- I have never been part of a recapitalization or carveout (though I did do diligence on a couple of companies that would have recapitalized as part of a fundraise if funded)-- other than the normal term of stepping up the incentive option pool as part of a capital raise.
- Even so I pretty strongly feel there are times they are necessary tools, and are mostly used in this way.
- Of course, anything can be abused by people with poor ethics.
- I have never been part of a recapitalization or carveout (though I did do diligence on a couple of companies that would have recapitalized as part of a fundraise if funded)-- other than the normal term of stepping up the incentive option pool as part of a capital raise.
- Even so I pretty strongly feel there are times they are necessary tools, and are mostly used in this way.
- Of course, anything can be abused by people with poor ethics.