VC's and I-Banks

Read a post in VentureBeat about how VC's are upset about the fees that major i-banks like Goldman Sachs charge small companies for IPO'ing.  They feel that the larger banks have traditionally demanded large fees (e.g. $7M in a $100M IPO), while smaller banks in the syndicate that do most of the work get a much smaller piece of the fees.  Reminds me of the research I saw last fall about how IPO's from the large investment banks (based on the league tables) actually perform worse than those from smaller investment banks.

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