The Deal Drinks With The Deal: O'Melveny's David Makarechian
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Jun 3, 2021 David Makarechian leads the emerging technologies group at O'Melveny & Myers and shares insights from his journey in corporate law. He compares today's tech market to the late 1990s, highlighting the cyclical nature of the industry. David discusses recruitment challenges in law firms and the evolving landscape of semiconductors, emphasizing the role of Silicon Catalyst in supporting startups. He also shares his passion for Singapore street food, intertwining personal anecdotes with professional insights, making for a delightful and informative conversation.
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Early Career and Silicon Valley Life
- David Makarechian became fascinated with tech deals starting with a tech IPO on coaxial cable in Chicago.
- He moved gradually westward to Silicon Valley, embracing its intense, 24/7 deal environment of the late 90s.
Comparing Tech Booms
- The current tech market shows some early signs reminiscent of the late 90s boom with high deal volume and SPAC activity.
- However, today's companies are more diverse and deals are larger, differing from the 90s dot-com focus.
Law Firm Talent Wars
- Law firms face fierce competition for mid- and senior-level associates, creating a seller's market.
- It's crucial to be cautious in hiring and maintain cultural and practice fit despite staffing pressures.