Home Page ContentPress Releases Thierry Monjauze, Managing Director at Harris Williams commenting on the sale of MySpace and recent movements in the Technology sector

Thierry Monjauze, Managing Director at Harris Williams commenting on the sale of MySpace and recent movements in the Technology sector

by david.nunes

Thierry Monjauze, Managing Director at Harris Williams commenting on the sale of MySpace and recent movements in the Technology sector:

 

“While MySpace was a great success story in the early days, it struggled to continue on its growth curve following its sale to News Corp and eventually ran into a formidable competitor in Facebook who stole the thunder.  Social networking is much more than a trend, it is a reality.  Consumers have embraced this phenomenon and those companies benefiting from this are raising significant capital either through private placements and via the public markets (IPO).  While some valuations may seem excessive at face value, a number of these companies such as Facebook and Zynga are one-of-a-kind and will continue to grow exponentially.  This is not the first time we have experienced this – when Amazon went public in 1997, many investors thought that the valuation was stretched when it fact it has delivered tremendous shareholder return over the years.”

 

 Thierry leads the European operations for Harris Williams & Co., and brings over 16 years of investment banking experience in the U.S. and Europe.

Prior to joining Harris Williams & Co., Mr. Monjauze was Co-Head of European Technology Investment Banking at Deutsche Bank. Previous experience also includes co-founding a venture capital firm based in California and leading the European internet and software practices for Credit Suisse First Boston. Over the past 15 years, Mr. Monjauze has advised European and U.S. technology companies including, among others, AOL, Autonomy, Alcatel,  eBay and  Nokia.

 

 

 

 

 

 

 

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