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Private Equity Keeps Buying Tech Companies, and They're Not Selling

4 pointsby techdemicover 1 year ago

1 comment

brazaover 1 year ago
&gt; They must be prepared for a culture that vigorously prioritizes profitability and performance metrics, often with a sharpened short-to-mid-term focus due to the typical PE investment<p>Folks that comes from VC-Backed&#x2F;Big Tech universe gets sometimes a shocking surprise when comes to PE held company.<p>Once in a previous employer (PE acquired company) our manager hired a person from FAANG and after 3 weeks the person told that he would like to know the company perks; and the lady of HR (that was the Office Manager also) told:<p>- Smoking area cubicle on the terrace<p>- 30 minutes a day of smoke break<p>- 5 daily capsules of coffee (some cheap version of nespresso)<p>- wet wipe and listerine on the masculine bathroom<p>- training for the fire brigade<p>After a week we never saw the guy again.
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