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a) Off-shoring is a consequence of poorly thought out and even more poorly enforced tax-laws, not private equity firms. b) If you have a private equity investo
by darawk 12y ago
a) Off-shoring is a consequence of poorly thought out and even more poorly enforced tax-laws, not private equity firms.
b) If you have a private equity investor stomping around your startup, it's because you solicited their investment. If you didn't want it, don't take the money. Simple.
- TheOtherHobbes 12y agoa) Private equity has always pushed for off-shoring and for a favourable tax culture. This is only a government failure to the extent that government hasn't resisted lobbying efforts from the PEs. b) So you're saying founders have a choice between accepting bullying or being starved of funding? Perhaps that's not the positive argument for PE it might appear to be. The reality is that PE culture vampirises and kills real businesses and real affluence. It's only investment in the most toxic and predatory sense.
- adventured 12y agoFirst, people keep saying "private equity" - most investment in the US is private equity (eg every time an angel invests into a company, it's a private equity investment). I will assume what is being referred to here, is LBO or more aggressive acquisition type firms like Bain. The parent is right however, if Bain comes knocking on your private business, it's up to you as to whether you take their money. They do not use force to make you take their money or terms. I don't think the parent is making an argument in favor of these companies being saints, rather, that they function on a voluntary basis.