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This is why I wrote in paranthesis that I am talking about refashioned lbo firms, not vc firms. I am talking about KKR, Bain Capital (not Bain Ventures), Blacks
by littletimmy 12y ago
This is why I wrote in paranthesis that I am talking about refashioned lbo firms, not vc firms. I am talking about KKR, Bain Capital (not Bain Ventures), Blackstone and the like. I am NOT talking about firms like Kleiner Perkins and Sequoia.
- adventured 12y agoThen why not say leveraged buyout firms, since your issue is with an exceptionally small segment of private equity, instead of referring in general terms to private equity (and PE CEOs) across your entire post? Having a good understanding of what KKR does, I fail to see how they're so bad. Most of KKR's deals have involved voluntary buyouts, which were then spun back off and voluntarily purchased by other investors. Almost all of the deals that made them famous in the 1980s were friendly deals. Can you give me a better understanding, in a short summary, of why KKR is so terrible?