[mbesto]

> I'm speaking from firsthand knowledge.

So am I. My reference to PE firms was that my anecdote of the few boards I'm on is supplemented by their experience.

> This entire debate should be recast the simple "build vs buy" concept that it already is.

Because that's entirely the premise of my argument. Did you read the parent comment and what I was responding to?

PS - Say what you want about PE folk, but they are the most ruthless capitalists. So IMHO they are far more incentivized to drive cost efficiencies than anyone else because profit = EBITDA = valuations.