Investment banking execution work is a miserable profession. Today I resigned.
Discussion
Congrats. It’s a sweet feeling. Good luck on whatever is next 🫡
Thanks! Feels amazing. Maybe a coverage role to help another firm go-to-market covering the bitcoin space, but only if I can do it on my terms and bitcoin-only. But more likely going to help a former client stand up a bitcoin mining operation.
I loved and still love deal making. But the industry is plagued with overly smart, under confident men who are just risk averse enough to never take a real risk or provide a real opinion. The processes and strategies that come from that mindset make for miserable working conditions. Re-cutting analyses and strategies constantly, obsessing over PowerPoint formatting to compensate for a lack of confidence. The hours and culture in banking have gotten worse and worse, despite meaningful productivity improvements over the last decade. Maybe I will be involved again in a coverage type capacity, but no amount of money will drag me back into an execution role in M&A.