� Corrupt CFOs Thrive in Small Town America | Main | Secretaries Live in Word, Lawyers Live in Outlook �
May 8, 2004
Google's IPO and The Law of Unintended Consequences
OK, so this really doesn't have anything to do with the economics or management of law firms.
Still, Barron's has a wonderfully contrarian editorial about the pending Google IPO, pointing out among other things that under the Corrupt Bad Old Frank Quattrone System of IPO allocations, shares tended to end up in the hands of the most wildly exuberant speculative bulls. Whereas, under the Transparent Hygienic New Dutch Auction System of Google's IPO, shares will tend to end up in the hands of the most wildly exuberant speculative bulls.
Could this be the end of Silicon Valley as we know it? Or only the end of mutually parasitic (ooops—we meant to say "symbiotic") dance between the VC's and the investment banks? Or are those the same thing?
Published by Bruce at May 8, 2004 3:15 PM | TrackBackPublished to Finance | Just Plain Interesting
Post a comment
Thanks for signing in, . Now you can comment. (sign out)
(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)
"Adam Smith, Esq. is, and will remain, the definitive
voice on law firm strategy."
—David
Jabbari, Global Head of Know-How, Allen & Overy
"I just don't know what the profession would do without you."
—Chairman, AmLaw 25 firm
“Constantly stunning.’—Managing Partner
"I read three things: The Wall Street Journal, The Economist,
and Adam Smith, Esq.—and I tell my partners to do the same."
—Managing Partner, AmLaw 50 firm
“You have a fascinating niche which you cover ever so much better than
does the conventional legal press.”
—Walter Olson of Overlawyered
“Required reading: Amazing.”—Venture Capitalist
"You're the brand name in law firm economics. There is no one out
there—repeat, no one—who covers this business better, or thinks about
it more creatively, than you. I tell people this guy is really, really good."
—Chair/Managing Partner, AmLaw 50 firm
Business Pundit
CorporateCounsel.Net Blog
Conglomerate
BusFilm by Larry Ribstein
Business Pundit
Carnival of the Capitalists
Chicago Boyz
Ensight
Marginal Revolution
Ronald Coase Institute
Stephen Bainbridge
"Adam Smith, Esq.,"® an inquiry into the economics of law firms, and the maroon banner, are a federally registered trademark belonging to Adam Smith, Esq., LLC, which is partially owned and controlled by Bruce MacEwen.
This weblog is licensed under a Creative Commons License.
