Sweat equity is the most valuable equity there is. Know your business and industry better than anyone else in the world. Love what you do or don't do it.
Sweat equity is the best equity.
I'm struck by the fact that by and large equity capital doesn't play a big role in new financing; it's either bonds or internal financing but not really equity. And therefore, it's not clear that anything which improves the equity markets has really much to do with the productivity of the economy as a whole.
We really wake up every day trying to build businesses. That is the goal of private equity. It's a misnomer out there that private equity profits by shrinking companies. In fact, it's just the opposite. Private equity creates value by growing great companies.
Sweat equity is the best startup capital.
Founders are usually very stingy with equity to employees and very generous with equity to investors. I think this is totally backwards.
Private equity has absolutely no reason to exist. The private equity holder has all the upside and the banks all the downside.
He who seeks equity must do equity.
Most startup entrepreneurs unnecessarily spend half their time and give up half their equity in search of funding from angel investors and venture capitalists. Tens of millions of dollars are available to them for free from partners who not only don't want their equity, they don't even want to be paid back.
Personal brand equity erodes much faster than corporate brand equity.
If we don't figure out a way to create equity, real equity, of opportunity and access, to good schools, housing, health care, and decent paying jobs, we're not going to survive as a productive and healthy society.
If we dont figure out a way to create equity, real equity, of opportunity and access, to good schools, housing, health care, and decent paying jobs, were not going to survive as a productive and healthy society.
You have to have a work ethic. It is always 24/7. It is a lot of sweat equity, and it is a little bit of Lady Luck.
Equity is a roguish thing. For Law we have a measure, know what to trust to; Equity is according to the conscience of him that is Chancellor, and as that is larger or narrower, so is Equity. 'T is all one as if they should make the standard for the measure we call a "foot" a Chancellor's foot; what an uncertain measure would this be! One Chancellor has a long foot, another a short foot, a third an indifferent foot. 'T is the same thing in the Chancellor's conscience.
You know, obviously I've been around for a while, so I've got a little sweat and blood equity built up.
In a way, I've made a career out of sweat equity, and I've enjoyed sharing what I've learned in the process. It's a great feeling to educate people on how to get into their first or fifth home in the most economical way possible.