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Tuesday, February 7, 2023

Safa Rashtchy Leaving Piper Jaffray

Piper Jaffray financial analyst
Safa Rashtchy
has been covering the search space seriously for years. He was one of the first
analysts I recall looking hard at the industry before it became clear to the
world how much money it was generated. He’s now leaving Piper Jaffray and has
sent news of his departure, as of June 30, to clients and others in the email.
Some key points from that:

As you may have already heard, yesterday we announced that I am retiring
from the sell side, after ten excellent years that I will always remember and
cherish. The decision was not easy for me and, in fact, I have been thinking
about it for quite some time now. Part of my reluctance was based on the
desire to continue to expand the strong platform that we have built here at
Piper, a process that I have enjoyed over the past years, and one that has
been fruitful both for our clients and for us at Piper. I also wanted to make
sure that after my departure, the platform continues its strong reputation and
further expands. I am happy that the new team which will include Aaron Kessler
and Gene Munster, as well as a number of other analysts, is exactly capable of
this, and thus, I can leave without worry. Aaron and Gene, as well as the rest
of the new Internet and China team, are highly thoughtful, intelligent, and
well-respected analysts, who I am convinced will maintain our high standards
and further expand the platform. Over the next few weeks, we will transition
coverage of my universe to the new team.

My last day at Piper will be June 30, although I will be on vacation for a
good part of the time between now and then. I am planning to take at least the
second half of the year off, before I decide on my next activity. I remain
interested in global investment opportunities in the media, consumer, and
technology sectors. In the meantime, there are many interests and causes that
I would like to devote more of my time to, during the rest of this year and
for as long as I can continue.

Best wishes, Safa!


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