More and more, vendors are being asked in RFPs the question, "is your company funded by a venture capital?". Today I saw this press release:

ARC Solutions Inc., a Washington, D.C.- based provider of association management software, has raised $2 million from Advantage Capital Partners and Enhanced Capital Partners.

How do you feel about the relationship between not-for-profit vendors and private equity firms? There are a host of publicly traded companies these days in this space, Kintera and Blackbaud to name a few. Are there any feelings on these type of relationships and whether not it interferes with the interest of the community/client? Does anyone believe that this has any effect on an organization's decision to select their vendor?