it is worth more, but you have to do 100% of the work to get 25% more upside. Or take $5m and get no more upside and 70% less work. The "work" here is dealing

it is worth more, but you have to do 100% of the work to get 25% more upside. Or take $5m and get no more upside and 70% less work. The "work" here is dealing with regulations, insurance companies, administration, payments, and accounting, not actually looking after dogs the PE model is often to provide a competent regtech/administration core and then plug heaps of regulated businesses into it and centralise all the admin imagine opening a vet in SF in 1950 in a cheap shoplot and people just paid you with hard cash or cheques in person, you wrote receipts with a biro, and filed taxes once or twice a year on a few sheets of paper... compared to now