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> One source says that the Utah-based company's financials have improved, with a around 26% EBITDA growth in 2023, but not enough to service nearly $1.3 billion of debt that was issued when interest rates were lower. Pluralsight hasn’t failed entirely as a company. It’s just that it can’t produce enough profits to pay down the huge debt Vista took to acquire it. Many tech PE deals happened under low interest rates, b…
Who is to say they reach “unicorn” status and have a good exit if they didn’t take on that VC cash to do those acquisitions?
Pluralsight is a classic example of a small tutorial site forced to become a giant company. It just doesn't work. There was another: Treehouse, which had a similar fate. On the other hand Jeffrey Way's Laracasts is an astounding success and had a huge role to play in the second coming of PHP.
Pluralsight is a classic example of a small tutorial site forced to become a giant company. It just doesn't work. There was another: Treehouse, which had a similar fate. On the other hand Jeffrey Way's Laracasts is an astounding success and had a huge role to play in the second coming of PHP.
> One source says that the Utah-based company's financials have improved, with a around 26% EBITDA growth in 2023, but not enough to service nearly $1.3 billion of debt that was issued when interest rates were lower. Pluralsight hasn’t failed entirely as a company. It’s just that it can’t produce enough profits to pay down the huge debt Vista took to acquire it. Many tech PE deals happened under low interest rates, b…
One reason for Pluralsight’s success is through acquiring a bunch of tech training and e-learning companies to have a huge content library. No doubt they used some of their quarter of a billion in VC cash to perform those acquisitions. Who is to say they reach “unicorn” status and have a good exit if they didn’t take on that VC cash to do those acquisitions?
As a user, them destroying chunks of the e-learning space and cashing out is something I view as a negative.
1B+ write-off's all deserve a full post-mortem. It's crazy to imagine such amount of value disappear into void.
I consider it the beauty of capitalism. People are equally free to create huge value or destroy huge value.
Earlier quoted context omitted.
Why would any of us care? It's not our money. $1B+ valuation changes happen all the time.
Taxes? The investors in the PE's fund that owned this company?
Earlier quoted context omitted.
I consider it the beauty of capitalism. People are equally free to create huge value or destroy huge value.
That also begs the question how much of that value is substantial and how much of that is just narrative froth from speculation.
Interesting take.