Top Silicon Valley investor who made a fortune on Google compares IPO bankers to ticket scalpers
Michael Moritz
Scott Mlyn | CNBCMichael Moritz, the Sequoia Capital venture capitalist who made fortunes from early bets on Google and Yahoo, says investment bankers in tech IPOs are like ticket scalpers, and more companies are realizing that they no longer need them.
The direct listings pulled off by Spotify last year and Slack in June enabled those companies to go public without handing over…