Quattrone: Qatalyst Barely Made Payroll in 2008 Until Christmas Deal Closed
Frank Quattrone · Frank Quattrone: Lessons from 650 M&A Deals Worth Over $1TRN & Taking Amazon and Cisco Public| E1121 · 20VC with Harry Stebbings · Mar 1, 2024 · at 53:22
Frank Quattrone reveals the financial difficulty Qatalyst Partners experienced during the 2008 credit crisis before securing its first advisory fee.
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“That first year, I didn't know if we could make payroll until our very first deal closed, like literally on December, 25th. And we got our first fee. So we were able to make payroll.”
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