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Mike from Non-Gaap on the Corporate Dark Arts
Yet Another Value Podcast
The Importance of Being Founder Friendly
When an investor is deep in the money, you're going to be a lot more tolerant of certain behaviors that the management team does. TPG bought J Crew with Mickey Drexler and used compensation levers like spring loading to keep him happy. The model reminds me so much of the VC model, where, hey, we make these guys happy.
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