Goldman’s Homegrown Start-ups 🌱

Goldman’s Homegrown Start-ups 

A banker’s hours are not kind, but Goldman Sachs has given its workforce a chance of escaping the grind. The premise is simple: employees form teams and pitch a start-up idea to the higher-ups. After some umming and ahhing on their part, five winning start-ups are picked, and the masterminds behind them are given a briefcase full of cash and two years to make them happen!

This is crowdsourcing at its finest, and it’s a win-win. Goldman pleases both investors by not wasting their money in the bubble-like private market, and workers by getting their creative juices flowing. The market also likes the timing. Low interest rates are working against the entire banking industry, and Goldman is starting to look like an antique next to its modern, fintech competitors. Stand still and risk getting left behind! Attack is the best form of defense for Goldman, and its charge will be led by its own!

You’re probably wondering what ideas won this competition, right? A new app store, and some cyber-security software to stop hackers stealing all of the bank’s dosh! That’s the beauty of this in-house approach; every start-up is tailored to Goldman, and Goldman only. Putting its 2008 bailout conveniently to one side, the bank has a reputation for solving its own problems.

But as investors who’ve tried their hand at venture capital will tell you, this isn’t a sure bet. Most hopeful upstarts die in their infancy, and so patrons need to be careful when forecasting future profits. It’s not uncommon for investors to discount a start-up’s profit predictions by 25%! What do you reckon the odds of success are here?

Share:

More Posts

Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community.The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results.Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such.Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.