how would a bank evaluate the risk -- do they generally have an internal team or farm it out to a consultancy? they don't have the history or contacts like VC or google's invesment funds.
meanwhile, they are playing footsie with saudia arabia again:
https://www.youtube.com/watch?v=iDv2E22Mz0s&feature=youtu.be...
The big banks like this have their hands in everything and connections all over the place. They have their own VC funds, they have investment bankers who specialize in different areas of tech, and they often have their own tech bus dev people in Silicon Valley who are deeply networked with both company founders and VC firms. For a lot of startups, being able to put the JP Morgan/Chase logo on your website as a customer is huge. The founders and VCs know this.
> The big banks like this have their hands in everything and connections all over the place. They have their own VC funds, they have investment bankers who specialize in different areas of tech, and they often have their own tech bus dev people in Silicon Valley who are deeply networked with both company founders and VC firms. For a lot of startups, being able to put the JP Morgan/Chase logo on your website as a customer is huge. The founders and VCs know this.
And it was those very people that were selling their round A. Very competent people they were... :)
pottertheotter|6 years ago
baybal2|6 years ago
And it was those very people that were selling their round A. Very competent people they were... :)