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A comment on Instant Brands, maker of Instant Pot and Pyrex cookware, files for bankruptcy. Parent comment

Re:Instant Brands, maker of Instant Pot and Pyrex cookware, ... by lmm on Tuesday June 13, 2023 @05:23PM (#36317596)
PE is the Ticketmaster of finance. They charge a bunch of fees, take a bunch of money, take all of the heat, and quietly funnel the money back to the founder/early investors/etc. who sold out but don't want you to know.
[ Parent | on HN ]
Re:Instant Brands, maker of Instant Pot and Pyrex cookware, ... by gruez on Tuesday June 13, 2023 @06:59PM (#36318824)
>and quietly funnel the money back to the founder/early investors/etc. who sold out but don't want you to know.

I don't understand this attitude. If you're in the arts I can understand why you don't want to be a "sellout", but founders/investors? Isn't the point literally to sell out?

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Re:Instant Brands, maker of Instant Pot and Pyrex cookware, ... by drewm1980 on Wednesday June 14, 2023 @12:46AM (#36321560)
Some founders are legitimately in it for the long haul and treat working for the company they founded as their career. I don't know how common they are, but I was lucky to work for one for about a decade.
[ Parent | on HN ]
Re:Instant Brands, maker of Instant Pot and Pyrex cookware, ... by jhugo on Tuesday June 13, 2023 @10:10PM (#36320533)
“Quietly funnel the money back”?

Ticketmaster makes no secret of being a for-profit enterprise…

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Re:Instant Brands, maker of Instant Pot and Pyrex cookware, ... by lmm on Wednesday June 14, 2023 @06:45PM (#36333879)
The fact that they own and operate a lot of sites that present themselves as part of the secondary market, and sell first-release tickets there, is not widely publicised; nor is the fact that many of the bullshit fees they attach to ticket sales are actually at the artist's request and paid to them.
[ Parent | on HN ]