"Hambrecht & Quist has a special touch when it comes to financing small high-technology companies like Apple, managing five venture-capital funds with about $100 million in assets."
"The oldest fund invested in over 100 companies in ten years, returning an average of 29.8% a year, while the second fund launched two years ago returned 59.9% a year."
"The firm underwrote 25 equity issues worth more than $400 million this year, its best ever, but its multiple roles have raised questions about whose interests it serves."
Hambrecht & Quist is a unique firm that combines venture capital and underwriting, specializing in financing high-technology companies like Apple. With five venture-capital funds and $100 million in assets, it has achieved impressive returns, including an average of 29.8% and 59.9% for its funds. The firm underwrote 25 equity issues worth over $400 million in a record year. However, its dual roles as investor and underwriter have raised concerns about whose interests it prioritizes, whether its own or those of shareholders.
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