An entrepreneur is someone who's more risk tolerant than average, very optimistic,

doesn't lose a lot of momentum in between failures.

That's really the skit.

It's not that they don't fail.

Sometimes I fail a lot.

They just don't lose momentum.

But what happens is they can pitch hit and run.

It takes one free person to create change this is the show

for them we are the creators of the free world this is capitalism dot com and we are the one percent

in 2016 my business partner and i decided it was time to start listening to offers on the open

market for one of our businesses.

And so we started preparing our business for sale.

And in 2017, we closed on the exit of that business in what was the biggest financial win of my life. I still continue to

own a small minority stake in that company. And today I am on the podcast with one of the

individuals who was on the team that bought that company. Now, we are not here to talk about that

deal. We are not here to analyze the positives or negatives or to recap the experience. We're here to

talk about private equity as a business because as I went through this process, I became fascinated with the business model

of acquiring other businesses, specifically using other people's money to buy businesses.

Some of my entrepreneurial buddies who also had exits, we kind of got together and we were talking

about the model of, man, starting a business is really hard but look at all

these businesses that could be acquired with other people's money and then grown with our talents

and our expertise and our energy and our network doesn't it make more sense to buy businesses

...