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All we
did was get money out of our friends Tim and Ted to go forward and try to do
this. There's no way to value our relative contribution other than saying we
split it a third, a third, a third and move forward. I've never had a regret
about doing it that way.
Don't
be greedy and hope that by having three happy people that stay for a long time,
as opposed to maybe one guy that's really happy because he took the majority,
and he loses those two golden egg layers over the course of time. I don't think
that's a winning formula. I think you're going to create animosity, and you're
going to lose the people that are actually going to create the growth going
forward.
We
always give stock to really all full time levels in the organization, and
invest over four years period. It's based upon a strike price of the public
markets when you join the company. So the earlier you join it, or there's a dip
in the stock, there may be fluctuations in that value, but options are an
important part of what keeps everybody sort of thinking on the same page.
HATTIE: Right.
KIM:
This is not dilutive in the sense of it's adding more to the share pool, it's
actually adding more to the talent pool, so it's accretive. And if you like the
kind of growth rates that we've put up over the last five, six years, that's
because we had good retention and we had the layers of the golden eggs stay
with us as opposed to jumping off the start company. So this stuff is going to
get quicker, simpler, more immediate and I think more importantly, more
definitive. Certainty and speed is really going to be the name of the game
because everyone wants to drive down costs of episodes.
GUNARS: We were in its early in the game, we
identified what is necessary to have the freedom to operate in this space. We
went out and got that intellectual property, and now we're in a privileged
position because of that. And at least for the next five to 10 years we don't
see that another diagnostic company can get into this business and copy our
model.
KIM: I
used to wake up in fear in the early days, fears a great motivator. A lot of us
lost a lot of sleep, there's not a satisfaction that we put together more
resources to make this dream and this model happen and it's not all incumbent
on just Gunars or me or Ken. We now have allies that we've hired in that fit
with the management team and it's a real sense of satisfaction to wake up and
know that we build a bigger entity, far more talented that can really withstand
some of these adversities that are going to come our way at some point in time.
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