For the parks owned by out of town PE groups it can be tough just to get them to answer the phone but most local owners are more than happy to visit and share information. 

I do very basic outreach and acquisition work for an end user that likes to buy their own dirt, build the building, put their operation inside, then sell the building off to PE as a way of recouping capital. 

Since PE took over Evernote, I feel like things have been going south and now the functionality is extremely limited without paid tiers.

Or better yet a 300+ PE..... 

Now we have these wild valuations for these companies that are completely untethered from reality and eventually they will need to find a way to earn a profit or justify their extreme P/E ratios to continue raising capital.

P/E ratios are not obtainable.  

A valid argument is also that most of the mag7 are profitable (unlike most of the dot-coms) But they can't earn their way out of these PE ratios. 

Since the PE (DLP Capital) wasn't getting their preferred return they executed the clause and bought out 6.8M in LP equity for $400k. 

So what triggered this thought in me is that I really think the stock market is overvalued* Cyclically adjusted PE ratio (valuations) are 2nd highest historically, #1 was the dot com bust.

PE often wants scale, track record, and systems; many first deals pencil faster with private lenders or JV partners you already know.