Speaker unverified: evaluation

Transcript context

…With all that context and having done it in the past and realized it didn’t work, what’s the philosophy this time around? When you say it doesn’t work, I think you have to be careful in terms of work to do what. So if your objective is these really deep strategic tie-ups and/or return on your capital or both, I think it's kind of hard to do both at the same time. You think about setting valuation and being a difficult investor, sometimes you have to have hard conversations as an investor with your companies and you think about obviously the hardest one that a board might have to do which is changing out a CEO. As a partner, as a strategic investor, we’re not good at that. We certainly don’t want to ever have to turn to our partner and say, “By the way, you, you founder or CEO, you’re not right for this company anymore as an investor.” There’s a whole set of difficult conversations that come along with being an investor in companies but one in particular I’m thinking about is, “hey, now is actually the right time to sell the company.”…

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