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11/09/2016

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Not necessarily only less experienced investors want strike price linked to investment price. Private equity investors also regularly want this linkage because it ensures that the employees won't be able to benefit if the investors do not.

Dave,

Very good point. PE investors are far more concerned with their returns. I find this is mainly because they are not betting on a dream as much as they are betting on demonstrable improvement of an underperformer.

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