The 5 basic financial concepts every entrepreneur should know.
Start or continue your startup activities in 2013 by gaining some relevant financial concepts during a 1½ hour interactive session, where we shall openly talk about the following topics:
* Company setup
* Accounting
* Financial Plan
* Funding your startup
* Valuation/Dilution
http://www.meetup.com/Finance-for-Startups/events/101587782/
The 5 basic financial concepts every entrepreneur should know.
Start or continue your startup activities in 2013 by gaining some relevant financial concepts during a 1½ hour interactive session, where we shall openly talk about the following topics:
* Company setup
* Accounting
* Financial Plan
* Funding your startup
* Valuation/Dilution
http://www.meetup.com/Finance-for-Startups/events/101587782/
Workshop on March 6th 2012 @ ICAB Brussels
Creating your company:
Why should you create a company?
How should you do it?
What could the consequences be?
The 5 basic financial concepts every entrepreneur should know.
Start or continue your startup activities in 2013 by gaining some relevant financial concepts during a 1½ hour interactive session, where we shall openly talk about the following topics:
* Company setup
* Accounting
* Financial Plan
* Funding your startup
* Valuation/Dilution
http://www.meetup.com/Finance-for-Startups/events/101587782/
Workshop on March 6th 2012 @ ICAB Brussels
Creating your company:
Why should you create a company?
How should you do it?
What could the consequences be?
The 5 basic financial concepts every entrepreneur should know.
Start or continue your startup activities in 2013 by gaining some relevant financial concepts during a 1½ hour interactive session, where we shall openly talk about the following topics:
* Company setup
* Accounting
* Financial Plan
* Funding your startup
* Valuation/Dilution
http://www.meetup.com/Finance-for-Startups/events/101587782/
Workshop on March 6th 2012 @ ICAB Brussels
Creating your company:
Why should you create a company?
How should you do it?
What could the consequences be?
Accounting as a management tool: reading and interpreting Balance Sheet and P&L Statement
How do you read and interpret your two key accounting documents? What can you learn about your partners and competitors from their balance sheet/P&L Statement?
Created for non-professionals in accounting, this workshop intends to give a general knowledge to the starter of what accounting is and how to use accounting as a management tool.
I
Accounting as a management tool: reading and interpreting Balance Sheet and P&L Statement
How do you read and interpret your two key accounting documents? What can you learn about your partners and competitors from their balance sheet/P&L Statement?
Created for non-professionals in accounting, this workshop intends to give a general knowledge to the starter of what accounting is and how to use accounting as a management tool.
Financial Concepts for Running your Business (AmCham workshop April 24th 2012)FinanceCoach24
Get the fundamentals right with three simple overviews
- Accounting basics
- Entrepreneurs/starters (financial plan)
Where to look to find the main information
- Balance sheet - profit & loss statement
Cash crunch risk, grow or survive?
- Cash flows & funding in times of crisis
Financial Concepts for Running your Business (AmCham workshop April 24th 2012)Martin van Wunnik
Get the fundamentals right with three simple overviews
- Accounting basics
- Entrepreneurs/starters (financial plan)
Where to look to find the main information
- Balance sheet - profit & loss statement
Cash crunch risk, grow or survive?
- Cash flows & funding in times of crisis
Financial Plan workshop (May 18th, 2015) for Microsoft Innovation Center Brussels' boostcamp programme, together with Catherine Blondiau & Rodolphe d'Udekem d'Akoz of impulse.brussels
The 5 basic financial concepts every entrepreneur should know.
Start or continue your startup activities in 2013 by gaining some relevant financial concepts during a 1½ hour interactive session, where we shall openly talk about the following topics:
* Company setup
* Accounting
* Financial Plan
* Funding your startup
* Valuation/Dilution
http://www.meetup.com/Finance-for-Startups/events/101587782/
Workshop on March 6th 2012 @ ICAB Brussels
Creating your company:
Why should you create a company?
How should you do it?
What could the consequences be?
Accounting as a management tool: reading and interpreting Balance Sheet and P&L Statement
How do you read and interpret your two key accounting documents? What can you learn about your partners and competitors from their balance sheet/P&L Statement?
Created for non-professionals in accounting, this workshop intends to give a general knowledge to the starter of what accounting is and how to use accounting as a management tool.
I
Accounting as a management tool: reading and interpreting Balance Sheet and P&L Statement
How do you read and interpret your two key accounting documents? What can you learn about your partners and competitors from their balance sheet/P&L Statement?
Created for non-professionals in accounting, this workshop intends to give a general knowledge to the starter of what accounting is and how to use accounting as a management tool.
Financial Concepts for Running your Business (AmCham workshop April 24th 2012)FinanceCoach24
Get the fundamentals right with three simple overviews
- Accounting basics
- Entrepreneurs/starters (financial plan)
Where to look to find the main information
- Balance sheet - profit & loss statement
Cash crunch risk, grow or survive?
- Cash flows & funding in times of crisis
Financial Concepts for Running your Business (AmCham workshop April 24th 2012)Martin van Wunnik
Get the fundamentals right with three simple overviews
- Accounting basics
- Entrepreneurs/starters (financial plan)
Where to look to find the main information
- Balance sheet - profit & loss statement
Cash crunch risk, grow or survive?
- Cash flows & funding in times of crisis
Financial Plan workshop (May 18th, 2015) for Microsoft Innovation Center Brussels' boostcamp programme, together with Catherine Blondiau & Rodolphe d'Udekem d'Akoz of impulse.brussels
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
3. Finance for Startups
• Introduction
• Company Setup
• Accounting
• Financial Plan
• Funding your startup
• Valuation / Dilution
• Q&A
20/02/2013 Xavier Corman | Martin van Wunnik 3
4. Who are we ?
Martin van Wunnik
Xavier Corman
20/02/2013 Xavier Corman | Martin van Wunnik 4
5. This presentation is available for free:
http://www.slideshare.net/XavierCorman
http://www.slideshare.net/FinanceCoach24
20/02/2013 Xavier Corman | Martin van Wunnik 5
6. Creativity
level
Finance & Accounting
level
20/02/2013 Xavier Corman | Martin van Wunnik 6
7. Creativity level
Reality check
Funding Value ?
Investments, Costs, Revenues, Ca
sh
Financial Plan & Elevator pitch
Organization/Company
Finance & Accounting
Team/Partners
level
20/02/2013 Xavier Corman | Martin van Wunnik 7 7
9. Why Finance for Startups ?
If you don't think about the future,
you cannot have one.
John Golsworthy
where you want to go
You need to know
how you are supposed to go
20/02/2013 Xavier Corman | Martin van Wunnik 9
11. Company Setup
» Why should I ?
» Capital
» Hats/Personalities
20/02/2013 Xavier Corman | Martin van Wunnik 11 11
12. Why should I ?
Limit your liabilities !
Professional touch
Fiscal 34% (24% for 3y)
Succession
...
Formalities & some costs
(bank, notary, KBO/CBE, social secretary)
Double entry accounting
Revisor for in-natura contributions
20/02/2013 Xavier Corman | Martin van Wunnik 12 12
13. Minimum capital
Legal
BVBA-SPRL (min.1)
CVBA-SCRL (flexible)
18.550 EUR 6.200 EUR
(or 12.400 EUR)
SA-NV (min.2):
61.500 EUR
REAL minimum = Business required !
20/02/2013 Xavier Corman | Martin van Wunnik 13 13
14. Shareholders Control (>51%)
Absolute / Relative majority
40% - 60%
40% - 10% - 10% -10% -10% -10% -10%
Voting Rights
Class A & B
Minority (blocking) interest
Investors per phase (dilution)!
Stock options:
fiscal implications, buyer required
vesting conditions : targets, period (4y)
20/02/2013 Xavier Corman | Martin van Wunnik 14 14
15. Hats/Personalities
Founders – Shareholders Founders:
(Board) 3 years responsibility
Owners
CEO (gérant/zaakvoerder)
General Manager
Directors
CxO
Employees
20/02/2013 Xavier Corman | Martin van Wunnik 15 15
16. Accounting: notions
• Balance Sheet – Bilan – Balans
• Profit & Loss – Compte de résultat – Winst-en Verliesrekening
• Cash-flow – Trésorerie – Schatkist
• Financial Plan – Plan financier – Financieel Plan
20/02/2013 Xavier Corman | Martin van Wunnik 16
17. Accounting: Balance Sheet
ACTIVE PASSIVE
Equity (Capital/Kapitaal)
Non Current Assets
(Actifs Immobilisés/
Vast Activa)
LT Debts
Current Assets
(Actifs circulants/
Vlottend Activa) ST Debts
20/02/2013 Xavier Corman | Martin van Wunnik 17
18. Accounting: Profit & Loss (P&L)
COGS (Cost of Sales)
Personnel Costs
Gross margin
General Expenditures
Revenues (Sales…)
Added Value
Depreciation
EBITDA
Financial cost
Profit
20/02/2013 Xavier Corman | Martin van Wunnik 18
19. Financial Plan
Content
– Assumptions
– Profit & Loss
– Balance Sheet / Investment
– Cash-Flow -> Cash needed
– Valuation of the project
– Profitability / return of the project
20/02/2013 Xavier Corman | Martin van Wunnik 19
20. Financial Plan in 10 min
• Don’t waste your time in developing a huge
financial plan before to be sure that your
project is viable !
• In many case, in less than 10 minutes, you can
see if your idea worth something.
• How to make a very quick financial plan ?
20/02/2013 Xavier Corman | Martin van Wunnik 20
21. Financial Plan in 10 min /questions
What are your revenues ?
What are your costs ?
What are your investments ?
How many persons for your project ?
20/02/2013 Xavier Corman | Martin van Wunnik 21
22. Financial Plan / Prerequisites &
Assumptions
• Financial plan for 3 to 5 years
• Monthly or Quarterly base
• Excel or Calc is your friend
• Start by listing your main assumptions
20/02/2013 Xavier Corman | Martin van Wunnik 22
23. Financial Plan / Tips for assumptions
• Office: 25 m²/person
• Price of offices: EUR 150/m²/year + 15 % for
maintenance
• Insurances: 1 % of revenues
• Marketing: define a % of revenues + starting
investment
• Don’t forget lawyers, accountant, social
secretary, office supplies…
20/02/2013 Xavier Corman | Martin van Wunnik 23
24. Financial Plan / Profit & Loss
Revenues (Sales…)
COGS (Cost of Sales)
General Expenditures
COSTS
Personnel Costs
Financial cost
Depreciation CASH
CASH-FLOW IF NEGATIVE DRAIN
Profit
20/02/2013 Xavier Corman | Martin van Wunnik 24
25. Financial Plan / Investments
List all your scheduled investments
YEAR 1
YEAR 2
YEAR 3
YEAR 4
YEAR 5
20/02/2013 Xavier Corman | Martin van Wunnik 25
27. Funding
Some remarks
Principles
Options
20/02/2013 Xavier Corman | Martin van Wunnik 27 27
28. Funding, ‘Financing’
And entrepreneurs? They seem to have confused the definition of
entrepreneurship altogether.
Entrepreneurship, they mistakenly believe, equals financing!
This is wrong.
Over 99% of entrepreneurs who seek funding get rejected.
Yet, the entire world is focused on the 1% that is "fundable."
http://www.readwriteweb.com/start/2012/01/the-other-99-of-entrepreneurs.php
20/02/2013 Xavier Corman | Martin van Wunnik 28 28
30. Interest – Returns
100 102 Bank
100 0..1000 Stock market
100 100 F.F.F.
100 107 Bank
100 130 BA / VC
20/02/2013 Xavier Corman | Martin van Wunnik 30 30
31. 100+7=107 Bank
Principal & Interest
Able to pay back over time
Guarantees
20/02/2013 Xavier Corman | Martin van Wunnik 31 31
32. 20/02/2013 Xavier Corman | Martin van Wunnik 32
33. Valuation
• The value of any business is the present value
of the future income stream
• You sell future virtual profits for present real
money
20/02/2013 Xavier Corman | Martin van Wunnik 33
34. Valuation
Exit Money
Sweat Money
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6
20/02/2013 Xavier Corman | Martin van Wunnik 34
35. Valuation - What is dilution ?
20/02/2013 Xavier Corman | Martin van Wunnik 35
36. Questions & Answers
Free download :
http://www.slideshare.net/XavierCorman
http://www.slideshare.net/FinanceCoach24
20/02/2013 Xavier Corman | Martin van Wunnik 36
Accounting: 00:25-00:30 – XavierAs the future CEO, Chairman or simply shareholder of your company, you need some knowledge about accounting. Today, I will show you in 10 minutes the logic behind accounting and I will try to convince you that accounting is the first financial tool to manage your company.
Accounting: 00:30-00:35 - XavierBalance Sheet is a picture of what your company own and how your company financed all its assets.
Accounting: 00:35-00:40 - XavierYou have on your left all the revenues of your company.On the right, all the spending.The Blue is the purpose of your business: PROFIT
Financial Plan : 00:40-00:42 - XavierDon’t start with details. Go to the important figures.
Financial Plan : 00:43-00:44 - Xavier
Financial Plan : 00:45-00:46 - Xavier
Financial Plan : 00:47-00:48 - Xavier
Financial Plan : 00:49-00:50 – XavierHow many square meter you need per person ?Who knows the price per square meter of offices in Brussels ?
Financial Plan : 00:51-00:52 - Xavier
Financial Plan : 00:53-00:54 - Xavier
Financial Plan : 00:54-00:55 - XavierNext: MARTIN
Funding : 00:55-01:10 - MartinFriends Family and FoolsNext: LEO