Private Equity 24 Hours

Last updated: June 6, 2026, 5:30 PM ET

Private‑Equity Movements

Reid Hoffman stepped down from Microsoft’s board to dedicate himself to his AI‑driven drug‑discovery venture Manus, ending a decade that yielded substantial board dividends. Meanwhile, a viral X thread has exposed VC horror stories, prompting several founders to name names and spotlight systemic missteps in deal structuring. The revelations arrive as private‑equity firms reassess due‑diligence protocols amid a tightening capital environment, while founders seek greater transparency to protect future funding rounds.