> Is private equity involved here? Nope. But VCs are involved. > Seems like the private equity playbook is to cut development to the bare bones, increase pric

> Is private equity involved here? Nope. But VCs are involved. > Seems like the private equity playbook is to cut development to the bare bones, increase prices, and let the app rot while they burn the goodwill to turn it into short/medium term cashflow. Quite the opposite. Most PE does not do this btw, unless it's large cap ($1b+ valuation or higher). This is VC backed, and they are actually aggressively investing in growth (at all costs).