First there is an idea.  The idea is announced on WFA and it becomes a venture.  The creator or creators of the venture have determined the size (in US$) of the venture.  This is the share value, basically the amount of money estimated to be needed for the venture to become physical and fully operational.

The estimated value of the venture (min. $10m, no max.) is fixed at the inception and cannot be adjusted later.  The value is then split into shares, each share starts at $1, so the share value of the venture is the finite number of shares the venture has to trade. These are unallocated shares.


The creators and venturists then build up the venture.  This is done by share exchange through WFA.  Anyone who trades in shares is known as a ‘venturist’.  There are two types of trades and several methods of trading.

‘Unallocated Share Trades’ (USTs) are tools to build up the venture capital and introduce and exchange market of venturists into the venture.  Any shares that are unallocated (i.e. no venturist has bought them yet) are sold through USTs on the WFA exchange.  It is up to the top nine venturists (in terms of number of shares owned) that decide upon the unallocated share packages to make available to the public.  Unallocated shares are sold via auction always with a starting price of $1 each.

USTs are only available to members of the public and not available to current venturists of the venture.  Allocation of the funds for USTs is 90% go to the venture capital, 9 x 1% goes to each of the nine top venturists (venture capitalists), and 1% goes to the WFA exchange.

‘Allocated Share Trades’ (ASTs) are exchanges of allocated shares (i.e. shares owned by venturists).  It is up to the seller and buyer to determine the prices of the exchange.

ASTs are only available to venturists of the venture and not available to members of the public.  Allocation of the fund for ASTs is 90% go the seller, 9% goes to the venture capital, and 1% goes to the WFA exchange.

USTs are gateways of entry into the exchange of shares for the particular venture.  Since a venturist has only one attempt at an UST, they much judge whether the package they buy is big enough to use for trading, but also small enough to be able to return a profit as quickly as possible.

Venture Capitalists

Although every venturist of a venture has a say and stake in the venture, it is up to the top nine venturists (in terms of number of shares own) that have the final decision (or veto) in the development of the venture.  It only takes 5 or more of the top nine venturist (known as capital venturists) to come in agreement for a decision to be made.


All trading takes place in the WFA exchange.  A venturist may sell a package (set number mutiple of ten) at auction on the WFA exchange.

Full Allocation

‘Full Allocation’ of a venture occurs when all unallocated shares are owned by venturists.  At full allocation the venture capitalists (top nine venturists) can choose to carry on, sell out, or wind up the venture.

Sell Out / Wind Up

The venture should at this stage be fully self-sufficient and a legitimate business, and there is no need for its venture status.  At the decision from the capital venturists can decide to sell and disperse the monies to all the shareholders (sell out), or wind-up the company and liquidate all the remaining monies to the dispersed among all the venturists on a value per share arrangement.