[letmeinhere]

Private equity owned businesses are run in an even more predatory manner, not for next quarter's profits but just to extract every dime of equity as fees and services for their parent or as loan principal that can never be paid back.

And then venture-backed companies are ticking time bombs that abruptly close shop when they run out of money or are acquired, or at best themselves turn into the publicly traded companies you loathe.

"Good" companies are mostly just a consumer-friendly stage of the investment lifecycle.

[nine_zeros]

I hear what you are saying about PE backed and VC backed companies. Not wrong.

But there is a whole another world of companies whose investors are not shooting for next quarter extraction. Their horizons are larger and their returns are calculated beyond FCF and gross margins.

These kinds of companies are the local businesses, trying to upstart and grow for a smaller set of towns around their geographic location.

Obviously not all companies can work with such small scale and such investors. In such cases, stick to non-public ones. At least their horizons are beyond the next quarter.