Larry WeidelMentor and Coach Empowering Million Dollar Earners

Episode #701 - The Driving Forces Of Entrepreneurship with Ron Diamond, Founder of Diamond Wealth

17 Apr 2024 · 0 min

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This content was created by Larry Weidel. This content was uploaded by Larry Weidel. This is a YouTube video titled "Episode #701 - The Driving Forces Of Entrepreneurship with Ron Diamond, Founder of Diamond Wealth" containing a monologue or talk by a single speaker discussing the importance of family offices and the impact of private equity and venture capital on public markets. The content is from April 17, 2024, and focuses on financial and entrepreneurial topics.

The reason I think that family offices are important is twofold. First, the less important from an economic standpoint is I think that as private equity and venture capital disrupted the public markets in the mid-80s, because it was a better model. So let's say you have a company and you've got to report to a guy like me every 90 days. It's hard to run a company efficiently. Very challenging. So private equity and venture capital came in. It's like 2% covers the overhead, 20%. I make money if you make money. It was a better model. You didn't have to report every 90 days.