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I see your reasoning but I wouldn't worry too much about the magnitude of the risk because the way I understand it an Entrepneur is pre-IPO so his Residual risk could possibly be larger than the Executive or Investor. Cause of a lack of an exchange ect. That could make his systmatic risk higher or smaller than the Executive or Investor

I think the aim is to know what risks exists and not how big they are, u agree?.

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