Biz Owners Ed | 02/14/2020
Rick Sapio is a life-long entrepreneur who started his first company, a bicycle repair business, after the death of his father. He was just 13 years old. Since then he has founded more than 20 companies. After college, Rick worked in the investment industry, and traded distressed securities. Shortly thereafter, he became the youngest partner at his firm, after making more than $1 million in commissions and $100 million in transactions in one year. He was still in his mid-twenties. At the age of 30, he started an investment holding company, called Mutual Capital Alliance, Inc. (MCA), which has made more than 50 investments in the past 17 years. His firm invests in private companies, public companies, start-ups, and real estate. M.C.A. has more than 35 holdings which include publicly-traded mutual funds, private funds, 11 start-ups, real estate, and distressed loans. His firm is also an active investor in 10 healthcare and medical device companies.
Rick was the President of the Dallas Chapter of Entrepreneurs Organization for two years, President of The Dallas Round Table, and is currently a member of Y.P.O. He is a 3-time graduate of The Stagen Leadership Program, and is currently enrolled in the Graduate Leadership Program. He is the four-time Chairman of M.I.T.’s “Gathering of Titans” program in Boston in 2010. He is also an active donor to The Entrepreneurs Foundation N.T. In the past two years, Rick’s passion for business turnarounds has enabled him to successfully lead transitions of two mid-sized private companies.
In this episode, Rick Sapio discusses how to start your company with the correct values. Much like at home, your company MUST be founded on a clear set of values in order to maintain a clear, simple, and focused vision. Enjoyside. He mentions that if you want to be rich, you cannot be afraid of risk, or taking on leverage. Enjoy