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Showing posts with the label Patriarch Partners LLC

25th New Thing – Watched 20/20

I decided to watch a show that I've never watched before. I've never watched 20/20 even though I used to see the Barbara Walters commercials all the time. 20/20 is a television newsmagazine that has run on ABC since 1978, with around 5 million viewers per week. I chose to watch Episode 66, Lessons from Billionaires, that originally aired on October 28, 2011. Segment 1 was about Guy Laliberté , worth $2.5 billion, who founded  Cirque du Soleil in 1984. He is originally from Canada and started out as a street performer himself. I believe there have been 29 unique shows thus far. Segment 2 was about Lynn Tilton , who is the sole principal of Patriarch Partners, LLC which manages 75 companies that generate $8 billion per year in revenue. She is originally from Teaneck NJ. She buys companies in jeopardy, restructures them, and finding new ways to make them profitable. Her advice to young entrepreneurs is "success comes from following your passion." Segmen...