https://techcrunch.com/2019/05/15/what-uber-and-lyfts-investment-bankers-got-right/ > Startup CEOs heading to the public markets have a love/hate relationship with their investment bankers. On one hand, they are helpful in introducing a company to a wide range of asset managers who will hopefully hold their company’s stock for the long term, reducing price volatility and by extension, employee churn. > On the other hand, they are flagrantly expensive, costing millions of dollars in underwriting fees and related expenses.