Codie Sanchez

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.

That means the investor is not going to make any money.

That means the investor is not going to make any money.

If a small business stays the same the day that I bought it as the day that I sell it, that's okay because I anticipated that and I just cash flow on that bad boy for some amount of time.

If a small business stays the same the day that I bought it as the day that I sell it, that's okay because I anticipated that and I just cash flow on that bad boy for some amount of time.

And that's really the difference between the two.

And that's really the difference between the two.

I always call it the fax machine test.

I always call it the fax machine test.

Every time I see a fax machine, I get all tingly because it basically means that they haven't spent much money on technology, probably haven't done much marketing.

Every time I see a fax machine, I get all tingly because it basically means that they haven't spent much money on technology, probably haven't done much marketing.

And that's something that's called value add.

And that's something that's called value add.

It basically is just the same as a piece of real estate in which you're like, oh, look at this awful shag carpet.

It basically is just the same as a piece of real estate in which you're like, oh, look at this awful shag carpet.

And then you peel up the corner and you're like,

And then you peel up the corner and you're like, beautiful, original hardwoods.

beautiful, original hardwoods.

Awesome.

Awesome.