Goldman Sachs still doing what they do best
This guys just never cease to amaze.
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Mad skillz.
The article doesn't give much information... as in when and how Goldman bought into this company. It could very easily be a PE/VC type investment that was made when the company's portfolio of drugs had an uncertain future at best. In any case, it doesn't mean anything. They've likely got several dozen other bio-tech companies they invested in that they'd probably have to give away.
Just another example of the media reporting something as if it is news.
Li Li and Li Tan are ballers.
..
Banking isn't where the money is. Entrepreneurship is the real gold mine!
I wouldn't say so, it's all an expected value equation: While a decent amount of entrepreneurs succeed and make the headlines, the overwhelming majority don't, whereas with banking, everyone's making money of some sort.
Eye-popping stuff, but it was on a $4.9m investment, not exactly a large cap deal - how many other start-up pharma companies do you reckon they provided VC to that went belly up?
3i announce a 50 or 100 bagger once every couple years, didn't prevent them almost going kaput in the GFC
can't open the link. can someone post the article?
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