Business Quote by Damon Dash
“I'm never gonna owe money because every time I get a dollar, I put it into another business, whether it's to buy goods or develop other companies. You don't have money; you have companies. That's one business model. That's mine. And I only associate with other people that are putting up their own money, 'cause they're the only ones that can relate.”
About This Quote
Source Interview: Business Talk, Damon Dash, 2015
He believes wealth comes from owning multiple businesses rather than holding cash, emphasizing reinvestment and partnership with self‑funded entrepreneurs.
In simple terms: Build businesses, not cash reserves.
Key Takeaway
Invest in ventures, seek like‑minded partners.
Themes
entrepreneurship
investment
networking
Mood
ambitious
pragmatic
Type
advice
business.
When to use this quote
- starting a company
- seeking investors
- reinvesting profits
- partner selection
Key Concepts
capital allocation
business model
financial independence
Questions to Reflect On
- How do you balance reinvestment with cash flow safety?
- What risks arise from relying solely on partner capital?
A Different Perspective
May overlook liquidity needs and risk diversification.
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