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Your statement is both true and not at all relevant to the parent comment.

People love to hate private equity

Somewhere between $1m and $102b you become the enemy

Yes, sure. It's still not relevant to what the parent comment said.

Addl. Context: Matt Mullenweg was invested in WP Engine before Silver Lake bought him out.

Automattic is owned by a group of private investors worth trillions of dollars.

The "private equity" angle is a rhetorically meaningless point made by an out-of-touch bully trying to put a moralistic spin on his own greed.