Needham and Co in 2020?

Anyone know anything about needham and co in 2020? Tried looking it up but the threads are really old. Would appreciate any info on culture, focus, exit ops, salary, or SF office in particular.

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Seen their name recently on cap markets work (follow-ons and IPOs) but as a manager rather than a bookrunner on everything. I'm also not a fan of their ER at all but maybe that's me

 

Apparently Needham & Co has its fair share of criticism and is on a decline... at least from reviews I’ve read online. I received a 1st and 2nd round interview with them (1st w/ associate, 2nd w/ 2 analysts) and during my 2nd, the 2 analysts told me my technicals were perfect and my answers were really thoughtful. You could tell I was really surprised when I received an email that I wasn’t moving forward in the process lmao I then asked a friend who interned there last summer about the process, and he mentioned that he had connections, so he skipped the superday altogether and got the offer. Ridiculous if you ask me. I don’t come from a family of finance gurus, so I don’t have similar connections as others.

Getting rejected was probs the best thing tho bc now I have mutliple 1st rounds at better banks/firms. Fuck cheating the system lol

 
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Recently interviewed with the SF office and met pretty much the entire SF team. It's a stable middle market shop focused on the traditional technology verticals SF IB offices typically cover with a bias towards hardware.  Many senior bankers started their careers in the industries that they cover, so technical industry expertise is a differentiator, especially in hardware.  Strong deal flow on IPOs, Follow-Ons, Private Placements as co-manager; M&A deal flow is reasonable.  Has one MD in SF dedicated to China and one MD in NYC dedicated to Israel.

Firm has not really changed in the past 20+ years; but prides itself on being "investment banking led".  Retention rates are extraordinarily high, so many senior bankers and executives started as analysts/associates. Interviews place strong emphasis on social/cultural fit, as they encourage/expect their junior bankers to stay for the long haul.  Seems like a solid firm for aspiring career investment bankers who are interested in technology, are entrepreneurial, and prioritize stability over prestige.  Probably not a great fit for IB analysts seeking to jump straight to the buy-side after 2-3 years.

 

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