Expert Network Gerson Lehrman Sells Stake: $875 Million Valuation

Updated 2007-12-19T00:08:23Z How much is a great Rolodex worth? About $875 million. We hear that's what NYC consultancy Gerson Lehrman Group has been valued at in their latest round, led by VC heavyweights Silver Lake. UPDATE: NYT reports GLG sold 25% of the company to Silver Lake.

Who's Gerson Lehrman? They're Wall Street's fastest growing independent research firm--and they don't even provide "research" per se.  They connect hedge funds and other investing pros with industry experts -- doctors, for example -- and let them pick their brains via phone interviews at a very steep rate. The average consultation costs about $1,000 an hour, and GLG keeps most of that. Some big investors pay Gerson more than $500,000 a year.

We don't have revenue estimates -- a very rough guess puts them in the $300+ million range -- and it's certainly a profitable company. GLG is 9 years old, so it's tough to call them New York City's most valuable startup. Why don't we settle for: "Most valuable NYC company no one outside of Wall Street has ever heard of?"

Don't Miss: Ron Paul: Still President Of The Web
Facebook: "Like MySpace With ADD, Minus The Boobs"

Don't miss a minute of SAI! Sign up for our free daily email newsletter here (no SPAM), or add our real-time RSS feed to your reader.

ncG1vNJzZmivp6x7o8HSoqWeq6Oeu7S1w56pZ5ufonxzfI9wZmpqX5rFsbHRrapmnp%2Bneqm10Z5koJ2iqLyvecuen6ulkaN6qL7OrqdmnqWjsaawjHFnaWWdnrmttc6nZK%2BZnKqutbXOpw%3D%3D