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Posts Tagged “

Qatalyst

hires

Frank Quattrone advises Google's Eric Schmidt on how to do absolutely nothing

Google's best hope in the Yahoo takeover battle is to have nothing happen. A Yahoo, weak but independent, providing just enough competition to keep antitrust cops off Google's back, is the best outcome. To assure that, CEO Eric Schmidt has turned to the unlikeliest of layabouts: investment banker Frank Quattrone, who's trying to make a comeback after having an obstruction-of-justice conviction overturned. How frustrating for the hard-charging Quattrone: In this assignment, he'll only succeed by assuring that a deal doesn't come to fruition.

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?