Originally Posted by george.millman:
“That was Zara, and that is totally wrong. What she said was that at that time, she was only using a camera and a laptop, and while she was doing okay with it, she wanted to expand her business, initially by buying more sophisticated software to make films. The fund is drip-fed, not given in one lump sum, so I imagine that she, and the other winners, get more money when they require it as their business flourishes.”
I think the line was she only bought an applemac... I agree it was probably an incorrect assumption, but there seems no reason why you should spend all the money.
Not sure if the same up to an amount, as needed, principle applies to the apprentice as well.
There's a mystery too about the 250k. Does he go for something that will give him a decent return annually on 250k - which might be 10% - or one that could give him a 1000% return with a bit more risk , and, if its got a good return, is he going to pick something where he needs to invest a lot more than 250k? What too if they only need 100k and can give him the same 10% return. Whats he after?