Implications of Tidal Partners on CVP SF and NYC?

Very familiar with CVP PA, and I'd say that while Tidal Partners has put a dent on CVP PA it's not terrible. The biggest lost for CVP PA is the very talented mid-level employees that were enticed to Tidal Partners, as the ones who left were truly great at their jobs and  it'll take some time to replace them. Quite a few juniors left as well, but they're a lot more replaceable in the short-medium term. What's most important is the seniors, and CVP PA has managed to keep the seniors I think CVP wanted to keep. It should be noted that the writing's been on the wall that CVP wasn't completely satisfied with Handler's leadership and the old PA team, which is why CVP poached the BofA team led by MacDonald last year, and MacDonald's been slowly pushing out Handler & co. While Handler and his old team was great, they were pretty reliant on a handful of key core clients for transactional and retainer ("strategic advisory") work, and with bringing in MacDonald & Co CVP wanted to make a transition towards a lot more M&A transactional work with a larger universe of companies. Overall, with the formation of Tidal CVP without a doubt lost some momentum in the short-term (most notably probably Cisco and any future work from them as Handler caries the Cisco relationship), but CVP's definitely planned for Handler's eventual exit with the hiring of MacDonald if it wasn't them actively pushing out Handler, and medium-to-long term the PA office will do fine, and probably transition towards a lot more transactional work (and probably more pitch-work for the juniors).