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Curated tech posts from X on AI, startups, and product development—signal without the doomscroll, updated on weekdays.
Press Space to continue
Press Space to continue
.@carrynointerest explains the looming crisis for software private equity: “It all comes down to the fact that they were borrowing against ARR and not EBITDA. There’s very little profit to borrow against with a high-growth enterprise software company. And so what do you do? You need to juice your IRR somehow, so you need to borrow." "So you’ll go to a bunch of private credit funds and say, ‘Look, I’ve never lost money on a deal. You can’t lose with me. Just let me borrow against the ARR, and…