I associate Venture Capital more with businesses that are starting out (hence a "venture"), and Private Equity with already established businesses that are bought out, made to churn out a more cheaply made inferior product while cashing in on the name recognition, and ultimately run into the ground. That's not always the case, but I think it is a fair generalization.
Every VC and PE shop out there has a particular niche. All of them have their share of success and failures.
Trying to paint them all with one stroke is like saying all research universities are the same because they just do research.
The B1G has a lot of money and a lot of really good lawyers, I am sure. They aren't going to get duped like some retiree being scammed by a rouge contractor.
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