Codie Sanchez

So that's why I don't like anything that says proprietary on it or bioengineering or complex patents or even complex attorney companies because there's too much ability for me to not understand what's happening.

You can understand how a laundromat works, how a car wash works, how a roofing company works.

It just takes some work to understand it.

So that's why I don't like anything that says proprietary on it.

or bioengineering or complex patents or even complex attorney companies because there's too much ability for me to not understand what's happening.

Keep it stupid simple.

Keep it stupid simple.

I believe in buying companies based on reality, it's not hopes and dreams.

I believe in buying companies based on reality, it's not hopes and dreams.

That's the difference, really, if you think about it, private equity versus venture capital.

That's the difference, really, if you think about it, private equity versus venture capital.

Private equity, which is what I do, sort of buy these boring businesses.

Private equity, which is what I do, sort of buy these boring businesses.

Private equity buys businesses based on the money they make today, and they apply a very small idea to the money they think they could make in the future, but they buy it based on what it makes today.

Private equity buys businesses based on the money they make today, and they apply a very small idea to the money they think they could make in the future, but they buy it based on what it makes today.

Venture capitalists invest in a company now with the hope

Venture capitalists invest in a company now with a hope that the company becomes something else in the future.

that the company becomes something else in the future.

If the company that a venture capitalist invests in stays the same the day that they invest in it as the day they go to sell the company, big, huge issue.

If the company