Competition Is Stiff to Manage Tech Billions

“They’re all chasing the marquee Silicon Valley names,” said Larry Albukerk, a San Francisco broker at EB Exchange who arranges stock sales for investors in pre-I.P.O. companies. “It’s not just the management fees from a billionaire’s account, but also the potential for favorable buzz,” he added. “One big name can attract dozens of other clients. It can make their business.”

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