[gsxrken]

To Paul’s point, I was the 7th employee of a PE-backed startup… access to capital allowed us to acquire 4 different companies; between the cross sell upsell and signing new business, have grown to over 900 employees. Some people lost their jobs, many more than that were hired. When it sells, most likely to a strategic or larger PE company, will it be a good day for the founders and investors? Yes it will.
Access to capital is why this country is still the envy of the world. The overly-simplistic “Wall Street” movie plot where PE hollows out, loads up, and sells off assets is not typical. Do they **** things up sometimes, and completely alter the culture of a company? Of course. Life marches on.