In Reply to: B&W Sells Out to a Tiny Silicon Valley Startup posted by bquisp on May 3, 2016 at 09:43:18:
I don't understand how these venture capitalists work. Is this the way Bain Capital gutted so many companies?
Will Bowers and Wilkins end up just a brand name whose logo is stuck on products that bear no relation to the companies previous history?
I seem to recall the same fate for the UK's Rogers Audio. Bought out by Chinese investors. UK-based operations closed. Rogers-UK employees laid off. Brand name stuck on vacuum cleaners (and other tacky non-audio electronics) for sale in the far east.....
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Follow Ups
- Venture capitalism? - layman 05:17:48 05/04/16 (0)