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His father is a VP at Morgan Stanley. Deal was done from day 1. Stop over analyzing, it's not a regular startup, it's not playing the same ballgame you or I p

by brador 14y ago

His father is a VP at Morgan Stanley. Deal was done from day 1. Stop over analyzing, it's not a regular startup, it's not playing the same ballgame you or I play. No value was required. The usualy rules do not apply. Daddy hooked his fish.

jiggy2011 14y ago
Smart rich people typically don't get rich by just giving away large piles of cash to the children of other smart rich people.
- brador 14y ago
  Public stock money isn't from smart rich people.
  - jiggy2011 14y ago
    You think it was just straight embezzlement?
joonix 14y ago
You didn't explain anything besides "his father is a VP at Morgan Stanley." The rest is just hyperbole and sensationalism. Explain how VP of Morgan Stanley => Yahoo buying startup for $30M. There are hundreds of VPs at Morgan Stanley.
TDL 14y ago
If you had said he was a MD at Morgan I would have raised an eyebrow, as is, VPs are a dime a dozen. Furthermore, it seems as though his father is on one of Morgan's commodity desks. If he is in fact a trader, this means he has no influence on the I banking side (where deals are done.) Edit: "his father works in commodities for Morgan Stanley..." http://www.telegraph.co.uk/technology/9885632/Nick-DAloisio-Britains-17-year-old-app-entrepreneur.html http://www.telegraph.co.uk/technology/9885632/Nick-DAloisio-... And now I'm going to do something actually productive.
omonra 14y ago
I was a VP at Morgan Stanley - it is simply a title that is bestowed on all more-or-less competent front-office employees who've been with the firm for about 5-6 years. Ie - there are thousands of them. Investment Banking hierarchy: Analyst - college graduate - 2 year program) Associate - MBA graduate or promoted Analyst - lasts 2-3 years VP - promoted associate (minium 5 year experience in the industry) Director - promoted from VP (after a few years) Managing Director - promoted from Director. These are the real rain-makers who earn a lot. Still - the firm promotes roughly 200-250 directors per year. Total number of MDs is probably a few thousand. So - saying that someone is a VP really means nothing.

by brador 14y ago

jiggy2011 14y ago

Smart rich people typically don't get rich by just giving away large piles of cash to the children of other smart rich people.

brador 14y ago
Public stock money isn't from smart rich people.
- jiggy2011 14y ago
  You think it was just straight embezzlement?

joonix 14y ago

You didn't explain anything besides "his father is a VP at Morgan Stanley." The rest is just hyperbole and sensationalism. Explain how VP of Morgan Stanley => Yahoo buying startup for $30M. There are hundreds of VPs at Morgan Stanley.

TDL 14y ago

If you had said he was a MD at Morgan I would have raised an eyebrow, as is, VPs are a dime a dozen. Furthermore, it seems as though his father is on one of Morgan's commodity desks. If he is in fact a trader, this means he has no influence on the I banking side (where deals are done.) Edit: "his father works in commodities for Morgan Stanley..." http://www.telegraph.co.uk/technology/9885632/Nick-DAloisio-Britains-17-year-old-app-entrepreneur.html http://www.telegraph.co.uk/technology/9885632/Nick-DAloisio-... And now I'm going to do something actually productive.

omonra 14y ago

I was a VP at Morgan Stanley - it is simply a title that is bestowed on all more-or-less competent front-office employees who've been with the firm for about 5-6 years. Ie - there are thousands of them. Investment Banking hierarchy: Analyst - college graduate - 2 year program) Associate - MBA graduate or promoted Analyst - lasts 2-3 years VP - promoted associate (minium 5 year experience in the industry) Director - promoted from VP (after a few years) Managing Director - promoted from Director. These are the real rain-makers who earn a lot. Still - the firm promotes roughly 200-250 directors per year. Total number of MDs is probably a few thousand. So - saying that someone is a VP really means nothing.