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private equities and startups/small businesses are fundamentally different in terms of the 'skin in the game' that startup founders and small business owners ha
by mjfl 2y ago
private equities and startups/small businesses are fundamentally different in terms of the 'skin in the game' that startup founders and small business owners have in their business. They've typically invested themselves significant parts of their lives into their businesses. The same cannot be said of private equity funds, and you should know better.
- JumpCrisscross 2y ago> terms of the 'skin in the game' that startup founders I’ve done a startup. My skin in the game was significant, but I was less dependent on the outcome of the startup than I was keeping my job earlier in my career. In any case, fraudsters also have lots of skin in the game. This argument is irrelevant to the irrelevance of public reporting requirements, or the empirical track record of private equity for LPs.