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The Private Equity Perspective on Acquiring, Operating, and Selling Software Companies

In The Trenches

CHAPTER

The Importance of Culture in a Company

The people that got you from zero to five million are not necessarily the same people that will get you from five to 20 million. And during my time as CEO, we more than doubled the number of employees in the company. But our turnover rate for the employees that were with the company when we first acquired, it was upwards of 50%.

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