Codie SanchezFounder @ Contrarian Thinking

If You Have $0, Watch This

19 Jan 2025 · 0 min

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0:23

Codie Sanchez advises young people with no cash to consider partnering with friends to pool capital and buy a small business together. She emphasizes diversification of risk, shared learning if the venture fails, and that entrepreneurship/acquisition need not be done alone—large investors also collaborate.

If I'm young and I have no cash, what would I do? I might go and I might partner with a couple friends and I might say, hey, do you want to pool our capital together, buy this little business together? If it doesn't work out, it's not going to murder us. It's going to hurt, but we're going to learn a lot and we're going to diversify our risk amongst us, and we're going to do it together. Don't think that you have to do this game of entrepreneurship and acquisition by yourself. You don't. The big boys in private equity don't. You don't have to either.