How is Tidal Doing?
They obviously landed a huge deal in '23 (Cisco/Splunk) and since then I saw them on a couple of 1bn+ deals, but curious to hear more about analysts' dealflow experience, exits, comp etc
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Comp is top of street from what I heard (130-140k?), recent exits included a couple of Advent Tech buyout (West Coast), TPG Growth, ICONIQ. Keep in mind that they've had only a handful exits so far so not sure what you can make out of it but I think tech buyout / growth equity exits, even at MFs, are feasible
how about dealflow?
Every single one of those exits are people that were part of the founding class which were previously at Moelis and centerview - smth to account for imo
Also culture of super long hours
Some were also at UBS or Barclays - Point is that the Tidal name won't hold you back from getting good buyisde exits
Heard not so great things.
They lured bunch of college kids promising CVP level comp, support for recruiting, good culture etc.
Heard bonus was somewhat disappointing, (~70k - not bad, but clearly not up to how much they made it sound like they’ll pay). Base I know of is 130k and signing was 35k.
Very, very long hours (all nighter equivalent once every week and midnight - 2am rest of week maybe except Friday. Plus, Sunday is a full workday).
They were like “unlike CVP, our seniors will go bat on your buyside recruiting if that’s what you want”, then basically shut them down for first on-cycle, and wasn’t super supportive.
I heard first analyst class’s exit was good to top tech focused PE/GE but don’t know further details.
Actually heard that they can be supportive of buyside recruiting. It's not CVP bad in terms of senior support but not as good as the support you might get at other EBs like MOE
Ofc hours are gonna be longer. It's a new shop that wants to aggressively get on mandates. What did you expect 10hr workdays lol?
For what it's worth, heard culture is collaborative albeit involves long hours but it's def not toxic if that makes sense.
First analyst class exit was good but take into account they all summered/were full time somewhere else previously
Anyone knows if they are expanding or hiring lateral analysts?
bump
toxic leadership creates toxic culture - handler is known to leave jobs in a messy fashion (ubs, bear stearns, cvp). im sure he's a good banker, but doesn't mean he's a good person or is capable of creating a firm / group with good culture. just based on whats being said on this thread, handler seems like a pretty meh person, esp to work under.
The Armis deal was pretty nice, they seem to be ServiceNow's bank too now
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