Valleywag
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Posts Tagged “
frank quattrone
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hires
venture capital
With big banks tottering, VCs may find all their exits blocked
Bear Stearns' epic fail will make M&A financing hard to come by. IPOs seem to have gone the way of Kozmo.com. That leaves exactly zero practical exit strategies for VCs. I came away with that insight after swimming through the flood of water metaphors in Tom Abate's economic pulse-taker in the Chronicle. More »
comebacks
Frank Quattrone's rebound relationships
Having cleared his name of obstruction-of-justice charges, former Credit Suisse tech investment banker Frank Quattrone is launching his own boutique firm, Qatalyst Partners. Several big Valley names volunteered quotes for the press release. It's not surprising that Google CEO Eric Schmidt, who's made his own moral missteps, would be forgiving of Quattrone. But Gideon Yu, Facebook's CFO, makes a more curious appearance. He gave a statement applauding Quattrone's partner Jonathan Turner, not Quattrone himself. But still, it amounts to an endorsement. Does Yu really think Quattrone did nothing wrong? Or, as a minister's son, is he just expressing the highest form of the Valley's belief in the power of redemption?
"My experience with the justice system opened my eyes to the horrific plight of wrongfully convicted prisoners, most of whom don't have the resources to regain their freedom by proving their innocence." — Frank Quattrone, former Credit Suisse First Boston investment banker, in a statement released after federal charges for obstruction of justice were dropped. [San Jose Mercury News]
frank quattrone
Rehabilitation through philanthropy
TIM FAULKNER — Frank Quattrone continues to rehab the perception that he is the poster child for corruption in the late-90s tech boom by following the path of his late-80s counterpart Michael Milken, the Drexel junk bond king: remaking himself as a philanthropist. The former Credit Suisse First Boston investment banker, who helped bring Netscape, Cisco, Amazon, and many other notable tech companies public, has been named Chairman of the Board of the San Jose Tech Museum of Innovation, a charity close to his heart and his wallet. More »
friends of frank
Frank Quattrone prepares for re-entry
Feel the love for onetime Valley investment mandarin Smilin' Frank Quattrone, as the San Jose Mercury News extracts numerous complimentary quotes from those eager to make a buck with the man and/or terrified of his potential return. With his many pals paving the way for an easy comeback, Quattrone is rumored to be planning a combination investment bank and private equity fund that may raise something like $3 to $5 billion. Somewhere in the gleeful chittering, you can almost hear that new bubble inflating.
crime
