Title
Weisel, Thom oral historyCatalog Number
102740478Type
DocumentDescription
Thomas "Thom" Weisel was born in February 1941 in Rochester MN. is an American banker, businessman, and investor. He was one of the pioneers in the development of the high tech industry in Silicon Valley. Weisel is the founder of Montgomery Securities and later Thomas Weisel Partners. In addition, he is passionate about sports and has won medals in skating, cycling, and skiing. He has also been an investor in professional sports teams.Thom attended Stanford, graduating with a degree in economics in 1963. He earned an MBA from Harvard in 1966. Even while attending Harvard, he had a burning desire to “start something…to build something.” That would have to wait though.
His first job was working as a financial analyst at FMC, the only job he could find on the west coast, which is where he wanted to be. A year later he did join a new investment banking company as a financial analyst. He shortly moved to sales, where the relationships he had built at Harvard turned out to be a real advantage. He was there four years.
However now was the time to join a group to start a new investment banking firm, Robertson Coleman, Siebel & Weisel in 1971. By 1978, the other founders had left and he renamed it Montgomery Securities. He built this firm into a very successful operation, focusing on serving the emerging high tech companies in the area and taking such companies as Applied Materials and Tandem Computer into the public market. Thom tells a number of stories surrounding the companies they worked with and reviewed why he thought the firm was so successful.
He sold the firm to NationsBank in 1997 because he felt the need to grow larger to serve the needs of larger clients. NationsBank was not able to hold up their side of the agreement with him personally, so Thom left a year after the acquisition. He formed Thomas Weisel Partners in 1999, which was later sold to Stifel in 2010. Throughout the interview, he provides details and insights into how he navigated the various peaks and valleys of the larger economy. He also talks about the many exciting companies, he’s involved with as part of Stifel.
Besides his very successful investment banking career, Thom has been active in backing various amateur sports programs and is a very active art collector, with special interest in modern art.
Date
2018-12-10Contributor
Hancock, Marguerite Gong, Interviewer |
Weisel, Thom, Interviewee |
Publisher
Computer History MuseumPlace of Publication
San Francisco, CAExtent
25 p.Format
PDFCategory
TranscriptionSubject
SFMOMA; Montgomery Securities; Stifel; Amstrong, Lance; US Ski Team; Robertson, Sandy; Amgen; MicronCollection Title
CHM Oral History CollectionCredit
Computer History MuseumLot Number
X8870.2019Related Records
102740479 | Weisel, Thom oral history |