Erick Schonfeld

@danprimack bankers real clients are institutional investors and the wealthy. Hot IPOs are products they sell those clients.

RT @loyalelectron: Just wrapped @TechCrunchTV interview w/ @davidkirkpatric on NASDAQ floor re: $FB IPO (of course!) Posting soon!

@PaulSloan @mathewi Doubtful. Let's say his valuation for tax purposes is $15 to $20/share Vs. a $34-$38 IPO price, not counting any pop,

@mathewi No, it's not bogus. He is paying an exit tax on what is presumably a lower valuation than if he stayed and sold post-IPO

@petermessana it does for him, reason he is selling shares at IPO, to pay tax huge bill

Say what you will about Zuck and his hoodie, at least he is going to pay his taxes when Facebook IPOs. #ArealAmerican

@danprimack they get FB to pay too, but that is secondary, a one-time transaction. Their relationship with investors is ongoing.

@danprimack bankers real clients are institutional investors and the wealthy. Hot IPOs are products they sell those clients.

@kaaayvon they have different, conflicting constituents to please. Investors want a pop

@marceloratafia @mathewi That's one definition :) But he wasn't really an "angel" investor, he had an operating role in the company.

Will Facebook IPO be overvalued? Yes. Will it matter? No.

Biggest retail stock since Apple. Retail investors will push it up. $FB

RT @heif: "the best investors are customers" @edyson

Dan Porter (@tfadp): "success plan" for Draw Something was taking everyone else off other projects and scaling like crazy

Cisco projects Web traffic will grow 4X by 2015, with 90% of that from online video (source: Citi analyst Mark Mahaney)

To be 100% clear, 4SQ founder @naveen's health analytics project I mentioned earlier is a personal project at this stage, not yet a startup

@owenthomas @naveen fwiw, right now it is very much a personal project for naveen, which he made clear after his talk.

What is @naveen's current project? "Google Analytics for everything I know about my body" have to track 3 things: exercise, food, sleep

"@arqball: @erickschonfeld we're 2/3 funded on Kickstarter w/ 8 days to go, please RT " Good Project

This week a tech CEO who IPOed recently told me what he learned about bankers: "You are not the client. You are the product."

@danprimack bankers real clients are institutional investors and the wealthy. Hot IPOs are products they sell those clients.

@danprimack No, getting best price for $FB is their No. 2 job. FB isn't "really" their client. FB is their product. Cc @cdixon

RT @asymco: Operating Income: Microsoft divisions, Apple products and Google.

You are only as good as your latest product: @dysonjames doesn't believe in "brands"

Adobe CEO Shantanu Narayen on iPad plans: "You are going to see our entire suite of creative products on these tablets" #WiredBizConf

And if you didn't buy $FB shares today, at what price would you buy them?

@danprimack No, getting best price for $FB is their No. 2 job. FB isn't "really" their client. FB is their product. Cc @cdixon

RT @tim: CNBC showing indicative opening price for $FB at $45... 5 minutes to go

@PaulSloan @mathewi Doubtful. Let's say his valuation for tax purposes is $15 to $20/share Vs. a $34-$38 IPO price, not counting any pop,

RT @mediagazer: Amidst Justice Department Lawsuit, Kindle E-Book Prices Rise Sharply (@jdgsaid / Digital Book...

@BenedictEvans @johngapper @mathewi price fixing!

This week a tech CEO who IPOed recently told me what he learned about bankers: "You are not the client. You are the product."

@danprimack bankers real clients are institutional investors and the wealthy. Hot IPOs are products they sell those clients.

@danprimack No, getting best price for $FB is their No. 2 job. FB isn't "really" their client. FB is their product. Cc @cdixon

If $FB opens at $45, the bankers priced it well. Gives an 18% pop to their clients, but doesn't leave too much off the table for Facebook.