The main reasons for an investment bank not to take on a VC deal

What are the reasons for an investment bank not to take on a client's deal - related to 1) the unattractiveness of the startup for funds (e.g. bad economy), and 2) the unattractiveness of the startup for the investm. bank (e.g mandates of other banks)? What list would you make?

 

Fees aren't sufficient enough, probability of closing is low, deal outside a certain area of expertise, etc 

 

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