Sure, everyone loses some of the time. LBOs totally have borrowed a bunch of money, sold something for parts, cashed out, and left the banks or the public mark

Sure, everyone loses some of the time. LBOs totally have borrowed a bunch of money, sold something for parts, cashed out, and left the banks or the public markets or a future buyer or whoever else holding the bag. It has happened. It is not, however, the business model, as many here seem to think, because the people on the other end aren’t THAT stupid. There isn’t that much dumb money. The business model is buy a company that’s in serious need of improvement, fix it, then sell it/take it public. That’s why they prefer companies with high revenue and losses. Or sometimes, if they think an industry is just poised for strong growth, they just buy and hold. I suspect that’s what’s going on with all the veterinary office purchases we discussed recently. I really don’t know where Squarespace falls. They’re allegedly keeping management in place which would make me guess they just think it’s poised for strong growth but I really just don’t know.