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Why the Underlying Structure of the Business Matters
"If you are ultimately beholden to shareholders, that's going to dictate everything you do," he says. "The same is true for a lot of venture backed startups,. all they care about is growth. That's the metric that matters." He adds: "For a team of four, five, six, even up to 10 people with millions in annual recurring revenue, you have the underlying financial margin to pay people well"