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I think good private equity investors create a lot more economic value than they destroy.

A savvy entrepreneur will not always look for investment money, first.

What most entrepreneurs don't understand is that it isn't the economy that bursts a bubble, but investor psychology.

But successful investors tend to be not too self-destructive. They tend to be patient, they tend not to follow the crowd, and they tend not to be too guilty about winning.

It's one of the most important things at the end of the day, being able to say no to an investment.

Most startup entrepreneurs unnecessarily spend half their time and give up half their equity in search of funding from angel investors and venture capitalists. Tens of millions of dollars are available to them for free from partners who not only don't want their equity, they don't even want to be paid back.

A lot of people who own a business aren't entrepreneurial at all.

Relative to all the start-ups out there, getting a valuation of $1 billion is rarely accomplished.

I sign off not only every investment, but every dollar that goes out the door - I'm aware of it.

Very, very few entrepreneurs who accept a 51 percent partner in a new venture will get rich if they are also expected to run it. Control is mandatory.