Hi Natrajh,

Thanks for your message.

Addressing your questions in turn:

1. VCs typically hold minority interests so need to use diplomacy rather than coersion to get the entrepreneurs and other managers to behave appropriately and maximise performance. Broadly speaking, VC and founders' interests tend to be aligned.

2. I am not aware of any PE owner that would have a majority stake and not be able to call the shots. If these cases exist, they are rare.

3. PE fund managers (i.e., LBO firms) tend to target an IRR while VCs focus on a money multiple. A target return only acts as a compass. A lot can happen between the time of investment and the exit stage.