4 ms·
Goldman Sachs is a complex place, with lots of competing interests inside. I see a few things going on here... 1 - Goldman Sachs wants to be able to offer it'
by mathattack 11y ago
Goldman Sachs is a complex place, with lots of competing interests inside. I see a few things going on here...
1 - Goldman Sachs wants to be able to offer it's investors access to tech companies. This used to be access to IPOs, and now it's access to pre-IPO.
2 - Goldman Sachs is trading for their own position too.
3 - Goldman Sachs is an IT company at heart. Their IT department is bigger than their Fixed Income department. They write their own databases and programming languages from scratch. (I'm not saying whether this is a good idea or not.) They want to be attached to the bleeding edge of Silicon Valley technology, and money is their way in.
None of this is nefarious or evil.
- ionforce 11y agoThe one thing I remember about Goldman Sachs is that they have their own collections library for Java.
- mseebach 11y agoThey do, and it's pretty cool: https://github.com/goldmansachs/gs-collections https://github.com/goldmansachs/gs-collections
- KennyCason 11y agoI can confirm it's awesomeness and high performance!
- Wallstreeter 11y agoNow might be a good time to remember about how Goldman Sachs "helped" Dragon. See NYTimes article: "Goldman Sachs and the $580 Million Black Hole" http://www.nytimes.com/2012/07/15/business/goldman-sachs-and-a-sale-gone-horribly-awry.html?_r=0 http://www.nytimes.com/2012/07/15/business/goldman-sachs-and...
- sarwechshar 11y agoWhat's interesting is they say GS have more developers and programmers than bankers and traders...