The stage has been set for a disruptive return of the “Small IPO” to the private equity marketplace (Seed, Series A, B etc.).
This go-around, the liquidity boom will not be the exclusive provenance of the Four Horsemen (Alex Brown Inc., Hambrecht & Quist, Robertson Stephens & Co., and Montgomery Securities), the four boutique investment banks that drove liquidity for Silicon Valley during the boom.
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