Is Tidal the new Qatalyst?
Just saw Tidal closed the deal with ServiceNow. Crazy considering that they’ve only been around for a few months. Would be interesting to see how things progress.
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No. They have a good pool of talent from the juniors they brought over from Centerview but have yet to really establish themselves.
Qatalyst is qatalyst.
Tidal is the ~new fancy tech bank~ and could be the ~next qatalyst~ but we just have to give it time. Who knows how much business Handler is really going to pull over. Centerview also brought on the ex-BofA guys because they focused on traditional m&a vs strategic advisory which just happens to be more lucrative... Who knows how it will play out but excited to see where Tidal goes
Lol at the one tidal analyst that msed this after shotgunning the handler koolaid
Why is traditional m&a more lucrative than strategic advisory?
Traditional M&A is fee based, so if you close a deal worth xbn you will get y% * xbn
Strategic advisory is retainer based, which means that you will get x amount per month (and are not guaranteed to take part in M&A deals, which is where the money is)
Congrats on the Tidal Offer.
They just started less than a year ago chill the fuck out lol
I think they've got 2 deals done since their inception lol
money
Agree that comparing them against Q is pretty stupid. It takes years of continued outstanding success and execution for anyone to reach where Q is and Tidal is not even a year old
Also new platforms take time to ramp up so any commentary right now would be too early
money
Congrats on Q
There’s no debating that. It has 50 bankers. The only comparable is Allen & Co
aren't you forgetting the context of the huge slowdown in tech deals? what has anyone else done in the same time period? how much are the fees on those two deals? what are their expenses as a firm? seems like they are way ahead of the curve...
money
For sure the new Qatalyst. Just went through 2024 summer recruiting and their process was incredibly rigorous, they clearly have a world-class team. Join while you can, if you're even competent enough; super excited to see where the next few years takes them.
Can you elaborate on their process? Did they make you to tests or case studies?
As a side note frank is a mf legend he was making 120m a year at Credit Suisse. He was making so much money that when John Mack became CEO of CSFB frank's pay was material to annual filings.
https://www.wsj.com/articles/SB114288329963803188?mod=home_whats_news_us
Pretty sure associates are Tidal aren’t pulling in 7 figures, but would love any color on the comp there compared to Q
associates at qatalyst are pulling in 7 figures?
Can this discussion at least wait till after Tidal gets their website set up?
their emails bounce when sent from my school email account LOL, q > tidal
I heard this Software firm Madison Park Group is up-and-coming as the new Qatalyst. But maybe Tidal and them will have a clash to see who takes supremacy
hahaha
I prefer Spotify tbh
Inb4 somebody buys Tidal Partners as a personal favor on their shareholders’ dime
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