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I used to really enjoy doing m&a for micro/smallcap companies, since you get to know the founders and oftentimes they're small teams potentially coming into life changing money. That felt really rewarding. I don't get that same feeling working with my larger clients now that I've switched firms.
Same, one of the benefits of being in MM vs. BB imo
It absolutely creates value, by helping resources be allocated to companies that produce goods and services that people want/need.
That’s quite abstract/macro, but also incredibly valuable in aggregate.
The real question is whether *you* think it matters. (And if you care)
I really do believe what we do creates value.