What's going on, everybody? Welcome back to this week's segment of the no limit minute.

Now, today, I wanted to discuss some of the varying differences between raising capital on a

deal-by-deal basis or raising capital, sort of somewhat a blindly or in a fund,

basically the difference between a singular entity raise and a fund raise.

Now, a singular entity is what I have done the most of. I've actually never invested in a fund.

I've only been educated by others that have done funds before and or some of our attorneys

have kind of educated me on the topic because we've thought about potentially doing a fund sometime

in the future, but primarily what we do is say it's basically a single entity raise.

So, new deal comes about. We get the new deal on the contract. We get all of the legal SEC

documents from the attorney and then we're able to go out and raise cash from these investors

from our investor pool or our network, our networks network depending on how you've actually

structured it. You know, the 506B or 506C, who I usually differentiate those as 506B. I associate

the letter B with Buddy, so that's typically someone that you have a pre-existing relationship with.

Now, pre-existing relationship is kind of gray for the SEC. They don't really ever

clearly define what that means, but typically the rule of thumb is anywhere between two to three

touches with that individual, where that's in-person phone call, zoom call, coffee, you know,

whatever it is, actually having some kind of physical touch conversation point with this person

in order to qualify or quantify it as being pre-existing. Then at that point, you can then take that

individual and tell them about the steel that you have, about this singular entity deal that you

have that you want to raise from, or if you have a fund, then you would obviously tell them about

that as well. But primarily what you can't do with the 506B rig D offering is you cannot commercialize

it, and you are allowed to accept, now basically the benefit of doing a 506B offering is that

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