Raiding the banking industry: Uber often hires bankers for corporate development, focusing on plotting the company's strategy and handling financial transactions including capital raising.
NEW YORK/SAN FRANCISCO: Three mid-level bankers in Goldman Sachs Group Inc's technology investment banking group in San Francisco have left to take positions at ride service company Uber Technologies Inc in recent months, people familiar with the matter told Reuters.
The bankers are the latest to leave Wall Street banks for Silicon Valley startups, where the lure of more flexible hours – and in some cases stock options and share grants – can be hard to resist. For tech companies, having bankers on staff can help smooth the path to an initial public offering and other capital raisings.
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