• 29 Jun 2011 at 3:48 PM

Morgan Stanley Practically Beating Silicon Valley Off With A Stick

By

Morgan Stanley, run by chief James Gorman, is rapidly becoming the go-to bank in the Valley, having landed the lead on a number of high-profile tech IPOs this year, including LinkedIn and Pandora. It has also signed on to head Groupon’s expected public debut. Goldman, headed by CEO Lloyd Blankfein, is also on Zynga’s underwriting team but will take a backseat to its longtime rival — a position with which the bank is becoming all too familiar. Goldman’s persuasive pitch for Zynga made for a close contest, and the company was almost swayed Goldman’s way, sources said. But Morgan Stanley has a better network in the Valley to woo the tech darlings coming of age, according to venture-capital insiders. [NYP]

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Comments (13)

  1. 1
    Posted by Guest | June 29, 2011 at 7:50 PM

    Why would they need a stick to beat off?

  2. 2
    Posted by Anonymous | June 29, 2011 at 7:57 PM

    He looks so Buscemi in that picture.

  3. 3
    Posted by Guy who has been away | June 29, 2011 at 7:57 PM

    Wow! I have been away for quite sometime! When was Steve Buscemi named CEO of Morgan Stanley?

  4. 4
    Posted by Wanna-be-Zuckerberg | June 29, 2011 at 7:58 PM

    Hell, Morgan Stanley just wired me 250k for my new Droid app.
     
    -Guy who holds signs on Wall-Street

  5. 5
    Posted by Ogre | June 29, 2011 at 8:08 PM

    NERDS!

  6. 6
    Posted by Quant For Hire | June 29, 2011 at 8:13 PM

    Because they are in a valley.

  7. 7
    Posted by Texashedge | June 29, 2011 at 8:17 PM

    Right after Tony Shalhoub retired

  8. 8
    Posted by 7uongo is the worst | June 29, 2011 at 8:18 PM

    Win in the valley, lose in the trading pits. Neutral outcome on their income?

  9. 9
    Posted by Brian1284 | June 29, 2011 at 8:21 PM

    A classic BSD sword fight in valley.

  10. 10
    Posted by Dickens Cyder | June 29, 2011 at 8:21 PM

    Beating off in Silicon Valley is the NKI.

  11. 11
    Posted by D_Einhorn | June 29, 2011 at 8:34 PM

    Hey, maybe its just a coincidence but the Mets just won 3 in a row too.  

  12. 12
    Posted by MSHR | June 29, 2011 at 9:29 PM

    Calls to Morgan Stanley’s Menlo Park offices were redirected to HR in New York who could only say “no comment on layoffs or anything”. 

  13. 13
    Posted by Guest | July 1, 2011 at 6:23 PM

    Now, i hope MS is also preparing to testify about its role in helping to create a new internet bubble…  Would not everyone want to know the recipe?

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