New Boutique Investment Banks Showing Up In The Valley

from the hunting-for-business... dept

As each of the famed “boutique” investment bank shops in San Francisco got snapped up by larger players, newer, smaller investment bank “startups” are opening up each day. Many are being started by former bankers who thinks there’s a market for more focused investment banks to work with smaller high tech startups. Of course, that assumes there’s some investment banking worth doing at any level… and there’s not much to do. So the banks that would normally hope to make money off of IPOs are, instead, trying to help “institutionalize” private placement deals. It’s not really clear that private placement deals get any benefits from institutionalizing – and, in fact, I’d say there’s a significant downside, since someone has to pay the investment banker. Not really sure how far this will go.

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