Odd that the article mentions startups 14 times and hedge funds zero. If a significant percentage of a profitable tech company with established customers and a

Odd that the article mentions startups 14 times and hedge funds zero. If a significant percentage of a profitable tech company with established customers and a revenue stream derived from long-term contracts with customers is owned by hedge funds, the hedge funds will flex their muscles a little and convince the company to start borrowing money so that it can buy back some of its stock and pay higher dividends. If such a company does not have a significant constituency of shareholders among its shareholders and has little or no debt, its managers will realize that their company is one that hedge funds are likely to want to own and influence, and that the best way to discourage the hedge funds is to take on debt to buy back stock and raise dividends. Q. E. D.