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by toomuchtodo
359 days ago
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It's not a bad play, like PE rollups but arguably with more potential for success from a "founder/startup friendly" perspective. PE, historically, is very good at stripping/optimizing/etc (think Bending Spoons), but I think there is magic in startups PE simply does not have that allows for a different, yet more successful, outcome (growing vs cutting your way to financial success). We should see more of this as large, profitable startups have grown into long term private companies with no need to go public. |
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which i think is a real problem - it prevents "mom and dad" investors from partaking in the wealth creation process, as they are not sophisticated investors and thus barred from being able to invest in these PE investments.
Public listing has become a cashing out operation, rather than a fund-raising operation, if this continues to happen more and more. And the public becomes the bag holders.