Confused here. When I think of "private equity", what comes to mind, is that a professor at the local university wants to commercialize his research, taking it off-campus. He needs money. Along comes somebody who wants to diversify beyond public markets. Our hero then fronts a few $M, "leading a funding round" (in this case, seedling) to get the company started. In exchange, he or she gets a seat on the board, and maybe even gets a C-suite position. There are no "funds"... no Blackrocks or Blackstones. What am I missing?
Statistics: Posted by unwitting_gulag — Fri Feb 23, 2024 6:38 pm