3 ms·
This certainly exposes a moral hazard for their investors who have an incentive to maximise output for as long as an exit takes. After that, I doubt they care t
by justinjlynn 9y ago
This certainly exposes a moral hazard for their investors who have an incentive to maximise output for as long as an exit takes. After that, I doubt they care that much aside from having a "successful serial entrepreneur" with a reputation to further exploit.
- sambe 9y agoThey have an incentive to maximise the expected value of an exit. The parents are suggesting that maximising output reduces probability of an any exit, I believe.