The difference between owners and renters
Episode Stats
Words per minute
253.84616
Summary
When people show up as owners, not renters, think about it. You go into a neighborhood and you can tell which house is occupied by a renter. They don t take care of it, they don t cut the grass. There's garbage out front. An owner would do that because that's their pride. People will show up completely different when they feel like they have a piece of this.
Transcript
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my business partner, Sam, six years ago, I meet him. He's 15. He was a high school student. He
00:00:03.960
was editing videos behind the scenes. And then about a year ago, I decided I'm building this
00:00:07.540
media company and I want to build it with Sam. And I said, I want you to be my partner. When
00:00:11.300
people show up as owners, not renters, think about it. You go into a neighborhood and you can tell
00:00:15.600
which house is occupied by a renter. They don't take care of it. They don't cut the grass. There's
00:00:20.540
garbage out front. An owner wouldn't do that because that's their pride. People will show up
00:00:25.060
completely different when they feel like they have a piece of this. This is the kicker. To be a
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partner of mine, minimum, you got to be on my team for three years. Do not give equity to people
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that does not drive forward in your absence because those people think, well, you should
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get a piece of equity. You didn't earn it, dude.