In 30 seconds
Pagliuca argues that investors should consider their capital and price limits even when an opportunity is attractive.
- 1Bad dealsPagliuca warns against forcing a poor deal.
- 2CapitalHe says funding constraints matter.
- 3LimitsInvestors have different price limits.
Takeaways
- A bad deal can be worse than a missed one.
- Consider funding capacity.
- Set limits appropriate to the strategy.
Read the edited text by chapter
Discipline in deals
Investor Steve Pagliuca says a bad deal can be worse than losing an opportunity.
Investor Steve Pagliuca says a bad deal can be worse than losing an opportunity.
He advises stepping back if the required capital may not be available, rather than forcing a deal that could become difficult to finance.
Price and capital
Pagliuca says investors differ in their price limits and available capital and describes following his own strategy in a deal that did not work out. This is his perspective, not personalized investment advice.
Pagliuca says investors differ in their price limits and available capital and describes following his own strategy in a deal that did not work out. This is his perspective, not personalized investment advice.
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