Peter tells Richard and Erlich what he values in a company when they incorrectly guess his reason for deciding to fund Pied Piper. Peter states that he invested in the team and tells them to get the company in order or he will not fund them.
Harry evaluates Ray Kroc's business, McDonalds, and points out that the business brings in dismal earnings and faces many growth obstacles. After Ray explains his franchise model, Harry tells him that he is actually in the real estate business, not the burger business. Harry goes to to tell Ray how he can tackle many of the problems he's experiencing with compliance and revenue generation by purchasing land and leasing it to franchisees.