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0:00
S… Speaker 1 (3dd7f8b02bbdb9b36493ba2203431755)
So when you look at all these billionaires, they're not billionaires based off of, they got a billion dollars. They're billionaires based off the evaluations of their business. I learned that when I did the private jet, the brokering business. So when we got that, and they go, okay, yeah, we got a valuation of like $110, $110, $104 million. Somebody offered us $84 million. And I said, oh.
0:18
S… Speaker 1 (3dd7f8b02bbdb9b36493ba2203431755)
And I thought, oh, man, we sell $84 million, we up. Nah, cap. These niggas better be selling businesses for $100 million and shit like that. That shit cap. They don't get $100 million cash. No, you go get $3 to $5 million, $7 at max. And if you got partners, you splitting that. And then you get the rest over time based off of performance.
0:36
S… Speaker 1 (3dd7f8b02bbdb9b36493ba2203431755)
based off if I make you the money if the company keeps performing. And if it doesn't, I don't get it. But I'll stand and say, oh, I sold a business for $150 million. Man, I've seen that shit. I said, so they wanted to give up like $3 to $4 million, give stock options, all this other little bullshit. And I said, no, what's the cash? $3 to $4 million. I said, what the fuck we worry about that for? We make that. And I got to be tied to you for two, three years with the business and still be, fuck out of here. So you got to get into businesses that when we say we exiting, okay, the check that get cut based off of performance is a lot higher.
1:06
S… Speaker 1 (3dd7f8b02bbdb9b36493ba2203431755)
and does not require me to stay there and be there super hands-on for so long where the operations is there. So that's my main goal now. So when I build out recession-proof capital, when I build out the business Emporium, my jet brokerage company, I got a tech company. So as we build these out, it's like, nah, build them out. The money coming in collected is cool. But the evaluation is great because now I can cash out.

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