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

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

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

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.

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

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.

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.

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.

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

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.

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