Operator says PE is overpaying ~6x for poor companies, making them easy to compete against

An operator notes that private-equity buyers are paying roughly six times for weak companies he bid much lower on, and that he recently poached five techs from a PE-acquired competitor.

“Like there are dog shit companies that I've bid on that are going for like six times. Yep. And I'm like, you you should have gone for a two. And like best, like I'm really grateful that I get to compete against the PE that bought them. Cause like, I know it's going to be easy. Yeah. It is currently easy. It's great. We just got like five guys from them.”

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