When private equity firms take over companies, they are not in it for the long term. Typically, they will come in, replace the management team (with a team that they can control), cut costs, and make the company attractive for a future buyer or an IPO so that they get a positive return on their initial investment. There is very little focus on innovation, employee growth, etc. The focus will always be on controlling costs. Which, IMO, is not super fun :)
Mahesh, could you expand on 'Stay away from private equity-backed companies.'?
When private equity firms take over companies, they are not in it for the long term. Typically, they will come in, replace the management team (with a team that they can control), cut costs, and make the company attractive for a future buyer or an IPO so that they get a positive return on their initial investment. There is very little focus on innovation, employee growth, etc. The focus will always be on controlling costs. Which, IMO, is not super fun :)