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> Any time someone tries to convince you to not consult your advisors, run away immediately. In most cases, you're absolutely right. With investment bankers, c
by drusenko 16y ago
> Any time someone tries to convince you to not consult your advisors, run away immediately.
In most cases, you're absolutely right. With investment bankers, completely different.
Investment bankers will turn this into a process, try to pick up multiple bidders, and add to the complexity of trying to get the deal done. In general, bankers (not lawyers!) can be harmful to a deal.
They could be telling him that they're in for a simple deal, but if it gets complicated, that's not worth it to them.
- founder001 16y agoI think this is dead on.