If anyone has read her second book, I'd love to know your thoughts - I'm debating it, and given what think pieces are books can be... it's a serious investment for me.
Private equity is buying everything from vet offices to tech conglomerates
301–310 of 362 posts
Re: Private equity is buying everything from vet offices to tech conglomerates
#302Earlier quoted context omitted.
The level of mental trauma endured by vets I doubt is matched by elderly care nurses.
And what makes you think that?
There's a TED talk on just how shitty being a veterinarian is. https://www.ted.com/talks/melanie_bowden_dvm_what_being_a_ve...
Re: Private equity is buying everything from vet offices to tech conglomerates
#303Re: Private equity is buying everything from vet offices to tech conglomerates
#304I have firsthand experience of how PE ruins startups. We were a small startup and unfortunately our founder decided to go with a PE firm rather than a VC firm for a round of funding. The latter were upfront about job cuts but the PE firm did not say anything until them took over. The founder got a good paycheck but we were left holding the bag. There was a bloodbath and they ruined the culture, the product and the mo…
PE acquired us and was a great partner. Allowed us to do larger M&A deals than we otherwise could have. Supportive but mostly stayed out of the way. Never suggested any cuts or anything that would impact culture. Ultimately led to us being acquired by a strategic a few years later in what I think was a good outcome for everyone. These are all just anecdotes. My experience doesn't override yours, but I'd be careful dr…
Re: Private equity is buying everything from vet offices to tech conglomerates
#305I have a pet theory: there are managerially-minded university graduates who value prestige more than power or pay. In the post-War era, they became beige-suited company men. In my generation, they went corporate finance. Today, they work for private equity. Banking was great. Everyone–from liberal arts to engineering majors–could putz around for years in a pre-defined and prestigious path with moderately above-market…
Private Equity partners become board members of the squired companies, some time CEOs, but they don't manage day to day activities of the squired companies.
You can check a company like Francisco Partners which one of the biggest PE firms now. They have another company called Francisco Partners Consulting which helps with the management. The partners are too specialized to become middle managers in the squired companies.
Re: Private equity is buying everything from vet offices to tech conglomerates
#306Earlier quoted context omitted.
Yes, they are called "Insecure overachievers". They are the bread and butter of investment banks, management consulting firms, big law firms, etc. They are also the reason that partnerships still thrive. A couple of years ago I was talking with this (big law) partner at a dinner, and we came in on the topic around partnership - and he just said it straight: The competition / rat race towards partnership is 100% skewe…
> Prestige is a powerful motivator. I know this to be true because I've seen so many people given BS titles instead of raises and be happy about it as if they got something of real value. But I don't understand it at all. Apparently, I lack the "prestige" gene.
Re: Private equity is buying everything from vet offices to tech conglomerates
#307Earlier quoted context omitted.
PE acquired us and was a great partner. Allowed us to do larger M&A deals than we otherwise could have. Supportive but mostly stayed out of the way. Never suggested any cuts or anything that would impact culture. Ultimately led to us being acquired by a strategic a few years later in what I think was a good outcome for everyone. These are all just anecdotes. My experience doesn't override yours, but I'd be careful dr…
do you tell this often? i could swear I've read this exact comment before (pe acquired, great partner, enabled m&a, ultimately acquired by a strategic)
It's like wondering why every farmer has a similar story when a locust swarm comes.
Re: Private equity is buying everything from vet offices to tech conglomerates
#308Earlier quoted context omitted.
> aggravating (e.g., self-checkout lanes... self-checkout lanes are not viewed as a bad thing by many. Given the option of a self checkout or staffed checked, I'd choose self checkout. The negative aspect of self-checkout is that it's usually paired with the store being understaffed, instead of redirecting the freed up staff to other roles.
Where am I supposed to put all the groceries? They have to stay on the scale, but the scale is very small.
yet another job where i can, in fact, actually do it better myself. i'm just as fast on the self checkout machines as the cashiers are on their point of sale systems. the buffered queue also helps tremendously, instead of the line lottery of checkout lines. again - simulated and optimized.
the other people that do self checkout are also basically young-ish, single/alone, and would rather be anywhere than the fucking grocery store checkout line. separating people who are interested in getting the fuck out of there with food from the people who are slow, clumsy, and deliberately take a long time to make sure all their tiny little nitpicks are addressed by a captive employee audience is the best thing to happen to groceries in the 30+ years i've been wasting my life 15 minutes at a time at stores.
Re: Private equity is buying everything from vet offices to tech conglomerates
#309The disease of PE firm is very real. I am all for free markets but this is NOT free market. These are the cockroaches that get capital from funds that manages yours and mine 401K. They use that capital to kill local businesses, install new passive income generator like warehouse in order to cut all the costs and then sell it back to suckers for short term profits. The price of their profits are paid by huge negative impact on who continues in the area where they caused devastations.
Re: Private equity is buying everything from vet offices to tech conglomerates
#310I have seen this happen over and over. This is the issue that should be front and center for elections but public doesn't know what is going on. Recently PE firm bought out the building which had oldest and only rock climbing gym. PE firm refused to renew their lease and forced to shut it down. The entire community of rock climbers basically died overnight. Lots of children growing up and learning this sport would no…
>an economic system based on supply and demand with little or no government control