Read a bloomberg article published in 2015 which stated that Goldman Sachs has invested in 15 unicorns (startups with more than a $1 billion valuation) with a focus on technology. Sequoia has 19 such startups and Andreessen (lot of noise around it these days) has 16. That's saying something considering that Goldman doesn't identify itself as a VC firm.
Its activities rival those of the top venture capital firms in Silicon Valley. Goldman has backed Uber Technologies, Pinterest, Dropbox, and 12 other so-called unicorns, that once-rare breed of startup valued at $1 billion or more. Goldman ranks in the top 10 of CB Insights’ unicorn backers—ahead of such Silicon Valley heavyweights as Peter Thiel’s Founders Fund and New Enterprise Associates. And unlike many of Silicon Valley’s top financiers, Goldman’s reach is truly global: It’s in startups ranging from an online pet store in China to a food delivery site headquartered in Germany, to a Korean app developer.
A name to reckon with in Investment Banking, is Goldman going to be a powerhouse in Venture Capital too? And what does it mean for Silicon Valley startups and other VCs'? Will the big kid in the block change things for them?
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