Private Equity is much different than Venture Capitalists.

This is a great article in Rollingstone with great research that give the details about Bain Capital and its business deals. It explains the difference between venture capitalist, that Bain did in the early stages and the few companies that did well like Staples. As this article states, Bain did not manage these companies and only had minority investment in them.

However, the companies they leveraged purchased as a Private Equity transaction, they also managed them, the sold them before the leveraged debt came due and ultimately most all failed into bankruptcy.

Rollingstone Mag Article about Bain Capital and Mitt Romney

This is not the type of Business Knowledge we need to recover from the destroyed economy that Wall Street created and his type of business contributed to. He was not a job creator. That is not the goal of Private Equity companies. Their sole purpose is to maximize return on investment, not create jobs