Goldman tech in NYC?

How is Goldman's tech group in NYC? From what I understand, most of the tech team is in SF. Does one group have better deal flow/exit opps than the other?

 
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user_:
GS TMT used to be the best group followed by FIG in terms of PE(megafunds)placement, or is it just the SF office that TMT is strong?

Buddy, you're really out of the loop. For some reason a lot of people are unaware that Fabrice Tourre, or Fabulous Fab, was not only at VP in Trading, but also group head in the IBD Technology group (he graduate from Stanford; dah). After all the shit went down with the SEC, the group pretty much collapse due to a lack of leadership (and a lack of croissants and cigarettes).

My roommate use to be a 2nd year analyst there and he pretty much told me that the deal pipeline was pretty much non-existence. After Lloyd, who personally makes sure that his most prestigious IBD group is putting in enough hours, saw that they were missing meals on Seamless he obviously got really concerned. When he went down to check on them there was nobody dear! He proceeded to fire all of them into the street, never to do God's work again.

Seeing as how the group had provoked Lloyd's wrath, pretty much all of the megafunds were scared to hire anybody. My roommate truly went through some harsh months after that...

Thankfully he hard back from one of his top exit opps last night! Next Spring he'll be and entry-level math teacher at Walt Whitman High School.

 

To the original poster - pretty much the entire tech banking sector sits out in the SF bay area. BX tech M&A has a presence in boston, there are a handful of tech bankers in NY for all the major bbs, but for the most part, it's SF. And all the big tech players out here (GS, BAML, JPM, MS, CS) have a full-service capabilities out here so everything is executed out this way. makes a lot of sense, too, with all the companies out this way: yahoo, google, fb, oracle, twitter, all the other startups wanting to be bought by those companies. makes a lot more sense than flying bankers across the country everytime something needs to get done.

 

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