Still mad about Toys R Us
Today, yet again I had to lie to a date about what I do for a living, because every time I tell someone the truth, that I work in private equity, they have some choice words about "people like me ruining things" and "ruining the housing prices." I feel like an evil James Bond or something. FML
Top comments
JuneBleeds4 20
Working in private equity is a lot like investment banking, but for smaller firms rather than banks. They're essentially vultures who focus on Venture Capital (investing in start-ups who aren't really ready to go public but need outside capital to grow), Growth Equity (companies who are successful but still need increased liquid assets to grow; Growth Equity investors look for a majority share long-term investment), and Buyouts (companies that are failing, either private or public, who need to be bought out to either improve operations or be liquidated/absorbed into similar companies). A lot of times, private equity firms are the cause of both the rise and fall of small to medium businesses and generally ruins lives all while earning huge profits for themselves.
MidnaLink 33
Can we have some context for people who don't deal with finances?
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Comments (3)
poopface82 23
Just tell people something less embarrassing like being a dancer at a dive bar.
MidnaLink 33
Can we have some context for people who don't deal with finances?
JuneBleeds4 20
Working in private equity is a lot like investment banking, but for smaller firms rather than banks. They're essentially vultures who focus on Venture Capital (investing in start-ups who aren't really ready to go public but need outside capital to grow), Growth Equity (companies who are successful but still need increased liquid assets to grow; Growth Equity investors look for a majority share long-term investment), and Buyouts (companies that are failing, either private or public, who need to be bought out to either improve operations or be liquidated/absorbed into similar companies). A lot of times, private equity firms are the cause of both the rise and fall of small to medium businesses and generally ruins lives all while earning huge profits for themselves.
Hangryko 31
Oh please, an evil James Bond wouldn't sink that low. YDI for choosing an evil line of work.