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Career Resources
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don't forget..don't pitch the bitch...you can always go back to your underground blackjack tables if this doesn't work out
Actually that platform does have some credibility - I see potential
It does. Thank you.
this isnt really an investment bank
its a white label service that allows bankers to basically set up their own shops and piggy back off their regulatory / back end infrastructure
not sure this is really what I would be looking for in an internship
Why aren't we an investment bank? We have closed many deals in the middle market space with institutional investors? Just curious how you define an investment bank.
You seem to be an investment bank in only the loosest sense of the word. Basically you are just a network of independent IB advisers. They utilize your shared services capabilities (primarily, I assume, you're stature as a registered B-D) in exchange for what some sort of fixed cost and/or revenue sharing agreement. The benefits to the independent adviser - they can park their licenses and make solicitations without registering as their own b-d.
I think this is perfectly legitimate business model and serves a need with very small (1-5 people) advisory shops. I don't think it is accurate to call yourself an investment bank, though.
You really need to learn how to use the internet. I'm glad you seem to have finally googled yourself/your firm, and maybe now you will do a better job of protecting your online reputation.
Most of my interns have gone off to start great careers and almost all have told me that they felt that my internship has helped them obtain that position.
We are an investment bank that engages in middle market M&A and capital formation activities. We focus on the middle market and work exclusively with institutional investors. We have done many institutional transactions. It sounds like you understand the investment banking world and as you know all investment banks pay their bankers and the house gets paid too. Our requirements are the same too.
"You"/IIB don't engage in M&A and capital formation activities. Your clients, who use you as their back office, happen to be in the business of doing middle market banking. There's nothing wrong with the model, but IIB in and of itself is not an investment bank.
POWERFUL ECONOMICS
From his own linkedin post: http://www.linkedin.com/groups/Looking-connect-intermediaries-please-se…
Dante Fichera • Hi Justin. I own a broker-dealer dedicated to supporting independent investment banking professionals engaged in merger and acquisition and capital formation activities. Our platform may also be a good solution for CPAs, valuation experts, and other professionals engaged in M&A, due diligence and/or intermediary advisory services that would like to learn more about becoming a registered investment banker.
Independent Investment Bankers Corp. supports bankers nationally with experience across all industries. We can work with registered investment bankers and sponsor those experienced non-registered individuals wishing to obtain their Series 79 licensing.
If you are interested in learning more email me at [email protected].
His linkedin: http://www.linkedin.com/profile/view?id=3127410&authType=name&authToken…
He works out: http://www.workout-x.com/public/members/IBARPtssxxo/Dante-Fichera
Has strong opinions posted on facebook and likes chuck norris: https://www.facebook.com/dante.fichera
Dante Fichera Excute them all and do that to all molestors in all religions. Studies have shown that the % of abuses as a % of the total base of the religion is the same in each religion. All christions factions, jewish, hindu, muslim etc... All the media seems to focus on Catholics and that is either because of the billions of followers so the total number is larger and hence the attention or it is a witch hunt. All religions have fuckhead so just get them out and ta
https://www.facebook.com/BreakingNews/posts/235120969871939
He reviewed his own book on amazon: http://www.amazon.com/Insiders-Guide-Venture-Capital-2002/dp/0761532390…
This review is from: Insider's Guide to Venture Capital, 2002 (Paperback) My name is Dante Fichera and I'm the author of this book. I'm not only going to write a review of my book but also write about the history of why I committed four years of my life to this project.
Four years ago while I was working in public accounting as an auditor (mostly auditing VC funds), I frequently met entrepreneurs that did not know how or where to find venture capital. Since I knew who all the VCs in town were, I began compiling their profiles and contact information. I then prepared hundreds of 20-page pamphlets that were stapled together and handed them out at a local networking event in San Diego.
Within an hour all the pamphlets had been snatched up. Months later, I would see entrepreneurs walking around at various networking events with these same pamphlets, clinging on to each falling page.
That is when I set out to compile the most useful resource tool available to entrepreneurs anywhere. I not only compiled over 400 profiles of funds actively seeking investment opportunities, but I also recruited over 20 nationally recognized venture capitalist and business leaders to write essays providing insight for entrepreneurs.
No other book combines the industry knowledge with the most current contact information for prospecting venture capital.
Interesting recap of who I am.
@WalMartShopper - hahahahahahaha you killed me with that... "He works out" "he has strong opinions on facebook and likes Chuck Norris" .... Gold.
Chuck Norris Rocks!
SB to WalMart for the laughs.
hmmm strange, not sure never heard of them
We have over 30 bankers nationally.
Was there something wrong with the quick reply? I try to get back as quickly as I can to most of my applicants.
I don't understand why you posted this versus just giving me a call. You did contact me and I did replied to your email. Don't know what the issue is.
birdec, obviously...
Dante's Inferno over here. Little late eh buddy?
Yeah. I just noticed this. To bad that guy just didn't call me. I don't get it.
You acknowledged that this is a dated thread, yet continue to make remarks about people's comments from nearly two years ago.
I just saw the thread as it came up in the results under my company name. Why don't people have their names posted or why can't I email people? I don't even know if this person that posted this blog really contacted me because they don't post their name.
It's an anonymous forum. People can obviously be more candid about things when they can remain unidentified, and therefore typically receive/spread more honest opinions than if they weren't.
Or spread lies and be dishonest which is the case here.
Nobody has made false statements, since it was in the form of a question. Maybe things are insinuated, however that is the use of this board, to receive unfiltered feedback and opinions.
Haha, nice little scene going on in here...CEO getting disparaged, steps in with real photo wearing red t-shirt and beard, posts a couple dozen times, gets monkey poo thrown at him, etc.
Perhaps just a great troll? DickFuld 2.0 beta
Could be one of those real life trolls...although of an odd sort, taking it to the next level of trolldom
I'm running out of bananas...
lol this has been quite the back and forth.
.
who does the number crunching/legal work, is it all outsourced?
I had the pleasure of working for IIB this Summer, Dante works with a team of unpaid interns that do the due diligence and other tasks. There's no modeling or valuation, that's done by the investment bankers themselves.
Honestly, I enjoyed my limited time there even though we were working out of his home, he was in transition from his office on Lake Travis to one close DT. It's a good internship for freshman/sophomores who need some experience in finance, I was able to leverage my time there to become a fall analyst at an O&G company.
Btw Dante I would have the kept the office on LT it was legit.
Over the past 10 years and hundreds of interns I have worked with most have been Juniors or Seniors. They will get the most out of the internship because they are more mature and have some upper division business classes.
I'm have an accounting background from my days in the Big 6 where I audited broker dealers, hedge funds, venture funds and other real estate investment partnership. So the number crunching is easy and as I grow I'll hire someone to do that for me. The legal work is outsourced to independent counsel. I have a number of attorneys that can help me depending on the type of service I need. As I grow I'll also hire a CCO with legal background. As far as the office space I would have stayed in that cool space but they started giving me grief about riding my bicycle to work and storing it in my office. So in 2013 I keep a small office space on Lake Travis and I also have my home office setup. I'll be looking for more expensive office space soon but I need to make sure the new landlord will let me bring my bicycle into my office.
So compliance, legal work, accounting etc. are all done by kids or the bankers themselves? As a b/d, who is the OSJ?
No accounting or legal work was done by the interns. We did basic due diligence (background checks, FINRA lookup etc..) and QA that we had all the docs we needed on the deal. We didn't have much deal-flow apart one or two bankers that were crushing it most others were parking their licenses or needed sponsorship to take their licenses. It's understandable since IIB hasn't been around for longer than 3 years the exact business model hasn't been hammered out yet and Dante's still learning a lot about how to manage his bankers.
The learning will never end as life is a continual journey of gaining knowledge.
We have four registered principals and interns support me in the day to day. I'm going to be hiring a full time person in 2014. Again most of my interns have gone off to start great careers and many are still most still keep in touch with me which I can say most mentors don't do. We retain outside counsel and have independent third party auditors. I'm also a CPA by background so the day to day accounting is easy for me. As we grow we will obviously hire more people.
Our supervisors are not producers unlike in many investment banks. I believe there is a conflict.
No. I think this question was asked twice but we have registered principals the help with supervision and outside compliance consultants. We have a number of outside legal counsel. The accounting is easy as I have a background in accounting. Eventually all outsourced functions will be brought inhouse except for independent audits which we are required to have. Interns primarily help me with background checks on clients that we will be working with and potential bankers. I believe it is important to know who you will be doing business with. So background checks include google, OFAC, FINCEN, third party, other checks. So we do a fair amount of that. Interns have helped me with market research on companies that we are working with. I have them write a blog on a topic they are interested in. I have had them attend business meetings with me. We have a lot of deals we are working on but the interns typically get involved as we get closer to a close so they don't see the entire portfolio. When we get close to a close I have them compare the due diligence checklist to the corresponding supporting documentation and double check the referencing. I highly recommend they study the materials and ask questions. I review everything as does my banker. Obviously we are institutional shop so the files are beat up by the private equity group and the issuer. I try the best I can to create a nurturing environment where they will pick up some basic skills and have a stepping stone on their professional career path. Since most interns don't have a lot of time to invest there really is not much I can give them in the short time they are with me. They typically work about one or two part time days per week and about 120 total hours over a 3 or 4 month period. I started working with interns while I was a Merrill Lynch and I really enjoyed meeting new people and the educational aspect of the interaction so I have been keeping it going since 1999. In most cases I'm giving more than I'm got in return. Nevertheless, there have been some stellar interns that I have worked with over the years. I have worked with interns from all over the world from Countries like Germany, France, China, Italy, Japan, UK, Switzerland, Russia, and almost all the top US Universities.
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