Most interesting part of the article is the first comment:
> It still surprises me when I see mentions of Angi, because I'm old enough to remember when it was Angie's List. Angie's List had a stellar reputation of being 1000% the best place to turn to if you needed to hire someone to do something to your home or your car. What happened to it?
> The same thing that seems to be happening to every formerly decent product, service or business:
venture capital and private equity firms that pushed the company into an IPO.
> It still surprises me when I see mentions of Angi, because I'm old enough to remember when it was Angie's List. Angie's List had a stellar reputation of being 1000% the best place to turn to if you needed to hire someone to do something to your home or your car. What happened to it?
> The same thing that seems to be happening to every formerly decent product, service or business:
venture capital and private equity firms that pushed the company into an IPO.
With private equity, they leverage debt then leave the company to bleed to death.
> In July 2005, after struggling for years to compete with big-box retailers like Kmart, Walmart, and Target, Toys ‘R’ Us agreed to a $6.6 billion private equity buyout deal with KKR, Bain Capital, and Vornado Realty Trust in the hopes it would help turn the company around.
> The fund spent $1.3 billion of its own money and saddled the company with $5 billion more in debt to buy out the ailing retailer.
> In July 2005, after struggling for years to compete with big-box retailers like Kmart, Walmart, and Target, Toys ‘R’ Us agreed to a $6.6 billion private equity buyout deal with KKR, Bain Capital, and Vornado Realty Trust in the hopes it would help turn the company around.
> The fund spent $1.3 billion of its own money and saddled the company with $5 billion more in debt to buy out the ailing retailer.
- replies
- 0
- announces
- 0
- likes
- 4
Romney led directly to Trump.
Republican voters just threw their hands in the air and voted for the rich guy from New York after the GOP tried to give them Jeb Bush after trying Romney.
Republican voters just threw their hands in the air and voted for the rich guy from New York after the GOP tried to give them Jeb Bush after trying Romney.