Whatever you build, you're building for the family - not with an eye toward getting away, but with an eye toward adding to the family pie.

Just because one happens to be wealthy, it doesn't mean you are naturally any good at building an investment operation that is world-class or successful.

I grew up in a household that revered building businesses. It wasn't thinking about leadership; it was more about building something. To build something, you ultimately have to lead.

You, as an entrepreneur, must make sure the postmoney valuation is a number you can obtain. You don't want too high of a valuation.

None of our family businesses were focused on technology. It was '93 when I came out of law school, and the Internet was taking hold. So I started New World Ventures.

Any business owner can tell you that if their company isn't performing profitably and up to standards, one of two things will happen: either you make changes to improve its efficiency, or a competitor will drive you out of business. Market forces have a way of cutting to the chase rather quickly.