Silicon Valley And The CreditCrunch: Hambrecht Says No Worries
Om Malik has a great session with Bill Hambrecht, tech investment banker extraordinaire, in which they discuss what the current financial fall out means for Silicon Valley and the tech industry.
I was expecting to find him deeply worried; instead he was amazingly optimistic and, most importantly, wholly confident in the Silicon Valley way of life. Disruption will always prevail, he said, despite the current crisis, the rise of China and any of our backward government policies.
“I don’t think it will have much of an impact on Silicon Valley as an operating entity,” he remarked when I asked him how the current crisis would affect Silicon Valley. “What is going to be interesting is what happens to the underwriting/IPO market.” In other words, fewer underwriters will be focus on tech companies — unless they’re really big, he said. In other words, it’s just like old times, like back when he started H&Q.
You can watch the full interview below: