10% of a $4 million deal or 100% of a $400,000 deal?

[Eric M.]

@Brandon Turner always says that 50% of a great deal is better than 100% of no deal, but what about a small percentage of a large deal vs 100% of a smaller deal?

It seems like there is a lot of love for syndication and partners on BP. The advantages I see with that are that you can bring in expertise that you lack, along with being able to take advantage of some economies of scale.

On the other hand having 100% of control of a deal and not having to answer to anyone else sounds divine.

Curious what BP thinks about this.

[Jay Hinrichs]

I think the question to ask is what happens when things don't go right.. when you own something out right you have a little more flexibility on what to do.

when your part of a large group.. your dependent on others for your outcome... Sponsor in these deals in my mind is far more important than the deal.. there are deals everywhere that's not hard to do.. finding qualified ( VERY EXPERIENCED) sponsors who have been through many economic cycles is hard to do.

Control freaks go for owning the asset and don't like to be part of the crowd or the group.. those that want to hand everything off and let someone else run it.. those are the types  and ( personality types) that like the group approach.

its all rosy until it isn't  :)