What are the right criteria for selecting an investment banking firm?
There are many different criteria that contribute to the selection of an investment banking firm. As entrepreneurs hiring bankers, we considered the reputation of the firm and evaluated their past track record. We made sure they have defined resources and a dedicated and compatible team devoted to our project. We would recommend that you ask for an explanation of the internal processes that the firm employs to ensure project closure. Find out what they know about your project as well as the other side of the transaction? Make sure the project is important to the firm and check for potential conflicts of interest. The least important issue should be what the firm estimates the value will be when they are pitching for your business. Lastly, call around for references. At Cat Trail, we encourage potential clients to call around.
