One billion dollars to future-proof its site does not seem like too much to pay.
He and co-founders Nick Hughes and Chad Larson believe the M-KOPA can generate revenues worthy of a billion dollar valuation and a future IPO.
"What few investors in Silicon Valley have yet to realize is that the billion dollar startups of the future won't be limited to just the tech industry.
While the army was studying a possible modernisation of its brand-new AMX-30E fleet, the Spanish Ministry of Defense had set aside 120 billion pesetas (1.1 billion dollars) for a future tank programme and attracted interest from five foreign companies.
And things are worse for its competitors: together, G.M. and Ford are on the hook for close to eighty billion dollars in future health-care costs.
Like many active members of Scientology, they had kept money in an account (in their case, twenty-five hundred dollars) for future courses they intended to take.
In China, over 90% of toddlers get their jabs.Since every dollar spent on vaccinations slices ten dollars off future medical bills, this state of affairs is a financial waste as well as a cause of needless suffering.
In other words, if states raise 20 cents in taxes or cut 20 cents in other spending for every hundred dollars of future income, they will be able to meet their current pension obligations.
Even by Niederhoffer's generous standards, going short a billion dollars of stock futures was a large bet, but it worked out well.
And Mr. Corzine, with a fortune estimated at half a billion dollars at its peak, future ambitions were not confined to Wall Street.
They note that more than half of the remaining money has been earmarked for quick distribution, including about $300 million remaining at the Red Cross and two major scholarship funds, leaving less than half a billion dollars with an uncertain future.
