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Leveraged Sellout
leveragedsellout.com · Personal blog · on HN since 2008
Leveraged Sellout is a satirical blog about investment banking and Silicon Valley, with made-up stories and rumors.
What HN saysHN commenters cite its satire, such as "The Book of Graham" on startup accelerators resembling investment banking. One says a real venture seemed to validate its joke.
20HN people shared it
5linked it in comments
15stories submitted
512story points
3 years agolast shared
2008people per year2026
Most-shared posts
- 1The Book of Graham7 people · 490 points · first shared 2014 · 116 comments on HN
- 2The Founder Hounder - gold diggers silicon valley style4 people · 9 points · first shared 2014 · discussion on HN
- 3Obsolete2 people · 6 points · first shared 2014 · discussion on HN
- 4Remember the titans2 people · first shared 2014
- 5The Book of Graham1 people · 3 points · first shared 2014 · discussion on HN
- 6A Night In The Life1 people · 1 points · first shared 2008 · discussion on HN
- 7MBA students flock to new course: Hunting and Gathering1 people · 1 points · first shared 2008 · discussion on HN
- 8Benefit Crashers : The Leveraged Sell-Out (Investment bankers fall from grace)1 people · 1 points · first shared 2008 · discussion on HN
- 9Is the safest space for women these days actually Wall Street?1 people · 1 points · first shared 2017 · discussion on HN
- 10Breaks in the track1 people · first shared 2014
What HN people wrote when they linked it
MaxScheiber · 2014-07-07
One reason that you see this sort of behavior in the first place is that very few people are able to successfully become lifetime bankers. The skillset required to be an excellent investment banking analyst is extremely different than the skillset needed to be an investment banking vice-president (or higher). Modeling skills and pitchbook formatting knowledge will do little for you if your job is to try to bring business to your bank. Analysts know that the internal track will end at the associate level (or, more likely, they'd be booted out after two years with no internal promotion to associate at all). Therefore, it makes sense for them to jump ship, and the subsequent prisoner's dilemma also makes sense.
What's interesting is that a similar thing happens after two years as a private equity associate, in that almost all PE associates are booted out after two years, being told that they don't have the skillset to be promoted within the shop. At this point, I believe that many employees move onto internal corporate development, but my knowledge here is pretty incomplete about what happens after that break in the track. ("Greatness", perhaps?[0])
[0] http://www.leveragedsellout.com/2007/07/breaks-in-the-track
avn2109 · 2017-07-19
[0] is still funny and still true.
"Employing Type A personalities to shuffle around amorphous blobs of questionable value is not called a “startup accelerator”; it’s called Investment Banking."
[0] http://www.leveragedsellout.com/2014/02/the-book-of-graham/
sardonicbryan · 2014-03-04
It's almost like they read this (satire piece) and decided to try to validate the idea... http://www.leveragedsellout.com/2014/01/the-founder-hounder/
gus_massa · 2014-02-12
I think that the fist comment in the other thread is interesting. (I just notice that it was wroten by you.)
> To the uninitiated, this is a humour blog that was active until the debt crisis, focused on made up stories and rumors: http://www.leveragedsellout.com/2008/10/remember-the-titans/ .
gatehouse · 2014-02-11
To the uninitiated, this is a humour blog that was active until the debt crisis, focused on made up stories and rumors: http://www.leveragedsellout.com/2008/10/remember-the-titans/ .