not on platform. That's up to, you know, you and your team of how you guys actually run risk management. But part of building the docs is what are the risk protocols we'll put in. So I guess the answer is yes and no. It's put into your docs, but ultimately you have to be the one that manages that risk. Can you create a fund for a movie? Yes, we have a number of people that have created funds for movies, uh, to fund a movie. We had one guy buying— he had scripts he was buying in Hollywood and selling them to bigger groups. We have other people building studios to fund films. We had one group funding a bunch of small films to hopefully take them to bigger studios and get bigger films made out of them. So, I live in Hollywood looking to make a film. Very cool. So yeah, we've seen some people do that and build films for Film funds. Do we have a checklist? Yeah. So part of Fund Launch AI is this whole checklist. We actually run you through that entire process to like check off, make sure everything is done. Yep. So we do that in Fund Launch AI as you go and build your fund. Yep. Excellent. We'll drop that link again if you guys want to go book a call with our team. You're welcome to. How this looks if you share my screen. So if you click on the free training button, We have a— this is about a 45-minute training that we've sliced up to save you time on how funds work, how they're built. Right now you're seeing waterfall structures, investment types, starting a fund, the Fund Launch Formula, stuff that we didn't have time to cover today from this handsome gentleman right here. And then you can talk to our team. So here's Gabriel. You can actually book a call right here. You put in your name and email, you can book a time for, you know, this, this week or next week. And what our team will do is walk you through all the stuff we do, um, and, and see if it's the right fit for you to build your fund with Fund Launch AI. Coming soon, we're doing SPVs and syndications as well. Yeah, good questions. Do I need a license or a Series 65? It depends on what you're doing, which state you're in. If you're under $150 million, you typically can qualify as an exempt reporting advisor, which is good. Uh, you don't need a license to be an exempt reporting advisor in most states. Um, and, uh, so we see actually a lot of our managers don't need licenses. They can file as an exempt reporting advisor. Uh, now once you hit $150 million, you'll most likely need a Series 65 license, or if you're doing trading. So if you're doing commodities or futures, you'll file with the CFTC. You'll, you'll most likely need a license. You'll be a commodity pool operator. Um, and other— so hedge funds are more regulated. Um, real estate and venture capital are the least regulated. Private equity and private credit are kind of in the middle. So we actually see a lot of people that don't need licenses. Um, hey Bridger, I have a couple clients that need your services. Yeah. Yeah, that'd be great. Yeah, send them our way, Tony, and we can set up, uh, some kind of an arrangement agreement if you'd like. But yeah. Send them our way. Feel free, by the way, if for some reason you can't hit those links above, you can email me at bridger@fundlaunch.com. So shoot me an email, bridger@fundlaunch.com, and we can work with you there. We'll type in the chat here. Once funding has started, can you launch the business without fully funding the total you're trying to raise so you can get—

Yes.

So yeah, typically if you're raising $100 million, You'll hold closings. So you'll hold a closing at $10 million and you'll start deploying the capital. And then you hold another closing at $30 million, you start deploying the capital, and then another closing at $50 million, and then at $75 million, then $100 million. So typically, yes, you'll— once you've raised a minimum investment amount, which is part of Fund Launch AI, it helps actually do that with you. You can do that there. Yeah. Well, check this out. If you share my screen, you can take these questions. Watch this. So I took your question here. I'll drop it in the chat. Once funding is started, can you launch a fund? Let me just type that in here. But this is in context of Wiregrass Capital is what we worked with Ben on a second ago. It'll actually go and answer your fund or your question for your fund, which is kind of cool. So a lot of these questions you guys can just ask to Fund Launch AI. It takes in the context of all of our training data. And this is what it says right here. Initial first close. You hit a minimum threshold and ta-da, look, it's actually going to take you to the spot of Fund Launch AI to build that out. So what's your initial first close? What's your final close date? How are you going to work? Like, isn't that kind of cool? It actually auto-searched me to that spot. Ta-da. Pretty awesome. You guys can go use this for free on a, with no credit card required at fundlaunch.com. So go create an account, start building out your fund. You can also come and you're like, hey, I don't like this fund. You can hit this little plus sign and you can actually just do another fund. Like, hey, actually, you know what? I wanna build a crypto fund and let's raise $100 million in crypto and we'll start doing it from there. So you can actually start building multiple funds. You can see all, look at all the funds I've built. I've built a ton of funds in here. Look at all these. Okay, so these are all the different funds I've built, um, inside of Fund Launch AI. How do you get more credits? Yeah, credits is we do a thing called usage-based billing or usage-based token billing. So as you use the AI, credits get charged because we have to run our models. You can talk to our team. We can help you with getting more credits. Yeah. So book a call with our team and we can— when you start, I think you'll start with 75 credits if you use the promo code ATHENA25. Which is plenty of credits. Like 75 credits, you can do a lot with. If you want to book one-on-one calls and come to our events, that charges credits as well, and you'll need credits to come to those. So if you hop on a phone call, we've— a lot of our people are buying formation packages that includes the legal setup and usually 3,000 or 4,000 credits together. And those are ample amount of credits to go and actually build and launch your fund. Yeah, this saves you guys so much time, Tony. Yeah, this takes so many hours off the process. This is— I wish I had this when I was building my first fund. Like, this is, uh, an immense amount of time saving that has happened. Now, coming soon on Fund Launch AI, what we're building right now is, uh, help with capital raising. So how you're gonna raise the capital, we're actually prototyping that right now. It's actually really fun. So coming soon will be all agentic version of how to raise capital. And then after you're launched, how to manage your fund as well. So both those things are coming soon. We're working on those right now. So Delaware funds can buy companies in Canada and Mexico? Yeah, typically.

Yep.

Yep. So if you have a fund in the United States, usually you set it up in Delaware to raise money from the United States, but then you can say, hey, we're buying a company in Mexico. Awesome. You go buy the company in Mexico, you operate it out of Mexico, the returns come back to the Delaware entity. And then get split back to your investors. Yep. Anthony, since starting this, what are some pitfalls you've ran into, or what have we launched these funds ran into? Um, I don't know, it's been pretty awesome so far. What we've seen, if you go, if you share my screen, um, what we've actually seen is, uh, people are not used to working this way. So the users, you guys, that's why I actually do this Thursday call is to kind of show you how it works and how to talk to the agent. A lot of our clients, they're like, oh, I don't even know how to talk to the agent bar here and how to do this. And you can just ask anything. They don't quite know that these bubbles reflect the actual dataset of their fund. So it's more of just training has been the biggest thing is how do we help train people and But it's pretty simple. Like if you're like, I don't wanna learn this new thing, all you have to do is like ask. All you gotta do is say like, hey, what should I work on next? You can even misspell things. Like what should I work on next? It'll actually start doing stuff for you. Just say, hey, can you help me figure this out? Sure. It'll just, it'll keep thinking with you. It'll keep going. So if you're ever stuck, just like ask this agent sidebar, hey, please help me, teach me. Like it'll work with you. It'll go and find the stuff for you to go and build out your fund. So, hey, let's work on your team and track record. It'll give you suggestions. It'll start doing stuff for you. You can say, great, let's do it. So it'll take 5 minutes to knock it out. Great, let's go. So this is how I would use it. That's been our biggest, I guess, pitfall has been like getting people to use the agent sidebar to actually go and build their fund.

Yeah.

And go back to Zoom here. Is Delaware the best place? Uh, Delaware is most common for funds. We've seen some in Wyoming and Nevada as well. So, and you can choose that when you're building your fund, you can choose where to domicile it. Delaware is most common, but, uh, there you go. Yeah. Looking forward to the cap raising part. Me too. Yeah. The capital raising and the investor relations part will be really fun. Those are coming out soon. Which would be pretty awesome. Is there a prompt library to responses in the fund space? We've kind of built those into the platform. So we've actually, what we've done essentially, instead of starting from a blank slate, when you start with a single prompt of your fund, it actually builds in all of those as part of, so it's smart, it's intelligent to funds and to the workflow of funds. What's the success rate of ones who have actually moved forward and why have some failed? What was their issues? That's a good question. Well, one thing is we have a data gap currently, meaning people launch and then we don't hear from them because they launched and they're off and running. They're doing well. And so it's like, what do we do with someone who's already launched? And now reported $7.1 billion is what our clients manage, which is pretty good. What we're building into with Font AI is hopefully you can manage your stuff on platform so that we can see what happens post-launch, which is pretty cool. So anyways, we've had great success with our funds that have come through. The people that have come, oh, let me cancel this for a second. I'm getting phone calls here. But yeah, what we've seen now, before Fund Launch AI, we would just work with people on the phone and call them. Now we have a canvas to work from. which is so cool. So one of the biggest pitfalls before was we'd call people and then nothing would get done. We'd talk to Anthony on the phone, hey Anthony, great, let's put some notes down. And then like nothing would happen. Now we have like a canvas to work from. We can actually, you can invite us to your user and like your interface, we can actually log in with you and like build it with you. And then now there's like stuff being done. It's much more action-oriented. So I think the previous cohort of people, the last few years before Fund Launch AI, was it just everything got lost in a notebook somewhere. Now there's like stuff to move you forward and actually make things happen, which is pretty fun. All right, y'all, let's put the link in again. We're going to end this call here in a second, so go ahead, book a call with our team, hop on. We can talk to you more. We can actually build a fund with you. And then go create a free account at funlaunch.com. We'll go from there. Hopefully today was useful. The replay should be live on YouTube if you want to watch this again. Also, that funlaunch.com/training where you book a call also has a training video from me that talks more. So, all right, y'all. Thank you so much. If you can, this was free. We did this today. If you can refer a friend or two to come to Funnel Launch AI, that would be amazing. We want to spread this mission of democratizing Wall Street. So, if you can, Maybe it's not right for you, but maybe it's right for someone you know. So just share that link, fundlaunch.com, with somebody. Go have them check it out. It's completely free to play with, no credit card required. You guys can just go start building out funds and seeing if this is the right fit for you. Coming soon, we're getting out capital raising, investor relations, syndications are all coming on platform. It's pretty fun. We're building incredibly fast right now. We are building this into a massive business. It's pretty fun. So far we've done well. We're on the Inc. 5000 of fast-growing companies in America. We're in Utah's fastest 50 companies right now, but we want to go even higher. So that takes us and people in a community. And really, our mission is to democratize Wall Street. I'm sick of just only the people on Wall Street that came from Ivy League schools can do this. Now we're letting everybody figure this out and truly democratizing Wall Street. So you guys are amazing. Book a call. We'll drop the link one more time. Make sure— once this call ends though, That link will go away. So, click the link now so you have it and then it'll go on later. So, all right. You guys are amazing. We'll see y'all later.