@js_avvamericano@pmarca But a de facto and de jure restructure of the legal regime. Agree, it’s debatable, but it could be considered second American Revolution in spirit.
@endowment_eddie Deal-by-deal SPVs are all fun until you get hit with first dead deal expenses of $700k+ because Liberation Day pops up one week prior to close and Seller won’t accept retrade and you have to walk from the deal.
@TheIcahnist Ok but how do you get the money first to buy a company and make it a holdco? Probably by crushing it after raising and deploying a PE fund so now you’re just a family office after your big carry checks clear.
@BustedAuction Ideally, you have a junior guy you trust to do the bulk work with the model, PowerPoint, etc. But at the end of the day, the buck stops somewhere and everything needs to be right.