equity-structure
+2
Sep 25, 2026
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4 min read
A put option we thought was protection turned out to be symmetric risk.
deal-structure
Sep 16, 2026
3 min read
What a buyer asks before naming a number tells you more than the number.
exit-readiness
+4
Aug 28, 2026
The company you think you own may be priced by three different comp sets.
Aug 26, 2026
The written role a buyer promises rarely survives the first year.
Aug 17, 2026
5 min read
Buyers pay on last year by default, not by law.
transferable-value
Aug 10, 2026
Four of the five levels pay you cash without ending your ownership.
