Letter to the Editor –

Dear Editor:

I am writing to express our frustration with an op-ed that recently appeared in VCJ. The article incorrectly makes the claim that “firms such as Robertson Stephens and Thomas Weisel Partners have laid off large portions of their private placement banking staff.”

Thomas Weisel Partners has not eased up on its vigorous commitment to this area of the investment banking business. In 2001, the group has completed 11 private placements valued at $453 million.

We welcome healthy competition and are well-equipped to compete with the best.

Steve Tuch Principal, Private Placement Thomas Weisel Partners