Pops - I certainly hope it turns into a good thing.
I have such respect for the Thiel brand that I am probably a little overly concerned. Private equity groups are there to make money, but perhaps some growth and efficiencies can be gained without negatively impacting their hard earned reputation as an engineering-first company.
It is odd to me that there was no identification of the private equity group in the press release - standard procedure would be to get their name out. Most PEGs have a 3 to 5 year investment horizon. I would take an educated guess that we will see little change in the next 3 months, but should have a clearer idea of their strategic direction within the next 6 to 9 months...
Fingers crossed. In the meantime, any Thiel fans have their eye on any up and coming speaker designers?
I have such respect for the Thiel brand that I am probably a little overly concerned. Private equity groups are there to make money, but perhaps some growth and efficiencies can be gained without negatively impacting their hard earned reputation as an engineering-first company.
It is odd to me that there was no identification of the private equity group in the press release - standard procedure would be to get their name out. Most PEGs have a 3 to 5 year investment horizon. I would take an educated guess that we will see little change in the next 3 months, but should have a clearer idea of their strategic direction within the next 6 to 9 months...
Fingers crossed. In the meantime, any Thiel fans have their eye on any up and coming speaker designers?