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11/21/2024
Welcome everyone to the MDB Capital Holdings Third Quarter 2024 Financial Results Conference Call. I'm Lou Bassanese, President and Chief Market Strategist. Before we begin today's call, I'd like to make everyone aware of a few things. This event is being recorded. We will post a replay on our website shortly afterwards. All participants are going to be in listen-only mode. After today's presentation, there will be an opportunity to ask questions. We just ask that you use the Q&A function built into Zoom to submit those questions. I also want to make sure that you know on this call, we're going to be making forward-looking statements. These forward-looking statements, whether in prepared remarks or during the Q&A session, are subject to inherent risks and uncertainties. You can read more about these risks and uncertainties in the risk factors section. of our quarterly filings with the SEC on Form 10-Q, which was filed on November 12th, as well as our latest Form 10-K. Except as otherwise required by federal securities laws, MDB disclaims any obligation to update or make revisions to these forward-looking statements contained herein or elsewhere to reflect changes in expectations in regards to those events, conditions, and circumstances. So again, we just kindly ask you to refer to the company's SEC filings for more information about these risks and uncertainties related to our forward-looking statements. With that being said, I want to introduce you to Christopher Marlette, CEO and co-founder, who is joining me today on this call. Welcome, Chris. Thanks, Lou. Glad to have you here. And since we have a mix of longtime MDB investors and community members, as well as new shareholders and potential shareholders, why don't you start off and frame up this conversation and update today with an overview of who MDB is and what we do?
Sure. Thanks, Lou. Well, thanks everyone for joining today and listening. It's been a very interesting last couple of years since we've endeavored on this whole process of going public. And as you all know, there's been lots of ups and downs in the micro cap markets. It's been hard to make sense of what's happening in the global economy, obviously elections and everything else. And, you know, we have made an enormous amount of progress. But I think ultimately, when you strip back everything we're doing, which can be to someone that hasn't really known us for very long, I would say looks relatively confusing. If you look at our financial statements, if you look at our you know the description of what we do. I'm going to try and simplify it today. Try and take a very straightforward approach to it. And really what we've been doing for 27 years is transforming big ideas into valuable public companies. And there's a process by which we've refined over those 27 years and that I think we're pretty proud of. And we've taken a team and trained up a great group of people to hopefully scale this up a bit. And we created a lot of value for the shareholders of MDB when we were private and the stakeholders of MDB when we were private and for our investors. And now as a new public entity, you know, I'm really excited about the future. And, you know, this is this first slide here is really a great sort of indication of, you know, the front end of what we do, which is really curating these really fantastic big ideas that we can then transform into really meaningful companies. And, you know, And so this process has taken, you know, an enormous amount of thought, enormous amount of training, the development of patent vests, which enables us to get through these new ideas really quickly to figure out who can be a market leader. It hasn't been easy. And quite frankly, you know, I really think we've differentiated what we do from what anybody does in venture or, you know, in the public markets and so We're continuing to really build that. We've trained a lot of new analysts. They're getting really good, enables us to get through these ideas. And we now have more sort of late stage ideas that we can then hopefully turn into new market leaders and take public here in the not too distant future. As we've talked about before, we might do one company every 18 months, If we could do two a year even or one a year, the value creation of shareholders could be significant. And so we're doing a great job. We're continuing to curate great stuff. And like I said, the pipeline is bigger than it's ever been.
Chris, why don't you, just for the benefit of everyone, we define ourselves as being a public venture platform. Why don't you explain what the definition to us is for public venture and why we believe it's a preferred route versus traditional venture?
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