High finance in the Northwest
Is there a lot or any IB, PE, or VC activity in cities like Denver or Seattle?
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Well, in terms of IB & PE, Seattle is low. It's a tech city because after all, it's surrounded by the HQ's of major companies, Microsoft, Starbucks, and etc.
BUT, they do have rising VC activity with incubators and such popping up here and there. Typically when people want to do banking anywhere else besides the East Coast, they go to Dallas or California. (excluding your occasional international)
Dallas? You probably mean Houston. Also iirc most BBs have a Chicago office too.
Hahaha, yes, that's what I meant. My bad.
I would sure hope so
Denver is one of the best cities for start ups, especially in the tech sector. There is a good amount of VC here too, the high amount of startups and VC comes from Denver's high quality of life and relatively cheap cost of living. I wouldn't however consider Denver the "Northwest" haha just had to throw that in there
From what I hear from my contacts in Seattle here is the full list -
IB: Cascadia (hear bad things), i think piper jaffray has an office there but not sure if its mostly public finance, duff and phelps has an office but mostly valuations, then very small guys like zachery scott who sell used car dealerships
PE: Vulcan Capital (paul allens billions), Endeavour Capital ($700MM fund from 2011), Evergreen (hear they are struggling), Blue Point (regional office)
VC: Has shrunk a lot in the last decade, used to be much larger with many surviving GPs now raising smaller funds - Madrona (just raised $300mm fund, only one doing well), Ignition (just laid off a bunch of partners), Voyager (struggling)
There are a lot of interesting corp dev roles though with MSFT, amazon, starbucks, coinstar / redbox, and many more middle market public cos with small corp dev groups that are moderately active in M&A
California and Chicago are the two big centers for IB besides NY.
Thanks for the responses guys!
Pacific Crest Securities in Portland
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