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The Importance of Incentives in a Business
The goal that I've always had is to align incentives as much as you possibly can up and down the stack, right? So if you think about it, we want the portfolio companies to be focused on long-term cash generation. We're all incentivized to basically reinvest when it makes sense and did not reinvest when it doesn't. It's only if you see something in the capital structure, right, in how you're incentivizing them that would cause them to do something you don't want them to do.