M & A CritiqueIn today’s deals, investors are taking bolder bets on niche, unproven businesses where future performance is highly uncertain. This makes it even harder — for both founders and investors — to answer a basic question: what is this company worth right now?
While earn-outs are a well-known tool for bridging that gap by tying part of the purchase price to future results, there is a parallel mechanism, far less ...
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