In “industries are both smaller than you’d think but also richer in detail than you’d imagine” here is a list of PE firms doing software acquisitions. I could have named one of them, so, flagging for founders who may be interested in their services in the future.https://twitter.com/demaria_michael/status/1227129421561098240 …
To the extent PE can communicate their preferences to operators/founders they don’t have to take any market or execution risk. “SaaS company, X metrics, vertical: surprise me, but feel free to look at our portfolio for inspiration. Build that and I’ll buy it w/ high certainty.”
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they don't have to, but they're probably in a better position to identify markets than founders are (at least markets adjacent to ones they're already in), and they have to compensate venture investors for taking that risk
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