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Greg Geronemus - Traditional Search Misconceptions - Ep.102
Think Like an Owner
Are You Setting Your Investors Up for Success?
A self-funded searcher or a first time search investor could protect themselves. I think it's perfectly reasonable for the self-funded deals, even if the economic structure is different to have solid governance in place. Make sure that there's a board of directors. That's reviewed and approved. There's oversight over their comp. So annual cash comp should be handled in an appropriate way. And then what can a searcher do? Most searchers are on the earlier end of their career,. But let's just go with the example of a searcher in their late 20s, early 30s. A searcher said they should take a step back and think about balancing both their economic opportunity
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