Millard Drexler Quotes

Joint-stock companies are yet in their infancy, and incorporated capital, instead of being a thing which can be overturned, is a thing which is becoming more and more indispensable.

I wanted a CFO with public company experience; I needed an HR department, new office space, and a board which could help me grow the business. Insight, the private equity firm I chose, helped me with all that.

We really wake up every day trying to build businesses. That is the goal of private equity. It's a misnomer out there that private equity profits by shrinking companies. In fact, it's just the opposite. Private equity creates value by growing great companies.

We welcome the interest from PE firms, as we see it as a sign of our progress, and my position is that we should always open the doors to those who want to bring capital to our industry.

I think that the most important thing we look for in partners is that they can help build companies and, you know, we have the - we have the opportunity to do that at different stages.

Mr. Morgan buys his partners; I grow my own.

I think 'Something Ventured' is a nice piece because it celebrates venture capital in a unique and powerful way.

Towards the end of 2005, Ineos acquired Innovene, the petrochemicals arm of BP, for $9 billion. It quadrupled the size of Ineos overnight and brought with it some of the world's largest industrial sites.

The most important thing for us is investing and making companies great, and then they have all the options they want, whether that's to go public or stay private.

And we invested three hundred thousand dollars, became the lead investor and I became Chairman of the Board of Scientific Data Systems, as I was at Intel for a while.

Prove to yourself that your business, in micro-scale at least, creates value. If you believe it, you'll find it that much easier to convince potential investors, partners and employees, too.

Venture capitalists certainly create value for themselves, but they also singularly create value for the rest of the world.

In the first three years of Mint, from when it was founded to when it was sold, I can honestly say that in a sustainable way, I couldn't have worked any harder on it.

If a rich person invests in a business, either directly or through stock purchases, it means business can grow and hire more people.

I think this is also a great time to invest in private equity, helping companies grow from the ground up.

I have either run private equity funded companies or been a partner in a private equity fund since 1982. I've had a front row view of the vital role private equity continues to play in building and keeping American businesses competitive in the global economy.

When you are buying companies, everyone in the company feels very good. Their chests are puffed out. At Blackstone, I used to tell people that there is nothing more fun than buying a company with somebody else's money. The business is growing, which creates more opportunity for your employees.

Private-equity and hedge-fund guys typically come into a situation of mediocrity, where rapid change may result in a profit.

We work. You don't come here to take life easy. And we all got rich from it, so, you know, there's a benefit from it.

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

We worked personally with a lot of great VCs. They just work incredibly hard at supporting entrepreneurs and their companies.

To create a big company, you need more partners, as it is hard to handle such a project alone. Such projects bring access to the expertise and management resources of the partners, and their connections above all.

I have started many companies now worth more than $100 million. So I know a little about business.

I love using a targeted acquisition approach in conjunction with a business that has a clear strategy and strong organic growth.

I look forward to working closely with the CDK Board, management team, and employees to enable CDK to meet its full potential to generate value for all of its stakeholders.