Silicon Valley's Prodigal Son Comes Home

Frank Quattrone seeks to repair his rep with new investment bank
By Zach Samalin,  Newser Staff
Posted Mar 19, 2008 9:50 PM CDT
After being cleared of obstruction of justice charges, Silicon Valley pioneer Frank Quattrone is seeking to restore his tarnished reputation with his new tech-centered investment bank, Qatalyst.   (Getty Images)
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(Newser) – Silicon Valley prodigal son Frank Quattrone is staging a comeback, poised to debut his new tech-centered investment bank Qatalyst—after years recovering from federal obstruction-of-justice charges. But now that he's back, the question is whether the industry will welcome home an errant child with open arms. Probably, BusinessWeek writes—if he wields his Rolodex right.

Before getting burned, Quattrone helped jumpstart, Cisco Systems and Netscape—in turn jumpstarting the 1990s IPO boom. As a result, many Silicon Valley luminaries consider Quattrone a tech-world founding father, and those are the ones he's looking to tap. And with most investment banks stretched thin by a limping economy, Quattrone's self-styled "boutique" venture could make for a smooth reentry.