Somewhat off-topic: When writing like this, explain your abbreviations and who the various people and companies are. PE Target? Price to Earnings Target, that makes no sense. Perhaps Physical Education, no, that's not right either. 10-K (might bold to assume that the reader knows what that is). Even smb (which should be SMB, even if it doesn't help) is probably not Small Message Block.
Think what you will of their writing and opinions, but one thing The Economist get right is that they don't assume you know what things are, it's spelled out at the first mention. So first mention of PE would be: private equity (PE).
Or
> And Sequoia’s (a venture capital firm) investment in Dropbox was a great one, second to Airbnb in Fund 12 (another venture capital firm).