Three Sealed Envelopes

BVP Operating Partner Christopher Risley recently had to relocate 3,000 miles for family reasons, forcing him to resign a CEO position and leave the company in the hands of its very capable President. Chris jokingly tells that (in the spirit of psychohistorian Hari Seldon of Asimov's Foundation) he left his successor three sealed envelopes to open each time he found himself at a complete loss as to what to do.

In the first envelope, the note reads, "Blame me."

In the second envelope: "Cut your burn and re-structure."

In the third envelope: "Prepare three envelopes."

(Before anyone cries plagiarism: Chris did disclose that it's an old joke.)

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