[hollerith]

VC and PE are distinct. You can't just interchange the terms.

VCs invest with the hope the investee will grow quickly. PE firms do not have that hope. This distinction has a large effect on the strategies available to the investor. A PE firm for example will usually be averse to investing if they will not end up with managerial control over the investee, but a VC fund routinely makes such investments.

[JKCalhoun]

Yeah, I screwed up — I meant PE.