Yup.
In plain language, folks: A leveraged buyout is when you borrow money to buy a company, buy the company, then put that debt on the newly-purchased company's books. If/When your newly-bought company fails, it takes your debt with it, and you get to walk away. This is what did in Toys 'R' Us.
Leveraged buyout is some class A rich people bullshit.
"I'd like to buy this company"
"How are you going to pay for it?"
"WIth the company I want to buy"
"Fine"
What the gibbering fuck is that all about?
So much venture capital behavior is about trying to take what they can and then get out before the ship sinks. Except the ship isn’t a company anymore, or even an industry. They treat the world like it’s about to burn down, and when it does, they’ll be—I don’t know where. Mars? Muskville, Mars?
