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It may seem glib, but if there are good ones out there, they're not typically "private-equity backed portfolio SaaS companies". IME (3 times now) this is where good companies go to die. I'll reluctantly take the naked (but aligned) greed of the VC startup over PE from here on out; it's one thing to implode on the launch pad but I can't watch PE destroy real value any longer.

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I'm not commenting on the the particulars of different ownership and operational business models. Certainly private equity backed portfolio company structures deserve their fair share of criticism; the balance of incentives they create can certainly be net negative for the business and its customers in the long run, however I think it's a separate conversation.

My point is just that there are lots of people that wake up every day and make serious, sustained efforts to exercise due care in their professional duties.

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