Chris Koerner

So that they feel more like an entrepreneur.

They've got more of a piece of the pie.

Yeah.

I made the mistake in my 20s of dangling a carrot of equity too often.

Genuinely meaning it.

But most equity goes to zero.

Period.

I put a lot more emphasis on cash flow now in my 30s than I do on equity.

I think equity is overrated.

And so nowadays, I'm less likely to give an operating partner equity, not because I don't think they deserve it, but because it's more likely to go to zero.

And I'm more likely to cut them in on the profits so they can get paid ongoing.

On an annual basis or quarterly basis, et cetera?

Quarterly, yeah.

Interesting.

Is there any side hustles that you've heard about that you wish you'd started?

It's funny because a lot of the ones that I wish I started, I started like a lot of the 80 that I've done.

I just, it's something that I thought about for two weeks.

I can't get it out of my head and I just, I have to get it out of my head.

And so if I start something and it fails.

I don't really care because I don't invest a lot of money into it.