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by Hongwei 2099 days ago
Isn't this the standard private equity playbook? Buy, hold, and flip? Though Softbank isn't a VC and I haven't heard of mass cost-cutting after they buy something.
2 comments

Private equity would take on a lot of debt, pay themselves bonuses, then flip the company.
VCs actually don't do that, though. VCs invest earlier and usually for a smaller, non controlling stake.

PEs do the buy complete company, often through an LBO, "restructure", flip for a profit.