The Almanack Of Naval Ravikant
What You Will Learn
The Importance of Owning Equity in a Business
If you don't own equity in a business, meaning the upside only, your odds of making money are going to be very slim. So, earning equity in a company or starting a business means you own the upside. When big things happen to your company, you get a cut of the action. If you're somebody who owns debt, you're guaranteed revenue streams, but you own the downside.
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