Anthony Noto: From Twitter IPO to Hedge Fund

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May 14 (Bloomberg) –- Gilbert Tweed International's Richard Lipstein and Bloomberg's Cory Johnson and Leslie Picker discuss Anthony Noto leaving Goldman Sachs to join hedge-fund firm Coatue Management. They speak with Trish Regan on Bloomberg Television's "Street Smart." (Source: Bloomberg)

Phenomenal franchise.

It is a phenomenal name and a lot of people go straight to goldman just because, cory, it's goldman.

So this is an interesting question.

How much was anthony able to really influence their success?

How much was just the pure fact that this was goldman sachs?

I think being goldman is like being catholic.

Once you are there, you're always there, a part of the family.

I sent him a note yesterday saying congratulations on your second great run at goldman sachs.

He recommended some really crummy stocks, most notably banging the drum on etoys.

Those were big anthony noto "these are going to be survivors." but he left after the dot com bubble and went to goldman to be the chief financial officer and he learned about how businesses work.

He returned to goldman as a banker and had a successful run.

Is it noto or goldman sachs?

He was ahead of the game at goldman sachs which is we -- which speaks to his abilities.

I was there at one point in my career as well.

But i think part of this question is how is goldman going to succeed as it moves forward?

Losing key talent, will it still be able to get those really big deals?

You cover the ipo market, how competitive it is.

They do have a deep bench of people to take anthony noto's place.

They are not left with no one and anthony was there for about three years.

So he was there during the right time.

He was there for twitter when twitter was looking to do something different than facebook.

Goldman was there and stepped up to the plate.

And we are not morgan stanley.

And we also have this great brand culture recognition in silicon valley and got a really great deal.

What is your take, richard?

Is this a big loss for goldman?

It is a loss, but if you look at then these -- at van dees, goldman is sorted the 1927 yankees in the 1962 yankees all rolled into one.

Goldman may have lost a step, but ultimately goldman sachs is up there.

What does it mean for the other players?

Opportunity, right?

If you are morgan stanley, you are probably welcoming this day.

Goldman certainly has a leg up on competitors, not the least of which there ability to control the markets.

The things that others got accused of, some notable names certainly criticized during the bubble, didn't get involved in that.

He didn't write about the lipstick on the pig.

I think it's an interesting call on where we are in terms of the bubble or a tech bubble and what this means, leading goldman now thinking the underwriting days of the future may not be as great as they have been the last couple of years.

That is a fascinating point.

There is a lot of concern that all this momentum in tech may be fizzling out.

I disagree.

Tommy why.

-- tell me why.

You can't predict the future.

Goldman makes a lot of money and becomes more self-actualized.

Noto has the opportunity now to make a ton of money if he hits the next big ipo that he could not have made a goldman.

Because he will be in on the ground floor now and he might know -- given his background -- he probably knows is this a company that is going to do well in the public markets?

And he can help guide a company through those early stages to get it to the final ipo process.

Research analysts are more costly tide than investment bankers but he has the best of both worlds.

The fact that he has been so close to the action all these years -- he went from analyst a banker to hedge fund guy.

It's like a transition we have seen.

The hedge fund business is now looking for other alternative investments.

If you think about anthony's career, he made a great point.

He is getting closer and closer to manager.

He's getting close to public many management.

There is some operational sense to all of this.

What do you think is going to be most fun?

I'm guessing what he is doing now.

Probably.

Yeah.

Closer to those younger companies.

I was a portfolio manager at a hedge fund and network is maddening and wonderful and brings you so up close and in depth closer to a company than you can possibly be.

It's also terrifying and exhausting.

And hopefully won't be at the printer at those late hours.

He is described as the don draper of ipos.

He wants to be the don draper season one of ipos.

Coming up next, the secret of

This text has been automatically generated. It may not be 100% accurate.

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