JPMorgan adds VC bankers - Compass shrinks IPO - Goldman backs cloud data startup

Inside a trading floor on the New York Stock Exchange

Brendan McDermid/Reuters

Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today:

• SoftBank-backed Compass slashes the scale of its ambitious IPO
• JPMorgan wants to deepen its ties to Silicon Valley, and it just hired five people to help
• Wall Street's rapid-fire deals are contributing to Big Law burnout - and special retention bonuses
• Goldman Sachs is making plans to bring some full-time campus hires into the office later this year
• Cloud data startup Striim nabs $50 million led by Goldman Sachs

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Like the newsletter? Hate the newsletter? Feel free to drop me a line at ddefrancesco@businessinsider.com or on Twitter @DanDeFrancesco.

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Compass just slashed the scale of its ambitious IPO

Robert Reffkin is the cofounder and CEO of Compass.

Compass

Analysts had cast doubt on firm's tech-startup image and path to profitability. Find out more here.

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JPMorgan just poached 5 people from Silicon Valley Bank and Bank of America to bulk up teams focused on VCs and 'disruptive' commerce

Mike Blake/Reuters

In a move targeted at strengthening its ties to Silicon Valley, JPMorgan just hired five people who will build relationships with tech companies and VCs.

Meet the new hires here.

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Cloud data startup Striim nabs $50 million led by Goldman Sachs in a new tech partnership for the Wall Street powerhouse

Striim

Striim, a data startup that offers the pipes to send data from one cloud to another, secured a $50 million Series C round led by Goldman Sachs Growth Equity. Here's what you need to know.

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Big Law associates are burned out after a year of rapid-fire deals and intense hours. Special $60,000-plus bonuses may not be enough to keep them.

vvetc1/shutterstock

After a busy year, at least 25 Big Law firms are awarding special bonuses to high-performing associates - but many aren't sure it'll be enough to manage burnout. We took a look at what firms are doing to help their workers, and compiled a list of who's announced special bonuses.

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Goldman Sachs is telling new full-time campus recruits to expect some in-person orientations this summer and recommending they move close to the firm's offices

JOHANNES EISELE/AFP via Getty Images

Goldman Sachs is planning to bring some full-time campus hires into the office later this year for their onboarding and orientation, according to an internal memo. More insights from that memo.

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Odd lots:

Famed lawyer Tom Girardi and 'Housewives' star Erika Jayne flaunted their life of excess. Now, with accusations of a Ponzi scheme, they may lose it all.

An analyst for the top-performing infrastructure ETF in the US this year shares 5 stocks set to benefit for years from Biden and Congress' expected multi-trillion-dollar package

VC Keith Rabois has a new side hustle in Miami as a Barry's Bootcamp instructor

LinkedIn is testing a Clubhouse competitor as the audio space heats up. Here's a mock-up of the feature.

Sports-card marketplace Dibbs is blending traditional card trading with NFT technology to capitalize on the billion-dollar market, after raising $2.8 million in funding

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